Coty (NYSE:COTY) Price Target Cut to $11.00 by Analysts at Raymond James

Coty (NYSE:COTY - Free Report) had its price objective reduced by Raymond James from $13.00 to $11.00 in a research report report published on Friday,Benzinga reports. Raymond James currently has an outperform rating on the stock.

Several other research analysts have also issued reports on COTY. DA Davidson dropped their price target on shares of Coty from $17.00 to $14.50 and set a "buy" rating for the company in a research report on Wednesday, October 16th. Evercore ISI reaffirmed an "outperform" rating and issued a $15.00 price target on shares of Coty in a research note on Wednesday, August 21st. Piper Sandler dropped their price objective on Coty from $15.00 to $13.00 and set an "overweight" rating for the company in a research note on Thursday, July 11th. JPMorgan Chase & Co. reduced their target price on shares of Coty from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group dropped their target price on shares of Coty from $12.00 to $11.00 and set a "buy" rating for the company in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $11.97.

Coty Stock Performance

Coty stock traded down $0.08 during trading hours on Friday, hitting $7.17. The stock had a trading volume of 6,729,263 shares, compared to its average volume of 4,185,491. Coty has a fifty-two week low of $7.02 and a fifty-two week high of $13.30. The company has a market cap of $6.22 billion, a PE ratio of 42.15, a price-to-earnings-growth ratio of 1.09 and a beta of 1.91. The company has a 50-day moving average of $8.57 and a two-hundred day moving average of $9.60. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 0.96.

Coty (NYSE:COTY - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. Coty had a return on equity of 8.05% and a net margin of 1.46%. The firm's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the business earned $0.09 earnings per share. On average, equities research analysts anticipate that Coty will post 0.55 EPS for the current fiscal year.

Institutional Trading of Coty

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. M&G Plc raised its stake in shares of Coty by 41.4% during the second quarter. M&G Plc now owns 509,694 shares of the company's stock worth $5,097,000 after buying an additional 149,351 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Coty by 733.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company's stock worth $19,038,000 after purchasing an additional 1,671,897 shares during the last quarter. Compass Wealth Management LLC grew its stake in shares of Coty by 12.6% during the third quarter. Compass Wealth Management LLC now owns 590,725 shares of the company's stock worth $5,547,000 after purchasing an additional 65,900 shares during the period. Renaissance Technologies LLC increased its holdings in Coty by 40.2% in the second quarter. Renaissance Technologies LLC now owns 522,630 shares of the company's stock valued at $5,237,000 after purchasing an additional 149,900 shares during the last quarter. Finally, Savoir Faire Capital Management L.P. lifted its stake in Coty by 50.9% in the second quarter. Savoir Faire Capital Management L.P. now owns 440,607 shares of the company's stock valued at $4,415,000 after buying an additional 148,607 shares during the period. 42.36% of the stock is 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.