Coty (NYSE:COTY) Given New $7.00 Price Target at Evercore ISI

Coty (NYSE:COTY) had its target price reduced by Evercore ISI from $10.00 to $7.00 in a research note released on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other analysts have also issued reports about the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $12.00 price target on shares of Coty in a research note on Monday. Citigroup cut their target price on shares of Coty from $8.00 to $6.50 and set a “buy” rating for the company in a research report on Thursday, May 8th. The Goldman Sachs Group cut their target price on shares of Coty from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. JPMorgan Chase & Co. cut 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. Finally, Canaccord Genuity Group restated a “hold” rating and set a $5.00 target price (down from $8.00) on shares of Coty in a research report on Thursday, May 8th. Six equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.73.

Coty Stock Performance

Shares of COTY stock opened at $3.8090 on Thursday. The company has a 50 day moving average price of $4.88 and a 200-day moving average price of $5.17. Coty has a 52 week low of $3.75 and a 52 week high of $10.30. The firm has a market capitalization of $3.32 billion, a PE ratio of -8.66, a P/E/G ratio of 0.68 and a beta of 2.00. The company has a quick ratio of 0.51, a current ratio of 0.82 and a debt-to-equity ratio of 1.03.

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

Hedge Funds Weigh In On Coty

Several large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Coty in the fourth quarter worth $3,030,000. Barclays PLC lifted its holdings in shares of Coty by 10.4% in the fourth quarter. Barclays PLC now owns 1,286,611 shares of the company’s stock worth $8,954,000 after buying an additional 120,805 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Coty by 36.2% in the fourth quarter. First Trust Advisors LP now owns 539,792 shares of the company’s stock worth $3,757,000 after buying an additional 143,571 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Coty by 13.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 13,318,685 shares of the company’s stock worth $92,697,000 after buying an additional 1,569,315 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in shares of Coty by 9.3% in the fourth quarter. MetLife Investment Management LLC now owns 206,237 shares of the company’s stock worth $1,435,000 after buying an additional 17,553 shares in the last quarter. Hedge funds and other 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.