Coty (NYSE:COTY) Price Target Cut to $11.00 by Analysts at Wells Fargo & Company

Coty (NYSE:COTYFree Report) had its price target cut by Wells Fargo & Company from $12.00 to $11.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Other research analysts also recently issued research reports about the company. Citigroup cut their price target on Coty from $13.00 to $12.00 and set a neutral rating for the company in a research note on Tuesday, April 16th. Canaccord Genuity Group initiated coverage on Coty in a research note on Monday, April 15th. They set a buy rating and a $14.00 price target for the company. Barclays cut their target price on shares of Coty from $13.00 to $12.00 and set an equal weight rating for the company in a research note on Friday, April 12th. Canaccord Genuity Group initiated coverage on shares of Coty in a research note on Monday, April 15th. They issued a buy rating and a $14.00 target price for the company. Finally, TD Cowen cut their target price on shares of Coty from $16.00 to $13.00 and set a buy rating for the company in a research note on Wednesday, April 17th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Hold and an average price target of $13.14.

Read Our Latest Stock Report on COTY

Coty Price Performance

Shares of NYSE COTY opened at $9.87 on Wednesday. The firm has a market capitalization of $8.57 billion, a P/E ratio of 42.91, a PEG ratio of 3.43 and a beta of 1.91. Coty has a one year low of $9.02 and a one year high of $13.46. The company’s fifty day moving average is $10.32 and its two-hundred day moving average is $11.39. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.50 and a current ratio of 0.80.

Coty (NYSE:COTYGet Free Report) last issued its earnings results on Monday, May 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Coty had a return on equity of 8.75% and a net margin of 3.59%. Coty’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 earnings per share. Analysts forecast that Coty will post 0.44 EPS for the current fiscal year.

Institutional Trading of Coty

Institutional investors have recently modified their holdings of the company. Quent Capital LLC grew its holdings in shares of Coty by 1,448.8% during the 2nd quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock worth $52,000 after purchasing an additional 4,810 shares during the period. Fulton Bank N.A. purchased a new stake in shares of Coty during the 4th quarter worth about $131,000. EntryPoint Capital LLC grew its holdings in shares of Coty by 260.4% during the 1st quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock worth $139,000 after purchasing an additional 8,419 shares during the period. Norden Group LLC purchased a new stake in shares of Coty during the 1st quarter worth about $146,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of Coty during the 3rd quarter worth about $280,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

About Coty

(Get Free Report)

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.

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Analyst Recommendations for Coty (NYSE:COTY)

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