JP Morgan Initiates Coverage On Coty Inc to Underweight with Price Target $16

JP Morgan Initiates Coverage On Coty Inc(COTY). In a research note issued to the investors, the brokerage major Announces the price-target to $16 per share. The shares have been rated Underweight. The rating by the stock financial advisor at JP Morgan was issued on Mar 21, 2017 in a research report to their Investors and Clients.

Coty Inc (COTY) made into the market gainers list on Fridays trading session with the shares advancing 0.44% or 0.08 points. Due to strong positive momentum, the stock ended at $18.47, which is also near the day’s high of $18.68. The stock began the session at $18.37 and the volume stood at 33,08,620 shares. The 52-week high of the shares is $31.6025 and the 52 week low is $17.94. The company has a current market capitalization of $13,799 M and it has 74,71,17,750 shares in outstanding.

Coty Inc(COTY) last announced its earnings results on Feb 9, 2017 for Fiscal Year 2017 and Q2.Company reported revenue of $2.297B. Analysts had an estimated revenue of $2.360B. Earnings per share were $0.3. Analysts had estimated an EPS of $0.34.

Several Insider Transactions has been reported to the SEC. On Mar 16, 2017, Greerson Greene Mcmullen (Chief Legal Officer) purchased 13,157 shares at $18.85 per share price.Also, On Mar 7, 2017, Sebastien Froidefond (Chief Human Resources Officer) purchased 32,300 shares at $18.50 per share price.On Feb 17, 2017, Camillo Pane (CEO) purchased 72,350 shares at $19.54 per share price, according to the Form-4 filing with the securities and exchange commission.

Coty Inc. is a beauty company. The Company manufactures and markets beauty products in the Fragrances Color Cosmetics and Skin & Body Care segments with distribution in over 130 countries and territories across both prestige and mass markets. Fragrances products include a variety of men’s and women’s products and include fashion designer celebrity and lifestyle brands. Color Cosmetics products include nail and other color cosmetics consisting of lip eye and other facial color products. Skin & Body Care products include shower gels deodorants skin care and sun treatment products. The Company’s top 10 brands include adidas Calvin Klein Chloe Davidoff Marc Jacobs OPI philosophy Playboy Rimmel and Sally Hansen.

Add Comment