Barclays Cuts Coty (NYSE:COTY) Price Target to $5.00

Coty (NYSE:COTY) had its price objective cut by Barclays from $6.00 to $5.00 in a research note published on Thursday morning, MarketBeat Ratings reports. They currently have an underweight rating on the stock.

Several other research firms have also recently issued reports on COTY. Canaccord Genuity Group decreased their target price on shares of Coty from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Evercore ISI lowered their price objective on shares of Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Piper Sandler cut their target price on Coty from $9.00 to $8.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Morgan Stanley lowered their price target on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $13.00 price objective on shares of Coty in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.61.

Coty Stock Down 1.9 %

COTY stock opened at $5.45 on Thursday. The company has a 50 day moving average price of $6.14 and a two-hundred day moving average price of $7.22. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71. The stock has a market capitalization of $4.75 billion, a P/E ratio of -544.50, a PEG ratio of 0.81 and a beta of 1.97. Coty has a one year low of $5.35 and a one year high of $11.91.

Coty (NYSE:COTY) last announced its quarterly earnings data 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 net margin of 0.22% and a return on equity of 6.34%. As a group, sell-side analysts expect that Coty will post 0.39 EPS for the current year.

Institutional Trading of Coty

Hedge funds and other institutional investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. grew its stake in Coty by 116.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 42,944 shares of the company’s stock valued at $403,000 after purchasing an additional 23,110 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Coty by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,901,380 shares of the company’s stock worth $27,244,000 after buying an additional 14,075 shares in the last quarter. Citigroup Inc. grew its position in shares of Coty by 10.8% during the third quarter. Citigroup Inc. now owns 569,441 shares of the company’s stock worth $5,347,000 after buying an additional 55,581 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of Coty in the third quarter worth $109,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in Coty by 199.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 45,642 shares of the company’s stock valued at $429,000 after acquiring an additional 30,377 shares in the last quarter. 42.36% of the stock is owned by hedge funds and other 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.