In a report released yesterday, Mark Astrachan from Stifel Nicolaus maintained a Hold rating on Coty (COTY – Research Report), with a price target of $12.00. The company’s shares closed last Wednesday at $9.63.
According to TipRanks.com, Astrachan is a 5-star analyst with an average return of 12.8% and a 66.1% success rate. Astrachan covers the Consumer Goods sector, focusing on stocks such as International Flavors & Fragrances, The Estée Lauder Companies, and Celsius Holdings.
Currently, the analyst consensus on Coty is a Moderate Buy with an average price target of $13.44.
Coty’s market cap is currently $7.59B and has a P/E ratio of 94.98.
Based on the recent corporate insider activity of 25 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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