Coty (NYSE:COTY) Price Target Lowered to $8.00 at The Goldman Sachs Group

Coty (NYSE:COTY - Get Free Report) had its price objective cut by investment analysts at The Goldman Sachs Group from $9.00 to $8.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. The Goldman Sachs Group's price objective points to a potential upside of 43.24% from the stock's current price.

COTY has been the subject of several other reports. TD Cowen downgraded Coty from a "buy" rating to a "hold" rating and decreased their price objective for the company from $11.00 to $8.50 in a report on Wednesday, November 13th. Evercore ISI lowered their price target on shares of Coty from $15.00 to $10.00 and set an "outperform" rating on the stock in a research note on Wednesday. Barclays reduced their price objective on Coty from $7.00 to $6.00 and set an "underweight" rating for the company in a report on Friday, January 17th. DA Davidson reissued a "buy" rating and set a $12.50 price objective on shares of Coty in a research note on Thursday, February 6th. Finally, Raymond James lowered their price target on shares of Coty from $13.00 to $11.00 and set an "outperform" rating for the company in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Coty presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.17.

Coty Trading Down 2.9 %

Coty stock traded down $0.17 during trading on Wednesday, hitting $5.59. The company had a trading volume of 8,361,467 shares, compared to its average volume of 5,098,250. The company's 50 day simple moving average is $7.01 and its 200-day simple moving average is $8.01. Coty has a 1-year low of $5.55 and a 1-year high of $13.30. 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 stock has a market cap of $4.86 billion, a price-to-earnings 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 issued its quarterly earnings results on Monday, February 10th. The company reported $0.11 earnings per share 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, analysts expect that Coty will post 0.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Coty

Several hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC boosted its holdings in Coty by 317.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock valued at $29,000 after purchasing an additional 3,186 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Coty by 330.3% in the third quarter. Blue Trust Inc. now owns 3,107 shares of the company's stock valued at $31,000 after buying an additional 2,385 shares during the last quarter. Allworth Financial LP lifted its position in shares of Coty by 145.0% during the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company's stock worth $42,000 after purchasing an additional 3,328 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Coty by 55.3% in the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock valued at $51,000 after buying an additional 2,601 shares during the period. Finally, R Squared Ltd acquired a new position in Coty during the 4th quarter valued at about $54,000. Institutional investors 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.