Coty (NYSE:COTY) Stock Rating Lowered by BNP Paribas

Coty (NYSE:COTY) was downgraded by equities researchers at BNP Paribas from an “outperform” rating to a “neutral” rating in a research note issued to investors on Friday, Marketbeat.com reports. They currently have a $5.65 price target on the stock. BNP Paribas’ price objective would suggest a potential upside of 8.97% from the company’s previous close.

Several other equities research analysts have also recently issued reports on COTY. Canaccord Genuity Group decreased their price objective on shares of Coty from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Morgan Stanley lowered their price objective on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Evercore ISI cut their target price on Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Barclays lowered their price target on Coty from $6.00 to $5.00 and set an “underweight” rating for the company in a report on Thursday, March 27th. Finally, Berenberg Bank started coverage on shares of Coty in a report on Tuesday, March 25th. They set a “buy” rating and a $7.50 price objective on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.06.

Coty Price Performance

Shares of NYSE COTY opened at $5.19 on Friday. 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 company 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. The stock’s 50-day moving average is $5.63 and its two-hundred day moving average is $6.90. Coty has a 1-year low of $4.61 and a 1-year high of $11.81.

Coty (NYSE:COTY) last released its 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 return on equity of 6.34% and a net margin of 0.22%. Analysts forecast that Coty will post 0.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Coty

Several large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its stake in shares of Coty by 12.1% in the 4th quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company’s stock worth $140,691,000 after acquiring an additional 2,175,120 shares during the period. Dimensional Fund Advisors LP lifted its position in Coty by 13.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 13,318,685 shares of the company’s stock valued at $92,697,000 after purchasing an additional 1,569,315 shares during the period. State Street Corp boosted its holdings 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 purchasing an additional 251,964 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in Coty by 0.4% in the 4th quarter. Clearbridge Investments LLC now owns 9,824,638 shares of the company’s stock valued at $68,379,000 after purchasing an additional 37,412 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of Coty by 25.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock worth $56,354,000 after buying an additional 1,646,839 shares in the last quarter. Hedge funds and other institutional investors 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.