In a report released today, Joe Lachky from Wells Fargo reiterated a Hold rating on Coty Inc (NYSE: COTY), with a price target of $15. The company’s shares opened today at $15.01, close to its 52-week low of $14.09.
Lachky said:
“We expect top-line weakness to continue to weigh on shares and limit valuation expansion from here and reiterate our Market Perform rating.”
Coty Inc has an analyst consensus of Moderate Buy, with a price target consensus of $20.67.
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The company has a one-year high of $21.68 and a one-year low of $14.09. Currently, Coty Inc has an average volume of 4.75M.
Based on the recent corporate insider activity of 34 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.
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Coty, Inc. engages in the manufacture of beauty and skin care products, fragrances, and color cosmetics. 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.
