RBC Capital Maintains a Buy Rating on Coty (COTY)


In a report released today, Nik Modi from RBC Capital maintained a Buy rating on Coty (COTY), with a price target of $9.00. The company’s shares closed last Monday at $4.71, close to its 52-week low of $3.02.

According to TipRanks.com, Modi is a 3-star analyst with an average return of 0.7% and a 56.3% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Mondelez International, and Edgewell Personal Care.

Currently, the analyst consensus on Coty is a Hold with an average price target of $7.75, implying a 73.8% upside from current levels. In a report released today, D.A. Davidson also upgraded the stock to Buy with a $6.00 price target.

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Based on Coty’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.35 billion and GAAP net loss of $21.1 million. In comparison, last year the company had a GAAP net loss of $961 million.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is neutral on the stock.

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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.

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