Coty (NYSE:COTY) Downgraded to Neutral Rating by BNP Paribas

BNP Paribas downgraded shares of Coty (NYSE:COTY) from an outperform rating to a neutral rating in a research note issued to investors on Friday morning, MarketBeat reports. BNP Paribas currently has $5.65 price target on the stock.

A number of other research analysts have also weighed in on the company. Morgan Stanley dropped their price objective on Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Citigroup upgraded shares of Coty from a “neutral” rating to a “buy” rating and increased their price target for the company from $7.00 to $8.00 in a report on Thursday, March 20th. Piper Sandler decreased 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. DA Davidson restated a “buy” rating and set a $12.50 target price on shares of Coty in a research report on Thursday, February 6th. Finally, Evercore ISI reduced their price target on shares of Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.06.

Coty Trading Up 0.9 %

Shares of Coty stock opened at $5.19 on Friday. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of -518.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75. Coty has a 52-week low of $4.61 and a 52-week high of $11.81. The company’s 50-day simple moving average is $5.63 and its 200-day simple moving average is $6.88. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85.

Coty (NYSE:COTY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. As a group, equities research analysts anticipate that Coty will post 0.39 earnings per share for the current year.

Institutional Investors Weigh In On Coty

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