Coty (NYSE:COTY) Given New $6.00 Price Target at Wells Fargo & Company

Coty (NYSE:COTY - Get Free Report) had its target price cut by equities researchers at Wells Fargo & Company from $7.00 to $6.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Wells Fargo & Company's target price would indicate a potential upside of 24.35% from the stock's current price.

Several other equities research analysts also recently weighed in on the stock. Citigroup raised shares of Coty from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $7.00 to $8.00 in a report on Thursday, March 20th. Stifel Nicolaus reduced their price target on shares of Coty from $8.50 to $8.00 and set a "hold" rating for the company in a research note on Tuesday, February 11th. 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. Royal Bank of Canada reissued an "outperform" rating and set a $13.00 target price on shares of Coty in a report on Wednesday, February 12th. Finally, Morgan Stanley decreased their price target on Coty from $9.00 to $7.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Coty currently has a consensus rating of "Moderate Buy" and an average price target of $9.55.

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Coty Stock Performance

COTY stock traded down $0.22 during mid-day trading on Wednesday, reaching $4.83. The company had a trading volume of 6,115,526 shares, compared to its average volume of 5,048,098. The stock's 50-day simple moving average is $5.95 and its two-hundred day simple moving average is $7.07. The stock has a market capitalization of $4.21 billion, a P/E ratio of -482.40, a P/E/G ratio of 0.81 and a beta of 1.75. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. Coty has a one year low of $4.72 and a one year high of $11.81.

Coty (NYSE:COTY - Get Free Report) last posted its earnings results on Monday, February 10th. The company reported $0.11 earnings per share (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%. Research analysts anticipate that Coty will post 0.39 EPS for the current year.

Institutional Investors Weigh In On Coty

Hedge funds and other institutional investors have recently bought and sold shares of the company. Moody National Bank Trust Division grew its position in Coty by 21.2% in the first quarter. Moody National Bank Trust Division now owns 67,729 shares of the company's stock valued at $370,000 after purchasing an additional 11,846 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Coty in the 4th quarter valued at about $84,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Coty by 14.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,211,687 shares of the company's stock valued at $8,433,000 after acquiring an additional 152,675 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in Coty during the fourth quarter worth about $7,930,000. Finally, Woodline Partners LP acquired a new position in Coty during the fourth quarter valued at approximately $4,723,000. Institutional investors and hedge funds own 42.36% of the company's stock.

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.