Coty (NYSE:COTY) New Coverage by Societe Generale
In a research note sent to investors today, Societe Generale analysts began Coty (NYSE:COTY) coverage with “Buy” rating.
The new coverage is well-received by equity trades, as NYSE:COTY is right now trading 3.66% higher at $19.42 as of 8:34 AM New York time. Coty shares have [From2] 0% in the past 200 days, while the S&P 500 Index has surged 6.00% during the same time period.
Out of 10 brokers covering Coty, 3 rate it a Buy, 8 indicate a Hold while 2 suggest a Sell. The highest target is $32 and the lowest is $19.5 according to Thomson/First Call. The 12-month mean target is $28.15, which means upside potential of 44.95% over the current price.
Alpine Partners Vi Llc had the biggest stake with ownership of 383,863 shares as of Q2 2015 for 22.23% of the US long Stock exposure. Lmr Partners Llp is another notably bullish fund who is possessing 4.33 million shares of Coty or 9.67% of their US long stock exposure. In addition, Dynamo Internacional Gestao De Recursos Ltda. have 5.15% of their US long stock exposure invested in the company for 1.37 million shares. The New York-based fund Msd Partners L.P. revealed it had purchased so far a stake worth about 5.07% of the fund’s stock portfolio in Coty. The Guernsey-based fund Bluecrest Capital Management Ltd is also positive about the stock, possessing 2.68 million shares or 4.73% of their US long stock exposure.
Coty (NYSE:COTY) Profile
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.
Coty (NYSE:COTY) traded up 3.66% on 12 June, hitting $19.42. A total of 3.91M shares of the company’s stock traded hands. This is down from average of 5.00M shares. Coty has a 52 week low of $16.95 and a 52 week high of $30.13. The company has a market cap of $14.72B and a P/E ratio of 0.
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