Raymond James Has Lowered Expectations for Coty (NYSE:COTY) Stock Price

Coty (NYSE:COTY) had its target price lowered by Raymond James from $13.00 to $11.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. JPMorgan Chase & Co. reduced their target price on Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Citigroup decreased their target price on Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. Jefferies Financial Group cut their price target on Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $14.00 price objective on shares of Coty in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $11.84.

Coty Trading Up 2.9 %

NYSE:COTY opened at $7.37 on Friday. Coty has a 1 year low of $7.02 and a 1 year high of $13.30. The stock has a market cap of $6.40 billion, a P/E ratio of 43.35, a P/E/G ratio of 1.07 and a beta of 1.91. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.46 and a current ratio of 0.85. The stock has a 50-day simple moving average of $8.57 and a 200-day simple moving average of $9.57.

Coty (NYSE:COTY) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Coty had a net margin of 2.78% and a return on equity of 9.16%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the company earned $0.09 earnings per share. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, analysts anticipate that Coty will post 0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coty

A number of large investors have recently bought and sold shares of COTY. Banco Santander S.A. boosted its holdings in shares of Coty by 0.3% in the second quarter. Banco Santander S.A. now owns 23,033,578 shares of the company’s stock valued at $230,796,000 after acquiring an additional 80,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Coty by 10.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock worth $94,068,000 after purchasing an additional 890,626 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Coty by 11.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock worth $60,566,000 after purchasing an additional 656,952 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Coty by 42.6% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock valued at $52,984,000 after purchasing an additional 1,687,045 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of Coty by 789.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company’s stock valued at $55,932,000 after purchasing an additional 4,954,362 shares in the last quarter. Hedge funds and other institutional investors own 42.36% of the company’s stock.

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.