tiprankstipranks
Blurbs

Coty (COTY) Gets a Buy Rating from RBC Capital

In a report issued on July 15, Nik Modi from RBC Capital maintained a Buy rating on Coty (COTYResearch Report), with a price target of $14.00. The company’s shares closed last Monday at $7.30.

According to TipRanks.com, Modi is a 5-star analyst with an average return of 8.4% and a 61.5% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Reynolds Consumer Products, and Spectrum Brands Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Coty with a $10.66 average price target.

See Insiders’ Hot Stocks on TipRanks >>

Based on Coty’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.19 billion and net profit of $53.6 million. In comparison, last year the company earned revenue of $1.03 billion and had a net profit of $15.6 million.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of COTY in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Coty, Inc. engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Consumer Beauty, Luxury, and Professional Beauty. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care, and mass fragrances. The Luxury segment comprises of prestige fragrances, premium skincare, and premium cosmetics. The Professional Beauty segment consists hair and nail care products for salon professionals. The company was founded by Francois Coty in 1904 and is headquartered in New York, NY.

Read More on COTY:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More
Videos
---

Latest News Feed