The Goldman Sachs Group Cuts Coty (NYSE:COTY) Price Target to $8.00

Coty (NYSE:COTY) had its price target decreased by The Goldman Sachs Group from $9.00 to $8.00 in a report issued on Wednesday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

A number of other equities research analysts have also recently weighed in on the stock. Jefferies Financial Group reduced their price target on shares of Coty from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Stifel Nicolaus decreased their target price on Coty from $8.50 to $8.00 and set a “hold” rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft cut their price target on Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. TD Cowen downgraded Coty from a “buy” rating to a “hold” rating and decreased their price objective for the company from $11.00 to $8.50 in a report on Wednesday, November 13th. Finally, Evercore ISI lowered their target price on shares of Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $10.17.

Coty Trading Down 2.9 %

COTY opened at $5.59 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. Coty has a one year low of $5.55 and a one year high of $13.30. The company has a market cap of $4.86 billion, a P/E ratio of 32.85, a PEG ratio of 0.72 and a beta of 1.89. The business’s 50-day simple moving average is $7.01 and its 200-day simple moving average is $8.02.

Coty (NYSE:COTY) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a net margin of 2.78% and a return on equity of 9.16%. As a group, equities research analysts expect that Coty will post 0.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Coty

A number of large investors have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV acquired a new position in Coty during the fourth quarter worth $89,000. Schonfeld Strategic Advisors LLC increased its holdings in shares of Coty by 1,102.9% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 321,179 shares of the company’s stock valued at $2,235,000 after purchasing an additional 294,479 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Coty by 402.9% in the fourth quarter. AQR Capital Management LLC now owns 729,559 shares of the company’s stock valued at $5,078,000 after purchasing an additional 584,498 shares during the period. Northern Trust Corp boosted its holdings in Coty by 18.5% during the fourth quarter. Northern Trust Corp now owns 3,064,551 shares of the company’s stock worth $21,329,000 after buying an additional 477,626 shares in the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in Coty during the fourth quarter worth about $161,000. 42.36% of the stock is owned by hedge funds and other institutional investors.

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.