Royal Bank of Canada Cuts Coty (NYSE:COTY) Price Target to $12.00

Coty (NYSE:COTY) had its target price lowered by Royal Bank of Canada from $13.00 to $12.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the company. Canaccord Genuity Group restated a “hold” rating and set a $5.00 target price (down from $8.00) on shares of Coty in a report on Thursday. BNP Paribas downgraded shares of Coty from an “outperform” rating to a “neutral” rating and set a $5.65 target price on the stock. in a research note on Friday, April 11th. Barclays dropped their price target on shares of Coty from $5.00 to $4.50 and set an “underweight” rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. cut their price objective on Coty from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Evercore ISI decreased their price objective on shares of Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $7.80.

Coty Stock Down 3.1 %

Shares of COTY opened at $4.67 on Thursday. Coty has a 1 year low of $4.46 and a 1 year high of $11.41. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. The stock has a 50 day simple moving average of $5.22 and a two-hundred day simple moving average of $6.38. The firm has a market cap of $4.07 billion, a P/E ratio of -467.00, a P/E/G ratio of 0.81 and a beta of 1.90.

Coty (NYSE:COTY) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Coty had a net margin of 0.22% and a return on equity of 6.34%. Coty’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period last year, the company posted $0.05 EPS. On average, analysts forecast that Coty will post 0.39 earnings per share for the current fiscal year.

Institutional Trading of Coty

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC increased its holdings in shares of Coty by 147.1% in the 3rd quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock worth $10,947,000 after purchasing an additional 693,961 shares in the last quarter. Virtu Financial LLC bought a new stake in Coty in the 3rd quarter worth about $96,000. JPMorgan Chase & Co. raised its position in Coty by 16.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company’s stock worth $6,981,000 after buying an additional 107,014 shares during the last quarter. Oak Thistle LLC bought a new position in Coty during the 4th quarter valued at about $808,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Coty during the 4th quarter valued at about $267,000. 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.