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

Coty (NYSE:COTY) had its price objective lowered by Raymond James from $13.00 to $11.00 in a research note released on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. decreased their price target on shares of Coty from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Canaccord Genuity Group reiterated a “buy” rating and issued a $14.00 price target on shares of Coty in a report on Tuesday, October 15th. Evercore ISI restated an “outperform” rating and set a $15.00 price objective on shares of Coty in a report on Wednesday, August 21st. Finally, Stifel Nicolaus lowered their price objective on Coty from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $11.84.

Coty Price Performance

COTY stock opened at $7.37 on Friday. The stock’s 50 day moving average price is $8.57 and its 200 day moving average price is $9.57. The firm has a market cap of $6.40 billion, a P/E ratio of 43.35, a PEG 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. Coty has a 1 year low of $7.02 and a 1 year high of $13.30.

Coty (NYSE:COTY) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.04). The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 earnings per share. On average, sell-side analysts expect that Coty will post 0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coty

Several large investors have recently made changes to their positions in the business. Blue Trust Inc. boosted its position in Coty by 330.3% during the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after purchasing an additional 2,385 shares during the period. Quent Capital LLC raised its holdings in shares of Coty by 1,448.8% during the 2nd quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock valued at $52,000 after buying an additional 4,810 shares during the period. WealthShield Partners LLC acquired a new position in Coty during the 2nd quarter worth approximately $100,000. Fifth Third Wealth Advisors LLC purchased a new position in Coty in the 2nd quarter worth approximately $107,000. Finally, Envestnet Portfolio Solutions Inc. grew its position in Coty by 9.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock valued at $124,000 after acquiring an additional 1,104 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

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.