Coty (NYSE:COTY - Get Free Report) had its target price decreased by investment analysts at Barclays from $6.00 to $5.00 in a research report issued on Thursday, MarketBeat.com reports. The firm currently has an "underweight" rating on the stock. Barclays's price target indicates a potential downside of 8.17% from the company's previous close.
A number of other brokerages also recently commented on COTY. Wells Fargo & Company reduced 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. Morgan Stanley reduced their target price on Coty from $9.00 to $7.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. Citigroup raised shares of Coty from a "neutral" rating to a "buy" rating and boosted their price target for the company from $7.00 to $8.00 in a report on Thursday, March 20th. Stifel Nicolaus reduced their price objective on shares of Coty from $8.50 to $8.00 and set a "hold" rating for the company in a report on Tuesday, February 11th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $13.00 target price on shares of Coty in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $9.61.
View Our Latest Research Report on Coty
Coty Stock Performance
COTY stock traded down $0.01 on Thursday, reaching $5.45. 1,898,329 shares of the company were exchanged, compared to its average volume of 4,997,043. The firm has a market capitalization of $4.75 billion, a PE ratio of -542.50, a PEG ratio of 0.81 and a beta of 1.97. Coty has a 12 month low of $5.35 and a 12 month high of $11.91. The stock's fifty day moving average price is $6.14 and its 200 day moving average price is $7.21. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45.
Coty (NYSE:COTY - Get Free Report) last posted its quarterly earnings data 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 6.34% and a net margin of 0.22%. On average, research analysts anticipate that Coty will post 0.39 EPS for the current fiscal year.
Hedge Funds Weigh In On Coty
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. lifted its position in Coty by 116.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 42,944 shares of the company's stock worth $403,000 after buying an additional 23,110 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Coty by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,901,380 shares of the company's stock worth $27,244,000 after acquiring an additional 14,075 shares during the last quarter. Citigroup Inc. lifted its position in shares of Coty by 10.8% during the third quarter. Citigroup Inc. now owns 569,441 shares of the company's stock worth $5,347,000 after purchasing an additional 55,581 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of Coty during the third quarter valued at approximately $109,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Coty by 199.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 45,642 shares of the company's stock valued at $429,000 after purchasing an additional 30,377 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company's stock.
About Coty
(
Get Free Report)
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.
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