Coty (NYSE:COTY) Price Target Lowered to $8.00 at The Goldman Sachs Group

Coty (NYSE:COTY) had its price objective lowered by research analysts at The Goldman Sachs Group from $9.00 to $8.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target points to a potential upside of 37.81% from the company’s previous close.

A number of other research firms also recently commented on COTY. Stifel Nicolaus dropped their price objective on shares of Coty from $8.50 to $8.00 and set a “hold” rating for the company in a research note on Tuesday. DA Davidson reaffirmed a “buy” rating and set a $12.50 price target on shares of Coty in a research report on Thursday, February 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $13.00 price target on shares of Coty in a report on Wednesday. TD Cowen downgraded 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. Finally, Barclays cut their price objective on Coty from $7.00 to $6.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.17.

Coty Price Performance

Shares of Coty stock traded down $0.34 on Wednesday, hitting $5.81. The company’s stock had a trading volume of 3,621,181 shares, compared to its average volume of 5,901,462. The company has a market capitalization of $5.05 billion, a P/E ratio of 34.15, a price-to-earnings-growth ratio of 0.72 and a beta of 1.89. Coty has a 52-week low of $5.80 and a 52-week high of $13.30. The firm has a fifty day moving average price of $7.16 and a 200-day moving average price of $8.11. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93.

Coty (NYSE:COTY) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share (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%. On average, equities research analysts expect that Coty will post 0.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Compass Wealth Management LLC grew its position in Coty by 12.6% during the third quarter. Compass Wealth Management LLC now owns 590,725 shares of the company’s stock worth $5,547,000 after buying an additional 65,900 shares in the last quarter. Blue Trust Inc. increased its position in Coty by 330.3% in the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after acquiring an additional 2,385 shares in the last quarter. Raymond James & Associates raised its stake in shares of Coty by 13.2% in the third quarter. Raymond James & Associates now owns 348,560 shares of the company’s stock worth $3,273,000 after acquiring an additional 40,572 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Coty by 3.8% during the third quarter. State of Alaska Department of Revenue now owns 42,339 shares of the company’s stock worth $397,000 after purchasing an additional 1,545 shares in the last quarter. Finally, M&G PLC increased its stake in shares of Coty by 4.7% in the 3rd 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. 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.