JPMorgan Chase & Co. Cuts Coty (NYSE:COTY) Price Target to $6.00

Coty (NYSE:COTY - Get Free Report) had its price target decreased by investment analysts at JPMorgan Chase & Co. from $7.00 to $6.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 26.18% from the company's previous close.

A number of other brokerages have also issued reports on COTY. BNP Paribas lowered Coty from an "outperform" rating to a "neutral" rating and set a $5.65 target price on the stock. in a research report on Friday. Piper Sandler dropped their price objective on shares of Coty from $9.00 to $8.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Barclays dropped their target price on Coty from $6.00 to $5.00 and set an "underweight" rating on the stock in a research report on Thursday, March 27th. Wells Fargo & Company lowered their target price on Coty from $7.00 to $6.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. Finally, Evercore ISI decreased their price objective on shares of Coty from $15.00 to $10.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Coty presently has an average rating of "Hold" and a consensus target price of $8.58.

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Coty Trading Down 8.4 %

Shares of Coty stock traded down $0.44 during trading hours on Friday, reaching $4.76. The stock had a trading volume of 16,153,341 shares, compared to its average volume of 5,243,739. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85. Coty has a 1 year low of $4.61 and a 1 year high of $11.81. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of -475.50, a P/E/G ratio of 0.81 and a beta of 1.75. The firm has a 50 day simple moving average of $5.60 and a two-hundred day simple moving average of $6.85.

Coty (NYSE:COTY - Get Free Report) last issued its earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. As a group, equities research analysts anticipate that Coty will post 0.39 earnings per share for the current year.

Institutional Investors Weigh In On Coty

Several institutional investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC raised its holdings in shares of Coty by 317.0% during the 4th 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. GAMMA Investing LLC lifted its stake in shares of Coty by 140.2% in the first quarter. GAMMA Investing LLC now owns 5,506 shares of the company's stock worth $30,000 after buying an additional 3,214 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Coty by 145.0% during the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company's stock worth $42,000 after buying an additional 3,328 shares during the period. Blue Trust Inc. boosted its holdings in Coty by 124.8% during the fourth quarter. Blue Trust Inc. now owns 6,984 shares of the company's stock valued at $49,000 after acquiring an additional 3,877 shares during the period. Finally, Quadrant Capital Group LLC grew its position in shares of Coty by 55.3% in the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock valued at $51,000 after purchasing an additional 2,601 shares during the last quarter. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Coty Company Profile

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.