Evercore ISI Cuts Coty (NYSE:COTY) Price Target to $10.00

Coty (NYSE:COTY) had its target price dropped by stock analysts at Evercore ISI from $15.00 to $10.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Evercore ISI’s target price indicates a potential upside of 62.10% from the company’s current price.

A number of other equities analysts have also recently issued reports on the company. DA Davidson reiterated a “buy” rating and set a $12.50 target price on shares of Coty in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on Coty from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Canaccord Genuity Group dropped their target price on Coty from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday. Barclays cut their target price on Coty from $7.00 to $6.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $14.00 price target on shares of Coty in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $10.28.

Coty Price Performance

Shares of COTY opened at $6.17 on Wednesday. The stock has a 50 day simple moving average of $7.16 and a 200 day simple moving average of $8.11. Coty has a 52-week low of $6.13 and a 52-week high of $13.30. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. The firm has a market capitalization of $5.37 billion, a PE ratio of 36.29, a P/E/G ratio of 0.72 and a beta of 1.89.

Coty (NYSE:COTY) last announced its quarterly earnings results 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 2.78% and a return on equity of 9.16%. Sell-side analysts predict that Coty will post 0.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Coty

Institutional investors have recently bought and sold shares of the business. Banco Santander S.A. increased its holdings in shares of Coty by 0.3% in the third quarter. Banco Santander S.A. now owns 23,112,758 shares of the company’s stock valued at $217,029,000 after purchasing an additional 79,180 shares during the last quarter. State Street Corp grew its stake in Coty by 2.3% in the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company’s stock valued at $103,696,000 after buying an additional 251,964 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Coty by 25.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock valued at $56,354,000 after acquiring an additional 1,646,839 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in Coty by 5.1% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 5,929,663 shares of the company’s stock worth $41,270,000 after acquiring an additional 287,061 shares during the last quarter. Finally, Amundi boosted its holdings in shares of Coty by 1,990,624.9% during the fourth quarter. Amundi now owns 4,479,131 shares of the company’s stock worth $30,503,000 after acquiring an additional 4,478,906 shares during the period. Institutional investors and hedge funds own 42.36% of the company’s stock.

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.