RBC Capital Keeps Their Hold Rating on Coty Inc

By Carrie Williams

In a report released today, Nik Modi from RBC Capital reiterated a Hold rating on Coty Inc (NYSE: COTY), with a price target of $22. The company’s shares opened today at $18.83, close to its 52-week low of $16.95.

According to TipRanks.com, Modi is a 5-star analyst with an average return of 8.0% and a 72.2% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Constellation Brands Inc, and Spectrum Brands Holdings.

Coty Inc has an analyst consensus of Moderate Buy, with a price target consensus of $22.50.

The company has a one year high of $30.13 and a one year low of $16.95. Currently, Coty Inc has an average volume of 4.76M.

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Coty, Inc. manufactures and markets beauty products, fragrances, color cosmetics and skin care products. The company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care, and Brazil Acquisition. The Fragrances segment provides a variety of men’s and women’s products. The brands in the Fragrances segment provides brands associated with fashion designers, Lifestyle brands and brands associated with entertainment personalities. The Color Cosmetics segment provides lip, eye, nail and facial color products. The Skin & Body Care brands include adidas, Lancaster, philosophy and TJoy. The Brazil Acquisition segment deals with personal care and beauty business, which includes skin care, nail care, deodorants, and hair care products. Coty was founded by Francois Coty in 1904 and is headquartered in New York, NY.