Wells Fargo & Company Issues Pessimistic Forecast for Coty (NYSE:COTY) Stock Price

Coty (NYSE:COTY) had its target price lowered by Wells Fargo & Company from $7.00 to $6.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 8.40% from the company’s previous close.

Several other brokerages have also recently issued reports on COTY. Stifel Nicolaus reduced their price target on shares of Coty from $8.50 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Royal Bank of Canada reissued an “outperform” rating and issued a $13.00 price target on shares of Coty in a research report on Wednesday, February 12th. DA Davidson reaffirmed a “buy” rating and set a $12.50 price objective on shares of Coty in a research report on Thursday, February 6th. The Goldman Sachs Group decreased their target price on Coty from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Finally, Barclays cut their price target on Coty from $6.00 to $5.00 and set an “underweight” rating on the stock in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.55.

Coty Trading Up 0.3 %

Shares of Coty stock traded up $0.02 on Wednesday, reaching $5.54. The company had a trading volume of 508,700 shares, compared to its average volume of 6,802,920. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71. The firm has a market cap of $4.83 billion, a PE ratio of -553.50, a PEG ratio of 0.81 and a beta of 1.97. The firm’s 50 day moving average price is $6.07 and its two-hundred day moving average price is $7.16. Coty has a 52-week low of $5.35 and a 52-week high of $11.81.

Coty (NYSE:COTY) last released its quarterly 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 6.34% and a net margin of 0.22%. Sell-side analysts predict that Coty will post 0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coty

Hedge funds have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC increased its holdings in Coty by 317.0% in 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 last quarter. Allworth Financial LP raised its holdings in shares of Coty by 145.0% during the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after purchasing an additional 3,328 shares during the period. Blue Trust Inc. lifted its position in shares of Coty by 124.8% in the 4th quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock worth $49,000 after buying an additional 3,877 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Coty by 55.3% in the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock valued at $51,000 after buying an additional 2,601 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Coty during the 4th quarter valued at about $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.