RBC Capital Sticks to Its Hold Rating for Coty Inc

By Austin Angelo

RBC Capital analyst Nik Modi reiterated a Hold rating on Coty Inc (NYSE: COTY) on July 14 and set a price target of $22. The company’s shares closed on Friday at $18.38, close to its 52-week high of $30.13.

According to TipRanks.com, Modi is a 4-star analyst with an average return of 7.0% and a 73.4% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Constellation Brands Inc, and Edgewell Personal Care.

Coty Inc has an analyst consensus of Moderate Buy, with a price target consensus of $21.50.

Based on Coty Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.03 billion and GAAP net loss of $164 million. In comparison, last year the company earned revenue of $1.08 billion and had a GAAP net loss of $31 million.

Based on the recent corporate insider activity of 35 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.