Coty (NYSE:COTY) Price Target Cut to $8.00 by Analysts at Stifel Nicolaus

Coty (NYSE:COTY) had its price target decreased by Stifel Nicolaus from $8.50 to $8.00 in a research report released on Tuesday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

Several other equities research analysts have also weighed in on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $14.00 target price on shares of Coty in a report on Tuesday, October 15th. DA Davidson reaffirmed a “buy” rating and set a $12.50 price objective on shares of Coty in a research note on Thursday, February 6th. TD Cowen lowered shares of Coty from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $11.00 to $8.50 in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft reduced their target price on Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Finally, Barclays dropped their price target on Coty from $7.00 to $6.00 and set an “underweight” rating for the company in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $11.12.

Coty Stock Performance

NYSE:COTY opened at $6.17 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average price of $7.16 and a 200 day moving average price of $8.11. The firm has a market capitalization of $5.37 billion, a PE ratio of 36.29, a price-to-earnings-growth ratio of 0.72 and a beta of 1.89. Coty has a 12-month low of $6.13 and a 12-month high of $13.30.

Coty (NYSE:COTY) last posted its 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 9.16% and a net margin of 2.78%. Research analysts anticipate that Coty will post 0.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coty

A number of institutional investors and hedge funds have recently modified their holdings of the business. Compass Wealth Management LLC grew its holdings in Coty by 12.6% during the 3rd quarter. Compass Wealth Management LLC now owns 590,725 shares of the company’s stock worth $5,547,000 after acquiring an additional 65,900 shares during the period. Blue Trust Inc. grew its stake in shares of Coty by 330.3% during the third 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. Raymond James & Associates increased its holdings in Coty by 13.2% in the third quarter. Raymond James & Associates now owns 348,560 shares of the company’s stock valued at $3,273,000 after purchasing an additional 40,572 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Coty by 3.8% in the third quarter. State of Alaska Department of Revenue now owns 42,339 shares of the company’s stock valued at $397,000 after purchasing an additional 1,545 shares during the last quarter. Finally, M&G PLC lifted its stake in Coty by 4.7% in the third quarter. M&G PLC now owns 533,731 shares of the company’s stock valued at $4,804,000 after buying an additional 24,037 shares during the period. 42.36% of the stock is owned by 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.