Coty (NYSE:COTY) Given New $6.00 Price Target at JPMorgan Chase & Co.

Coty (NYSE:COTY) had its target price reduced by equities research analysts at JPMorgan Chase & Co. from $7.00 to $6.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 19.40% from the stock’s current price.

A number of other research firms also recently commented on COTY. Morgan Stanley dropped their price objective on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Barclays cut their target price on Coty from $6.00 to $5.00 and set an “underweight” rating on the stock in a research note on Thursday, March 27th. Citigroup raised Coty from a “neutral” rating to a “buy” rating and increased their price target for the company from $7.00 to $8.00 in a research report on Thursday, March 20th. The Goldman Sachs Group reduced their price objective on shares of Coty from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $13.00 target price on shares of Coty in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $9.08.

Coty Stock Down 2.2 %

Coty stock traded down $0.12 during mid-day trading on Friday, hitting $5.03. 2,678,217 shares of the company’s stock were exchanged, compared to its average volume of 5,160,273. The stock has a 50 day moving average of $5.67 and a two-hundred day moving average of $6.93. Coty has a 1-year low of $4.61 and a 1-year high of $11.81. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85. The stock has a market cap of $4.38 billion, a P/E ratio of -502.50, a P/E/G ratio of 0.81 and a beta of 1.75.

Coty (NYSE:COTY) last issued its earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. As a group, analysts anticipate that Coty will post 0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Coty

Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp lifted its position in Coty by 2.3% during the third 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. JPMorgan Chase & Co. grew its position in Coty by 16.8% in the third quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company’s stock worth $6,981,000 after acquiring an additional 107,014 shares in the last quarter. Barclays PLC raised its holdings in Coty by 147.1% during the 3rd quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock valued at $10,947,000 after buying an additional 693,961 shares during the period. Amundi boosted its stake in shares of Coty by 1,990,624.9% during the 4th quarter. Amundi now owns 4,479,131 shares of the company’s stock worth $30,503,000 after purchasing an additional 4,478,906 shares during the period. Finally, TCW Group Inc. grew its stake in shares of Coty by 44.1% during the fourth quarter. TCW Group Inc. now owns 304,797 shares of the company’s stock valued at $2,121,000 after buying an additional 93,229 shares during the last quarter. 42.36% of the stock is currently owned by institutional investors.

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.