After Evercore ISI and Deutsche Bank gave Coty (NYSE: COTY) a Buy rating last month, the company received another Buy, this time from Jefferies. Analyst Stephanie Wissink maintained a Buy rating on Coty yesterday and set a price target of $15.00. The company’s shares closed last Tuesday at $8.99.
According to TipRanks.com, Wissink is a 3-star analyst with an average return of 2.0% and a 46.6% success rate. Wissink covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, National Vision Holdings, and Bath & Body Works.
Coty has an analyst consensus of Moderate Buy, with a price target consensus of $13.75.
Based on Coty’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.58 billion and net profit of $261 million. In comparison, last year the company earned revenue of $1.42 billion and had a GAAP net loss of $252 million.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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.
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