Stifel Nicolaus Lowers Coty (NYSE:COTY) Price Target to $6.50

Coty (NYSE:COTY) had its price objective reduced by equities research analysts at Stifel Nicolaus from $8.00 to $6.50 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 25.36% from the stock’s current price.

Several other equities research analysts also recently commented on the company. Barclays reduced their target price on Coty from $6.00 to $5.00 and set an “underweight” rating for the company in a report on Thursday, March 27th. Berenberg Bank started coverage on shares of Coty in a research note on Tuesday, March 25th. They set a “buy” rating and a $7.50 price objective for the company. DA Davidson reissued a “buy” rating and issued a $12.50 target price on shares of Coty in a research report on Thursday, February 6th. 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 research report on Wednesday, February 12th. Finally, Piper Sandler decreased their price objective on shares of Coty from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. One equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.06.

Coty Stock Performance

Shares of COTY opened at $5.19 on Thursday. Coty has a 12-month low of $4.61 and a 12-month high of $11.81. The stock has a market capitalization of $4.52 billion, a P/E ratio of -518.50, a P/E/G ratio of 0.81 and a beta of 1.75. The firm’s 50 day moving average is $5.63 and its 200-day moving average is $6.90. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45.

Coty (NYSE:COTY) last posted its quarterly earnings results 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 net margin of 0.22% and a return on equity of 6.34%. Equities research analysts anticipate that Coty will post 0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of COTY. Norges Bank acquired a new stake in shares of Coty in the 4th quarter valued at $44,401,000. Amundi lifted its position in shares of Coty by 1,990,624.9% in the fourth quarter. Amundi now owns 4,479,131 shares of the company’s stock worth $30,503,000 after buying an additional 4,478,906 shares during the last quarter. Man Group plc bought a new stake in shares of Coty during the 4th quarter worth about $28,473,000. Caisse Des Depots ET Consignations acquired a new position in shares of Coty during the 4th quarter valued at about $19,663,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Coty by 12.1% in the 4th quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company’s stock valued at $140,691,000 after acquiring an additional 2,175,120 shares in the last quarter. 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.