Coty (NYSE:COTY) Given New $8.00 Price Target at Piper Sandler

Coty (NYSE:COTY - Get Free Report) had its price target reduced by analysts at Piper Sandler from $9.00 to $8.00 in a research note issued on Monday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Piper Sandler's price target would suggest a potential upside of 39.98% from the stock's current price.

A number of other equities research analysts have also recently commented on COTY. DA Davidson reaffirmed a "buy" rating and set a $12.50 price objective on shares of Coty in a research note on Thursday, February 6th. Wells Fargo & Company dropped their price target on shares of Coty from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. TD Cowen downgraded shares of Coty from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $11.00 to $8.50 in a research report on Wednesday, November 13th. Morgan Stanley lowered their target price on shares of Coty from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Finally, Evercore ISI cut their price target on Coty from $15.00 to $10.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $9.89.

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Coty Stock Performance

NYSE:COTY traded down $0.06 during mid-day trading on Monday, hitting $5.72. The company's stock had a trading volume of 8,497,445 shares, compared to its average volume of 7,287,780. The business's fifty day moving average is $6.73 and its two-hundred day moving average is $7.80. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of -571.50, a PEG ratio of 0.81 and a beta of 1.89. 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 has a 1 year low of $5.42 and a 1 year high of $13.21.

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 return on equity of 6.34% and a net margin of 0.22%. Analysts anticipate that Coty will post 0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of COTY. Norges Bank acquired a new stake in shares of Coty in the fourth quarter valued at approximately $44,401,000. Amundi grew its holdings in Coty by 1,990,624.9% in the 4th quarter. Amundi now owns 4,479,131 shares of the company's stock valued at $30,503,000 after buying an additional 4,478,906 shares in the last quarter. Man Group plc acquired a new stake in shares of Coty in the 4th quarter worth $28,473,000. Caisse Des Depots ET Consignations purchased a new position in shares of Coty during the 4th quarter worth $19,663,000. Finally, Ameriprise Financial Inc. boosted its position in shares of Coty by 12.1% during the 4th quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company's stock valued at $140,691,000 after acquiring an additional 2,175,120 shares during the last quarter. 42.36% of the stock is owned by hedge funds and other institutional investors.

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.