Coty (NYSE:COTY) Price Target Cut to $6.00 by Analysts at Barclays

Coty (NYSE:COTY) had its target price cut by Barclays from $7.00 to $6.00 in a research report report published on Friday morning,Benzinga reports. They currently have an underweight rating on the stock.

Several other research analysts have also issued reports on COTY. Jefferies Financial Group decreased their target price on Coty from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Royal Bank of Canada restated an “outperform” rating and set a $14.00 target price on shares of Coty in a report on Tuesday, October 15th. The Goldman Sachs Group assumed coverage on shares of Coty in a research note on Friday, December 13th. They issued a “neutral” rating and a $9.00 price target for the company. Stifel Nicolaus dropped their price objective on shares of Coty from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Tuesday, October 15th. Finally, Citigroup decreased their target price on shares of Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.24.

Coty Stock Performance

NYSE:COTY opened at $7.15 on Friday. 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’s fifty day simple moving average is $7.21 and its 200 day simple moving average is $8.44. The stock has a market cap of $6.22 billion, a P/E ratio of 42.04, a price-to-earnings-growth ratio of 0.67 and a beta of 1.89. Coty has a twelve month low of $6.59 and a twelve month high of $13.30.

Coty (NYSE:COTY) last announced its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Coty had a net margin of 2.78% and a return on equity of 9.16%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the firm posted $0.09 EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, research analysts predict that Coty will post 0.51 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Choreo LLC purchased a new stake in Coty during the 2nd quarter valued at $225,000. American Century Companies Inc. increased its position in Coty by 10.6% during the second quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock valued at $148,000 after acquiring an additional 1,414 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Coty by 27.5% during the second quarter. Envestnet Asset Management Inc. now owns 331,404 shares of the company’s stock valued at $3,321,000 after acquiring an additional 71,534 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Coty by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock worth $94,068,000 after purchasing an additional 890,626 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Coty by 40.2% in the second quarter. Renaissance Technologies LLC now owns 522,630 shares of the company’s stock worth $5,237,000 after purchasing an additional 149,900 shares during the last quarter. 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.