In a report released today, Dara Mohsenian from Morgan Stanley maintained a Hold rating on Coty Inc (COTY), with a price target of $12.00. The company’s shares closed last Monday at $11.49.
According to TipRanks.com, Mohsenian is a 4-star analyst with an average return of 4.4% and a 68.2% success rate. Mohsenian covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, Mondelez International, and Edgewell Personal Care.
Coty Inc has an analyst consensus of Hold, with a price target consensus of $11.17, which is a -4.1% downside from current levels. In a report released yesterday, Wells Fargo also maintained a Hold rating on the stock with a $11.00 price target.
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Based on Coty Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $2.8 billion. In comparison, last year the company had a GAAP net loss of $12.1 million.
Based on the recent corporate insider activity of 31 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, 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.
