Coty (NYSE:COTY) Given New $4.00 Price Target at Deutsche Bank Aktiengesellschaft

Coty (NYSE:COTY) had its price objective cut by Deutsche Bank Aktiengesellschaft from $6.00 to $4.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their target price on shares of Coty from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. Evercore ISI reduced their target price on shares of Coty from $10.00 to $7.00 and set an “outperform” rating for the company in a research report on Thursday. Citigroup reissued a “neutral” rating and issued a $4.25 target price (down previously from $6.50) on shares of Coty in a research report on Thursday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $12.00 price target on shares of Coty in a research note on Monday. Finally, The Goldman Sachs Group dropped their price target on Coty from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.73.

Coty Price Performance

Shares of COTY opened at $3.8090 on Thursday. The company has a market cap of $3.32 billion, a price-to-earnings ratio of -8.66, a PEG ratio of 0.68 and a beta of 2.00. Coty has a 1-year low of $3.75 and a 1-year high of $10.30. The company’s fifty day simple moving average is $4.88 and its 200 day simple moving average is $5.17. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 1.03.

Coty (NYSE:COTY) last released its quarterly earnings data on Wednesday, August 20th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). Coty had a negative net margin of 6.24% and a positive return on equity of 5.10%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. Coty’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, research analysts forecast that Coty will post 0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Coty by 140.2% in the first quarter. GAMMA Investing LLC now owns 5,506 shares of the company’s stock valued at $30,000 after buying an additional 3,214 shares during the period. UMB Bank n.a. increased its stake in shares of Coty by 137.1% in the second quarter. UMB Bank n.a. now owns 6,851 shares of the company’s stock valued at $32,000 after buying an additional 3,962 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of Coty by 1,006.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 7,304 shares of the company’s stock valued at $40,000 after buying an additional 6,644 shares during the period. Shay Capital LLC bought a new stake in Coty in the second quarter valued at approximately $46,000. Finally, FORA Capital LLC bought a new stake in Coty in the second quarter valued at approximately $47,000. Institutional investors and hedge funds own 42.36% of the company’s stock.

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.