Coty (COTY) Receives a Buy from RBC Capital

In a report released on November 9, Nik Modi from RBC Capital maintained a Buy rating on Coty (COTYResearch Report), with a price target of $13.00. The company’s shares closed yesterday at $7.32.

According to TipRanks, Modi is a 5-star analyst with an average return of 8.1% and a 62.57% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as Coty, Duckhorn Portfolio, and Coca-Cola.

In addition to RBC Capital, Coty also received a Buy from D.A. Davidson’s Linda Bolton Weiser in a report issued yesterday. However, on the same day, Barclays maintained a Hold rating on Coty (NYSE: COTY).

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COTY market cap is currently $6.02B and has a P/E ratio of 90.19.

Based on the recent corporate insider activity of 23 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.

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