BofA Merrill upgraded Coty (NYSE:COTY) from Neutral to Buy in a statement released earlier today.
- Updated: October 3, 2016
BofA Merrill has upgraded Coty (NYSE:COTY) from Neutral to Buy in a report released on Monday October 03, 2016.
On 9/29/2016, B. Riley released a statement for Coty (NYSE:COTY) bumped up the target price from $0.00 to $23.25 that suggested a downside of -0.02%.
Boasting a price of $23.50, Coty (NYSE:COTY) traded 1.34% higher on the day. With the last stock price close down -11.56% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Coty has recorded a 50-day average of $25.83 and a two hundred day average of $26.93. Trading volume was up over the average, with 6,032,085 shares of COTY changing hands over the typical 5,537,180
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Coty has a 52 week low of $21.48 and a 52 week high of $31.60 with a P/E ratio of 54.13 The company’s market cap is currently $0.
In addition to BofA Merrill reporting its target price, a total of 10 firms have reported on the stock. The consensus target price is $28.15 with 2 firms rating the stock a strong buy, 1 firm rating the stock a buy, 8 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Coty (NYSE:COTY)
Coty Inc. is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men's and women's products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli. Its color cosmetics products include lip, eye, nail and facial color products. The brands in its Color Cosmetics segment include Bourjois, Rimmel, Sally Hansen and OPI. Its skin & body care products include shower gels, deodorants, skin care and sun treatment products. Its skin & body care brands are adidas, Lancaster, philosophy and Playboy. The Company, through Hypermarcas S.A., engages in personal care and beauty business. The Brazil Acquisition segment includes product groupings, such as skin care, nail care, deodorants and hair care products. It operates in the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific.
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