RBC Capital analyst Nik Modi maintained a Buy rating on Coty (NYSE:COTY) Inc on Friday, setting a price target of $9, which is approximately 2.51% above the present share price of $8.78.
Modi expects Coty Inc to post earnings per share (EPS) of -$0.36 for the first quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Coty, with an average price target of $7.83.
The analysts price targets range from a high of $10 to a low of $6.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $1.42 billion and a net profit of $128.3 million. The company's market cap is $6.73 billion.
According to TipRanks.com, RBC Capital analyst Nik Modi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 17.0% and a 77.06% success rate.
Coty, Inc. engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Consumer Beauty, Luxury, and Professional Beauty. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care, and mass fragrances. The Luxury segment comprises of prestige fragrances, premium skincare, and premium cosmetics. The Professional Beauty segment consists hair and nail care products for salon professionals. The company was founded by Francois Coty in 1904 and is headquartered in New York, NY.