Evercore ISI Cuts Coty (NYSE:COTY) Price Target to $10.00

Coty (NYSE:COTY - Free Report) had its target price trimmed by Evercore ISI from $15.00 to $10.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft reduced their target price on Coty from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Wednesday, October 16th. Morgan Stanley dropped their price objective on Coty from $9.00 to $7.00 and set an "equal weight" rating for the company in a research report on Wednesday. Wells Fargo & Company dropped their price objective on Coty from $9.00 to $7.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. Royal Bank of Canada restated an "outperform" rating and set a $14.00 price objective on shares of Coty in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. dropped their price objective on Coty from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $10.17.

Coty Stock Performance

NYSE COTY traded down $0.17 on Wednesday, reaching $5.59. The stock had a trading volume of 8,361,467 shares, compared to its average volume of 5,098,250. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. The firm has a fifty day moving average of $7.01 and a two-hundred day moving average of $8.02. Coty has a 1-year low of $5.55 and a 1-year high of $13.30. The company has a market cap of $4.86 billion, a P/E ratio of 32.85, a price-to-earnings-growth ratio of 0.72 and a beta of 1.89.

Coty (NYSE:COTY - Get Free Report) last released its earnings results on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 9.16% and a net margin of 2.78%. On average, equities research analysts anticipate that Coty will post 0.51 EPS for the current year.

Institutional Investors Weigh In On Coty

A number of hedge funds have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV purchased a new position in shares of Coty during the fourth quarter valued at approximately $89,000. Schonfeld Strategic Advisors LLC boosted its position in shares of Coty by 1,102.9% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 321,179 shares of the company's stock valued at $2,235,000 after buying an additional 294,479 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Coty by 402.9% during the fourth quarter. AQR Capital Management LLC now owns 729,559 shares of the company's stock valued at $5,078,000 after buying an additional 584,498 shares during the last quarter. Northern Trust Corp boosted its position in shares of Coty by 18.5% during the fourth quarter. Northern Trust Corp now owns 3,064,551 shares of the company's stock valued at $21,329,000 after buying an additional 477,626 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Coty during the fourth quarter valued at approximately $161,000. Institutional investors and hedge funds own 42.36% of the company's stock.

About Coty

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.