BMO Capital analyst Shannon Coyne upgraded Coty Inc (COTY) to Buy today and set a price target of $12. The company’s shares closed yesterday at $8.70, close to its 52-week low of $8.15.
According to TipRanks.com, Coyne is ranked #4201 out of 4891 analysts.
Coty Inc has an analyst consensus of Hold, with a price target consensus of $11.20, a 28.7% upside from current levels. In a report issued on November 8, RBC Capital also maintained a Buy rating on the stock with a $18 price target.
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Based on Coty Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $12.1 million. In comparison, last year the company had a GAAP net loss of $19.7 million.
Based on the recent corporate insider activity of 17 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.
