Stifel Nicolaus Lowers Coty (NYSE:COTY) Price Target to $8.00

Coty (NYSE:COTY) had its price target dropped by equities researchers at Stifel Nicolaus from $8.50 to $8.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 25.23% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. decreased their price target on Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Wells Fargo & Company reduced 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 report on Tuesday, January 7th. The Goldman Sachs Group initiated coverage on Coty in a research note on Friday, December 13th. They issued a “neutral” rating and a $9.00 price objective on the stock. TD Cowen downgraded Coty from a “buy” rating to a “hold” rating and dropped their price target for the stock from $11.00 to $8.50 in a research report on Wednesday, November 13th. Finally, Citigroup decreased their price objective on Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Coty currently has an average rating of “Moderate Buy” and a consensus target price of $11.12.

Coty Price Performance

COTY stock traded down $0.38 during mid-day trading on Tuesday, hitting $6.39. The company had a trading volume of 2,789,739 shares, compared to its average volume of 5,427,114. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 37.32, a P/E/G ratio of 0.72 and a beta of 1.89. The company has a 50-day moving average price of $7.17 and a 200 day moving average price of $8.13. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93. Coty has a 12-month low of $6.30 and a 12-month high of $13.30.

Coty (NYSE:COTY) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 9.16% and a net margin of 2.78%. On average, research analysts anticipate that Coty will post 0.51 earnings per share for the current year.

Hedge Funds Weigh In On Coty

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp increased its position in shares of Coty by 2.3% during the third quarter. State Street Corp now owns 11,043,208 shares of the company’s stock valued at $103,696,000 after acquiring an additional 251,964 shares during the last quarter. Barclays PLC increased its holdings in Coty by 147.1% in 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. JPMorgan Chase & Co. raised its position in Coty by 16.8% in the third quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company’s stock valued at $6,981,000 after purchasing an additional 107,014 shares during the period. Compass Wealth Management LLC lifted its stake in 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 in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Coty during the third quarter worth $3,681,000. 42.36% of the stock is currently owned by institutional investors and hedge funds.

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.