Barclays Cuts Coty (NYSE:COTY) Price Target to $6.00

Coty (NYSE:COTY) had its target price decreased by Barclays from $7.00 to $6.00 in a report issued on Friday,Benzinga reports. Barclays currently has an underweight rating on the stock.

A number of other equities analysts have also commented on the stock. TD Cowen lowered shares of Coty from a “buy” rating to a “hold” rating and cut their price objective for the stock from $11.00 to $8.50 in a report on Wednesday, November 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $14.00 price target on shares of Coty in a research note on Tuesday, October 15th. Citigroup lowered their price objective on Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. Jefferies Financial Group cut their target price 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, JPMorgan Chase & Co. decreased their price target on shares of Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a research 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 issued a buy rating to the company’s stock. According to data from MarketBeat, Coty has an average rating of “Moderate Buy” and an average price target of $11.24.

Coty Price Performance

COTY opened at $7.15 on Friday. The company has a 50 day moving average of $7.21 and a two-hundred day moving average of $8.42. Coty has a 52-week low of $6.59 and a 52-week high of $13.30. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93. The company has a market cap of $6.22 billion, a P/E ratio of 42.04, a P/E/G ratio of 0.67 and a beta of 1.89.

Coty (NYSE:COTY) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Coty had a return on equity of 9.16% and a net margin of 2.78%. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the company posted $0.09 earnings per share. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts expect that Coty will post 0.51 earnings per share for the current year.

Institutional Trading of Coty

Several institutional investors have recently made changes to their positions in COTY. Blue Trust Inc. increased its stake in shares of Coty by 330.3% in the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after acquiring an additional 2,385 shares during the last quarter. Virtu Financial LLC purchased a new position in Coty in the third quarter valued at about $96,000. Capstone Investment Advisors LLC acquired a new position in Coty in the 3rd quarter worth about $109,000. Quadrature Capital Ltd purchased a new stake in shares of Coty during the 3rd quarter worth about $124,000. Finally, American Century Companies Inc. lifted its holdings in shares of Coty by 10.6% during the 2nd quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock valued at $148,000 after buying an additional 1,414 shares during the last quarter. 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.