Barclays Cuts Coty (NYSE:COTY) Price Target to $4.50

Coty (NYSE:COTY) had its price objective cut by Barclays from $5.00 to $4.50 in a research note published on Friday,Benzinga reports. They currently have an underweight rating on the stock.

Several other brokerages have also recently issued reports on COTY. Berenberg Bank initiated coverage on shares of Coty in a report on Tuesday, March 25th. They issued a “buy” rating and a $7.50 target price for the company. Citigroup upgraded shares of Coty from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $7.00 to $8.00 in a report on Thursday, March 20th. The Goldman Sachs Group lowered their price objective on Coty from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. DA Davidson reissued a “buy” rating and issued a $12.50 target price on shares of Coty in a report on Thursday, February 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $13.00 price target on shares of Coty in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.06.

Coty Stock Performance

Coty stock opened at $5.19 on Friday. The stock’s 50 day moving average is $5.63 and its 200 day moving average is $6.90. The company has a market capitalization of $4.52 billion, a P/E ratio of -518.50, a PEG ratio of 0.81 and a beta of 1.75. Coty has a twelve month low of $4.61 and a twelve month high of $11.81. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85.

Coty (NYSE:COTY) last released 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 return on equity of 6.34% and a net margin of 0.22%. On average, equities research 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 business. Steward Partners Investment Advisory LLC lifted its position in Coty by 317.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock valued at $29,000 after purchasing an additional 3,186 shares in the last quarter. Allworth Financial LP raised its stake in shares of Coty by 145.0% in the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after buying an additional 3,328 shares during the period. Blue Trust Inc. lifted its position in shares of Coty by 124.8% during the 4th quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock valued at $49,000 after buying an additional 3,877 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Coty by 55.3% during the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock valued at $51,000 after acquiring an additional 2,601 shares during the period. Finally, R Squared Ltd purchased a new stake in Coty in the 4th quarter worth approximately $54,000. 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.