Coty (NYSE:COTY) Given New $10.00 Price Target at Evercore ISI

Coty (NYSE:COTY) had its target price cut by Evercore ISI from $15.00 to $10.00 in a report released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other brokerages have also recently issued reports on COTY. Wells Fargo & Company decreased their price objective on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. DA Davidson reiterated a “buy” rating and issued a $12.50 price target on shares of Coty in a report on Thursday, February 6th. The Goldman Sachs Group assumed coverage on shares of Coty in a report on Friday, December 13th. They issued a “neutral” rating and a $9.00 price target for the company. Canaccord Genuity Group reduced their price target on shares of Coty from $10.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Jefferies Financial Group reduced their price target on shares of Coty from $12.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Coty presently has an average rating of “Moderate Buy” and a consensus target price of $10.17.

Coty Stock Down 7.5 %

Shares of NYSE COTY opened at $5.68 on Wednesday. The stock has a market cap of $4.94 billion, a P/E ratio of 33.41, a P/E/G ratio of 0.72 and a beta of 1.89. The firm has a 50 day moving average price of $7.13 and a 200 day moving average price of $8.08. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. Coty has a 52-week low of $5.67 and a 52-week high of $13.30.

Coty (NYSE:COTY) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a net margin of 2.78% and a return on equity of 9.16%. Analysts expect that Coty will post 0.51 EPS for the current year.

Institutional Trading of Coty

A number of large investors have recently added to or reduced their stakes in COTY. Steward Partners Investment Advisory LLC lifted its stake 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 acquiring an additional 3,186 shares during the last quarter. Blue Trust Inc. raised its position in shares of Coty by 330.3% in the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after purchasing an additional 2,385 shares during the period. Allworth Financial LP raised its position in shares of Coty by 145.0% in the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock valued at $42,000 after purchasing an additional 3,328 shares during the period. R Squared Ltd bought a new position in shares of Coty in the fourth quarter valued at about $54,000. Finally, US Bancorp DE raised its position in shares of Coty by 116.0% in the fourth quarter. US Bancorp DE now owns 9,473 shares of the company’s stock valued at $66,000 after purchasing an additional 5,088 shares during the period. Institutional investors and hedge funds 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.