Morgan Stanley maintains equal-weight stance on Coty, sees 25% upside potential

As per a Fintel report published on Monday, Morgan Stanley has maintained its Equal-Weight recommendation on Coty (NYSE:) Inc, projecting a one-year price target of $13.44, which suggests a potential 25.13% increase from its recent closing price.

According to InvestingPro’s real-time data, Coty Inc ‘s adjusted market cap stands at $9.57 billion with a P/E ratio of 19.3, which can be an indicator of the company’s current valuation.

The report also provided forecasts for Coty Inc’s annual revenue and non-GAAP EPS. It highlighted a positive fund sentiment towards the company, evidenced by increased institutional ownership.

Notable changes in portfolio allocation were observed among firms such as BNP Paribas (OTC:) Arbitrage, Credit Agricole (OTC:) S A, Banco Santander (BME:), Clearbridge Investments, and IJH – iShares Core S&P Mid-Cap ETF. InvestingPro’s data shows a promising revenue growth of 4.71% LTM2023.Q4, and an even more impressive quarterly growth of 15.69% for FY2023.Q4.

The company is known for its portfolio of renowned fragrance, cosmetic and skin care brands. Coty Inc’s gross profit margin stands at 63.88% LTM2023.Q4 (Last Twelve Months) according to InvestingPro’s metrics, highlighting the company’s ability to generate substantial profit after accounting for the costs of goods sold.

InvestingPro Tips also indicate that Coty’s stock price movements are quite volatile, which potential investors should take into account.

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