Wells Fargo & Company Has Lowered Expectations for Coty (NYSE:COTY) Stock Price

Coty (NYSE:COTY - Get Free Report) had its price target lowered by equities research analysts at Wells Fargo & Company from $9.00 to $7.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Wells Fargo & Company's price target would indicate a potential upside of 0.57% from the company's previous close.

Other equities analysts also recently issued reports about the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $14.00 target price on shares of Coty in a research report on Tuesday, October 15th. TD Cowen cut shares of Coty from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $11.00 to $8.50 in a research note on Wednesday, November 13th. Barclays downgraded Coty from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $8.00 to $7.00 in a report on Thursday, November 7th. Raymond James lowered their price objective on Coty from $13.00 to $11.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a $14.00 target price on shares of Coty in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Coty has a consensus rating of "Moderate Buy" and an average price target of $11.29.

Coty Price Performance

NYSE COTY traded up $0.12 during trading on Tuesday, hitting $6.96. 3,444,840 shares of the company's stock were exchanged, compared to its average volume of 5,371,785. The stock's 50 day moving average price is $7.31 and its two-hundred day moving average price is $8.62. Coty has a fifty-two week low of $6.72 and a fifty-two week 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 company has a market cap of $6.05 billion, a PE ratio of 40.94, a P/E/G ratio of 0.75 and a beta of 1.89.

Coty (NYSE:COTY - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. Coty's revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 EPS. Research analysts expect that Coty will post 0.51 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in shares of Coty by 16.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company's stock worth $6,981,000 after buying an additional 107,014 shares in the last quarter. Tidal Investments LLC boosted its position in Coty by 26.6% in the third quarter. Tidal Investments LLC now owns 201,398 shares of the company's stock worth $1,891,000 after purchasing an additional 42,295 shares during the last quarter. Virtu Financial LLC bought a new position in Coty in the 3rd quarter valued at $96,000. Neo Ivy Capital Management purchased a new stake in shares of Coty during the 3rd quarter valued at $1,684,000. Finally, Barclays PLC increased its position in shares of Coty by 147.1% during the 3rd quarter. Barclays PLC now owns 1,165,806 shares of the company's stock valued at $10,947,000 after purchasing an additional 693,961 shares during the last quarter. 42.36% of the stock is currently owned by institutional investors and hedge funds.

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.