Piper Sandler Has Lowered Expectations for Coty (NYSE:COTY) Stock Price

Coty (NYSE:COTY) had its price target dropped by stock analysts at Piper Sandler from $9.00 to $8.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s target price suggests a potential upside of 34.79% from the company’s current price.

A number of other brokerages have also commented on COTY. DA Davidson restated a “buy” rating and set a $12.50 price target on shares of Coty in a research note on Thursday, February 6th. Barclays decreased their price target on shares of Coty from $7.00 to $6.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. Raymond James decreased their price target on shares of Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Stifel Nicolaus decreased their price target on shares of Coty from $8.50 to $8.00 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Finally, Canaccord Genuity Group reduced their target price on shares of Coty from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $9.89.

Coty Stock Down 0.9 %

Coty stock opened at $5.94 on Monday. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. Coty has a 12-month low of $5.42 and a 12-month high of $13.30. The firm’s fifty day moving average is $6.78 and its 200 day moving average is $7.84. The company has a market capitalization of $5.18 billion, a PE ratio of -593.50, a PEG ratio of 0.81 and a beta of 1.89.

Coty (NYSE:COTY) last announced its quarterly earnings results 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 predict that Coty will post 0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Coty

Institutional investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC grew its position in Coty by 317.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock valued at $29,000 after buying an additional 3,186 shares during the period. Blue Trust Inc. lifted its holdings in Coty by 330.3% during the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after purchasing an additional 2,385 shares during the last quarter. Allworth Financial LP lifted its holdings in Coty by 145.0% during the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock valued at $42,000 after purchasing an additional 3,328 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Coty by 55.3% during the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock valued at $51,000 after purchasing an additional 2,601 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in Coty during the fourth quarter valued at about $54,000. Institutional investors own 42.36% of the company’s stock.

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.