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Jefferies Maintains a Buy Rating on Coty (COTY)

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In a report released today, Stephanie Wissink from Jefferies maintained a Buy rating on Coty (COTYResearch Report), with a price target of $15.00. The company’s shares closed last Monday at $8.58.

According to TipRanks.com, Wissink is a 3-star analyst with an average return of 2.3% and a 47.7% success rate. Wissink covers the Consumer Goods sector, focusing on stocks such as Petco Health and Wellness Company, Bj’s Wholesale Club Holdings, and The Estée Lauder Companies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Coty with a $13.50 average price target, implying a 57.7% upside from current levels. In a report issued on January 26, Raymond James also maintained a Buy rating on the stock with a $13.00 price target.

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Coty’s market cap is currently $7.02B and has a P/E ratio of -41.65.

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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