Citigroup reiterated coverage on Coty with a new price target
$COTY
Package Goods/Cosmetics
Consumer Discretionary
Citigroup reiterated coverage of Coty with a rating of Neutral and set a new price target of $12.00 from $13.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/13/2024 | $11.00 → $8.50 | Buy → Hold | TD Cowen |
| 11/7/2024 | $8.00 → $7.00 | Equal Weight → Underweight | Barclays |
| 10/16/2024 | $14.00 → $12.00 | Buy | Deutsche Bank |
| 10/7/2024 | $11.00 → $12.00 | Hold → Buy | Jefferies |
| 4/16/2024 | $13.00 → $12.00 | Neutral | Citigroup |
| 4/15/2024 | $14.00 | Buy | Canaccord Genuity |
| 2/22/2024 | $13.00 → $16.00 | Market Perform → Outperform | TD Cowen |
| 10/17/2023 | $11.00 | Market Perform | TD Cowen |
4 - COTY INC. (0001024305) (Issuer)
4 - COTY INC. (0001024305) (Issuer)
4 - COTY INC. (0001024305) (Issuer)
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8-K - COTY INC. (0001024305) (Filer)
8-K - COTY INC. (0001024305) (Filer)
8-K - COTY INC. (0001024305) (Filer)
In the preceding three months, 9 analysts have released ratings for Coty (NYSE:COTY), presenting a wide array of perspectives from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 1 3 0 0 Last 30D 0 1 0 0 0 1M Ago 1 0 2 0 0 2M Ago 0 0 0 0 0 3M Ago 4 0 1 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $13.56, a high estimate of $17.50, and a low estimate of $11.00. This current average has decreased by 8.07% from the previous ave
Piper Sandler analyst Korinne Wolfmeyer maintains Coty (NYSE:COTY) with a Overweight and lowers the price target from $15 to $13.
Citigroup analyst Filippo Falorni maintains Coty (NYSE:COTY) with a Neutral and lowers the price target from $12 to $11.
4 - COTY INC. (0001024305) (Issuer)
4 - COTY INC. (0001024305) (Issuer)
4 - COTY INC. (0001024305) (Issuer)
Tender Offer Increased to $300 Million and Fully Subscribed Tender Offer is a Continuation of Coty's Deleveraging Agenda Coty Inc. (NYSE:COTY) (PARIS:COTY) ("Coty" or the "Company") announced today the early results of its previously announced tender offer to purchase for cash up to $300,000,000 aggregate principal amount (the "Notes Cap") (reflecting a $50,000,000 increase from the previously announced cap of $250,000,000) of its outstanding 5.000% Senior Secured Notes due 2026 (the "Notes"). Such offer to purchase is referred to herein as the "Tender Offer." The Tender Offer is being made pursuant to the terms and conditions set forth in the Offer to Purchase, dated November 6, 2024 (
Concurrently Announces Full Redemption of 4.750% Senior Notes due 2026 Tender Offer and Redemption Continue Coty's Deleveraging Agenda Regulatory News: Coty Inc. (NYSE:COTY) (PARIS:COTY) ("Coty" or the "Company") today announced its offer to purchase for cash up to $250,000,000 aggregate principal amount (subject to increase) (the "Notes Cap") of its outstanding 5.000% Senior Secured Notes due 2026 (the "Notes"). Such offer to purchase is referred to herein as the "Tender Offer." Title of Security Security Identifiers Principal Amount Outstanding Tender Offer Consideration(1)(2) Early Tender Premium(1)(2) Total Consideration(1)(2)(3) 5.000% Senior Secured N
Q1 Sales Inline with Pre-Announcement, With 2% Reported and 4.5% LFL Growth Strong Gross Margin Expansion And Sustained Brand Investments Reiterated FY25 EBITDA Underpinned by Accelerating Actions to Adapt Coty for Future Success Regulatory News: Coty Inc. (NYSE:COTY) (PARIS:COTY) ("Coty" or "the Company") today announced its results for the first quarter of fiscal year 2025, ended September 30, 2024. The Company delivered continued sales and gross margin expansion in the first quarter, while continuing to invest behind its brands for the long term and execute across its strategic growth pillars. In 1Q25, Coty's net revenues grew 2% on a reported basis and included a 1% headwind from F
Coty (NYSE:COTY) (PARIS:COTY), one of the world's largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, skin and body care, has won this year's Euronext Best Listing Award in the Large Cap category, at the 12th edition of the Euronext Annual Conference held on March 19, 2024 in Paris. The award recognizes the success of Coty's global offering, the largest to date on Euronext Growth®. The secondary listing on Euronext Paris was a resounding success for the company, raising €339.2 million, making it the 47th listing on Euronext in 2023 and the 11th international listing. This success was driven by strong interest amongst top-tier European institutiona
Today, Coty (NYSE:COTY), one of the world's largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care, announced the appointment of Caroline Andreotti as its Chief Commercial Officer (CCO) for Prestige, effective April 1st, following Isabelle Bonfanti stepping down from the role after 2.5 years. Caroline, currently EVP global premium skincare, is a highly experienced and respected leader at Coty, with more than 20 years of experience across the beauty industry, 15 of which has been with Coty. She has deep expertise in the Asian market, having worked in the region through much of her career, and an outstanding track record in fragra
Today, Coty (NYSE:COTY), one of the world's largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care, announced the appointment of Lubomira Rochet to its Board of Directors, effective January 2, 2023. Lubomira Rochet is a Partner at JAB Holding Company and brings over twenty years of experience in business and digital transformation. She previously served as Chief Digital Officer and member of the Executive Committee at L'Oréal for seven years (2014-2021), where she transformed the cosmetics company to a "digital-first" business across 35 international beauty brands and 120 markets. Rochet's work and impact was recognized in 2019,
TD Cowen downgraded Coty from Buy to Hold and set a new price target of $8.50 from $11.00 previously
Barclays downgraded Coty from Equal Weight to Underweight and set a new price target of $7.00 from $8.00 previously
Deutsche Bank reiterated coverage of Coty with a rating of Buy and set a new price target of $12.00 from $14.00 previously
Q1 Sales Inline with Pre-Announcement, With 2% Reported and 4.5% LFL Growth Strong Gross Margin Expansion And Sustained Brand Investments Reiterated FY25 EBITDA Underpinned by Accelerating Actions to Adapt Coty for Future Success Regulatory News: Coty Inc. (NYSE:COTY) (PARIS:COTY) ("Coty" or "the Company") today announced its results for the first quarter of fiscal year 2025, ended September 30, 2024. The Company delivered continued sales and gross margin expansion in the first quarter, while continuing to invest behind its brands for the long term and execute across its strategic growth pillars. In 1Q25, Coty's net revenues grew 2% on a reported basis and included a 1% headwind from F
Strong Revenue Growth Across Prestige and Consumer Beauty in FY24 Solid Gross Margin Expansion Supported by Multi-Lever Strategy FY25 Guidance In-line with Medium-Term Targets, Including Expected Sequential Growth Improvement in Q1 and 1H25 Regulatory News: Coty Inc. (NYSE:COTY) (PARIS:COTY) ("Coty" or "the Company") today announced its results for the full fiscal year 2024 and the fourth quarter, ended June 30, 2024. The Company delivered its fourth year of results ahead of or in-line with expectations, while consistently executing across its strategic growth pillars. In FY24, total net revenues grew 10% on a reported and 11% on a LFL basis, at the upper end of Coty's FY24 guidan
Q3 Sales Exceed Expectations on Prestige Share Gains and Strength in Beauty Demand Continuing Expansion in Operating Income and Margin FY24 Outlook Raised to High End of Guidance Range Coty Inc. (NYSE:COTY) (PARIS:COTY) ("Coty" or "the Company") today announced its results for the third quarter of fiscal year 2024, ended March 31, 2024. The Company's strong above-market sales growth, reported and adjusted operating income growth, and reported and adjusted gross and operating margin expansion in Q3 solidifies nearly four years of Coty reporting results in-line to ahead of expectations. In 3Q24, Coty's net revenues grew 8% on a reported basis and 10% on a LFL basis, with reported and