Wells Fargo & Company Issues Pessimistic Forecast for Coty (NYSE:COTY) Stock Price

Coty (NYSE:COTY) had its price objective lowered by Wells Fargo & Company from $7.00 to $6.00 in a research note published on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other analysts have also recently weighed in on the stock. Piper Sandler cut their price objective on shares of Coty from $9.00 to $8.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $13.00 price target on shares of Coty in a research report on Wednesday, February 12th. Berenberg Bank started coverage on Coty in a report on Tuesday, March 25th. They issued a “buy” rating and a $7.50 price objective for the company. Citigroup upgraded shares of Coty from a “neutral” rating to a “buy” rating and upped their price target for the company from $7.00 to $8.00 in a research report on Thursday, March 20th. Finally, Stifel Nicolaus lowered their price objective on shares of Coty from $8.50 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.55.

Coty Price Performance

COTY stock opened at $5.03 on Wednesday. The business’s 50-day moving average is $5.95 and its two-hundred day moving average is $7.10. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. The firm has a market capitalization of $4.38 billion, a P/E ratio of -502.50, a P/E/G ratio of 0.81 and a beta of 1.97. Coty has a 1 year low of $4.77 and a 1 year high of $11.81.

Coty (NYSE:COTY) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. Analysts anticipate that Coty will post 0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coty

A number of institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC lifted its holdings in Coty by 317.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock valued at $29,000 after purchasing an additional 3,186 shares in the last quarter. Allworth Financial LP grew its holdings in Coty by 145.0% in 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 during the period. Blue Trust Inc. raised its stake in Coty by 124.8% during the fourth quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock worth $49,000 after purchasing an additional 3,877 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Coty by 55.3% in the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock valued at $51,000 after purchasing an additional 2,601 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Coty during the 4th quarter valued at $54,000. 42.36% of the stock is 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.