Coty (NYSE:COTY) Price Target Cut to $11.00

Coty (NYSE:COTYGet Free Report) had its price objective decreased by stock analysts at Citigroup from $12.00 to $11.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price objective would suggest a potential upside of 11.45% from the company’s previous close.

COTY has been the topic of several other reports. Bank of America dropped their price target on Coty from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday. Wells Fargo & Company reduced their target price on Coty from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday. DA Davidson cut their price target on Coty from $17.50 to $16.50 and set a “buy” rating for the company in a research note on Tuesday, May 7th. Piper Sandler lowered their price objective on Coty from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, TD Cowen decreased their price objective on Coty from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Coty currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.01.

Check Out Our Latest Analysis on COTY

Coty Stock Performance

NYSE:COTY opened at $9.87 on Wednesday. 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 has a fifty-two week low of $9.02 and a fifty-two week high of $13.46. The company has a fifty day moving average of $10.32 and a two-hundred day moving average of $11.39. The stock has a market capitalization of $8.57 billion, a PE ratio of 42.91, a P/E/G ratio of 3.43 and a beta of 1.91.

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

Hedge Funds Weigh In On Coty

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Coty by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 39,776,331 shares of the company’s stock worth $494,022,000 after purchasing an additional 494,639 shares during the period. Clearbridge Investments LLC increased its stake in shares of Coty by 0.9% during the fourth quarter. Clearbridge Investments LLC now owns 14,745,121 shares of the company’s stock worth $183,134,000 after purchasing an additional 136,292 shares during the period. FIL Ltd increased its stake in Coty by 10.6% during the 4th quarter. FIL Ltd now owns 14,345,501 shares of the company’s stock worth $178,171,000 after acquiring an additional 1,375,857 shares during the period. Dimensional Fund Advisors LP increased its stake in Coty by 9.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,130,447 shares of the company’s stock worth $100,985,000 after acquiring an additional 709,238 shares during the period. Finally, Norges Bank bought a new position in Coty during the 4th quarter worth $67,193,000. 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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