Morgan Stanley Issues Pessimistic Forecast for Coty (NYSE:COTY) Stock Price

Coty (NYSE:COTY - Free Report) had its price target decreased by Morgan Stanley from $9.00 to $7.00 in a report published on Wednesday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other equities analysts have also issued reports on the company. TD Cowen lowered Coty from a "buy" rating to a "hold" rating and lowered their price target for the stock from $11.00 to $8.50 in a research report on Wednesday, November 13th. Raymond James reduced their price objective on Coty from $13.00 to $11.00 and set an "outperform" rating for the company in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on Coty from $14.00 to $12.00 and set a "buy" rating for the company in a report on Wednesday, October 16th. The Goldman Sachs Group assumed coverage on Coty in a report on Friday, December 13th. They issued a "neutral" rating and a $9.00 price objective for the company. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $14.00 price objective on shares of Coty in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Coty currently has an average rating of "Moderate Buy" and a consensus target price of $10.17.

Coty Stock Down 2.9 %

Coty stock traded down $0.17 on Wednesday, hitting $5.59. 8,361,467 shares of the stock traded hands, compared to its average volume of 5,098,250. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. The firm 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. The business's fifty day simple moving average is $7.01 and its 200 day simple moving average is $8.02. Coty has a 1 year low of $5.55 and a 1 year high of $13.30.

Coty (NYSE:COTY - Get Free Report) last posted its quarterly 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%. As a group, sell-side analysts forecast that Coty will post 0.51 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in COTY. Norges Bank bought a new position in shares of Coty during the 4th quarter valued at approximately $44,401,000. Amundi grew its stake in shares of Coty by 1,990,624.9% during the 4th quarter. Amundi now owns 4,479,131 shares of the company's stock valued at $30,503,000 after acquiring an additional 4,478,906 shares during the period. Caisse Des Depots ET Consignations bought a new position in shares of Coty during the 4th quarter valued at approximately $19,663,000. Vaughan Nelson Investment Management L.P. grew its stake in shares of Coty by 42.6% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company's stock valued at $52,984,000 after acquiring an additional 1,687,045 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in shares of Coty by 25.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company's stock valued at $56,354,000 after acquiring an additional 1,646,839 shares during the period. 42.36% of the stock is currently owned by institutional investors.

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.