Deutsche Bank Aktiengesellschaft Cuts Coty (NYSE:COTY) Price Target to $4.00

Coty (NYSE:COTY) had its target price reduced by analysts at Deutsche Bank Aktiengesellschaft from $6.00 to $4.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 2.17% from the company’s previous close.

COTY has been the subject of a number of other reports. Evercore ISI reduced their target price on shares of Coty from $10.00 to $7.00 and set an “outperform” rating for the company in a research note on Thursday. Canaccord Genuity Group reissued a “hold” rating and set a $5.00 target price (down from $8.00) on shares of Coty in a research note on Thursday, May 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $12.00 target price on shares of Coty in a research note on Monday, August 18th. The Goldman Sachs Group decreased their price objective on shares of Coty from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Finally, Citigroup reiterated a “neutral” rating and issued a $4.25 price objective (down from $6.50) on shares of Coty in a report on Thursday. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Coty has an average rating of “Hold” and an average price target of $6.34.

Coty Trading Up 2.8%

Coty stock opened at $3.9150 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.77 and a debt-to-equity ratio of 1.06. The firm has a 50-day moving average price of $4.86 and a two-hundred day moving average price of $5.15. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of -8.90, a PEG ratio of 0.55 and a beta of 2.00. Coty has a 52-week low of $3.75 and a 52-week high of $10.09.

Coty (NYSE:COTY) last posted its earnings results on Wednesday, August 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.20 billion. Coty had a negative net margin of 6.24% and a positive return on equity of 5.18%. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.03) earnings per share. Sell-side analysts expect that Coty will post 0.39 earnings per share for the current year.

Institutional Trading of Coty

Several institutional investors and hedge funds have recently added to or reduced their stakes in COTY. GAMMA Investing LLC lifted its stake in Coty by 140.2% during the first quarter. GAMMA Investing LLC now owns 5,506 shares of the company’s stock valued at $30,000 after purchasing an additional 3,214 shares during the last quarter. UMB Bank n.a. lifted its stake in Coty by 137.1% during the second quarter. UMB Bank n.a. now owns 6,851 shares of the company’s stock valued at $32,000 after purchasing an additional 3,962 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Coty by 1,006.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 7,304 shares of the company’s stock valued at $40,000 after purchasing an additional 6,644 shares during the last quarter. Shay Capital LLC acquired a new stake in Coty during the second quarter valued at approximately $46,000. Finally, FORA Capital LLC acquired a new stake in Coty during the second quarter valued at approximately $47,000. 42.36% of the stock is owned by institutional investors and hedge funds.

About Coty

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.