Coty (NYSE:COTY) Price Target Cut to $5.00 by Analysts at Barclays

Coty (NYSE:COTY) had its price target cut by Barclays from $6.00 to $5.00 in a research report released on Thursday, MarketBeat.com reports. They currently have an underweight rating on the stock.

A number of other equities analysts have also recently issued reports on COTY. Evercore ISI cut their price objective on Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. DA Davidson reiterated a “buy” rating and set a $12.50 price target on shares of Coty in a research report on Thursday, February 6th. Royal Bank of Canada reissued an “outperform” rating and set a $13.00 price target on shares of Coty in a research note on Wednesday, February 12th. Canaccord Genuity Group cut their price objective on shares of Coty from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Finally, Citigroup upgraded shares of Coty from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $7.00 to $8.00 in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.61.

Coty Trading Up 1.4 %

Shares of Coty stock opened at $5.54 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. Coty has a 1 year low of $5.35 and a 1 year high of $11.99. The firm has a market cap of $4.83 billion, a PE ratio of -553.80, a PEG ratio of 0.81 and a beta of 1.97. The company has a 50 day simple moving average of $6.18 and a two-hundred day simple moving average of $7.25.

Coty (NYSE:COTY) last posted its quarterly earnings data 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 return on equity of 6.34% and a net margin of 0.22%. Analysts expect that Coty will post 0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coty

Several institutional investors and hedge funds have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC raised its stake in Coty by 317.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock worth $29,000 after buying an additional 3,186 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Coty by 145.0% during the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock valued at $42,000 after purchasing an additional 3,328 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Coty by 124.8% during the fourth quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock valued at $49,000 after buying an additional 3,877 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Coty by 55.3% in the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock worth $51,000 after buying an additional 2,601 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Coty in the 4th quarter worth about $54,000. 42.36% of the stock is owned by hedge funds and other institutional investors.

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.