Coty (NYSE:COTY) Price Target Lowered to $4.25 at Morgan Stanley

Coty (NYSE:COTY) had its target price cut by Morgan Stanley from $5.00 to $4.25 in a research report sent to investors on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other analysts have also weighed in on the company. JPMorgan Chase & Co. reduced their target price on Coty from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Citigroup reiterated a “neutral” rating and issued a $4.25 target price (down from $6.50) on shares of Coty in a report on Thursday, August 21st. Evercore ISI lowered their price target on Coty from $10.00 to $7.00 and set an “outperform” rating for the company in a report on Thursday, August 21st. Barclays lowered their price target on Coty from $4.50 to $3.50 and set an “underweight” rating for the company in a research report on Friday. Finally, Jefferies Financial Group cut shares of Coty from a “buy” rating to a “hold” rating and reduced their target price for the stock from $6.00 to $4.00 in a report on Thursday, August 21st. Four equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Coty currently has a consensus rating of “Hold” and an average target price of $6.19.

Coty Trading Down 3.1%

COTY stock opened at $3.81 on Monday. The firm has a fifty day moving average price of $4.84 and a 200 day moving average price of $5.11. Coty has a fifty-two week low of $3.75 and a fifty-two week high of $9.97. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.46 and a current ratio of 0.77. The firm has a market cap of $3.32 billion, a PE ratio of -8.66, a price-to-earnings-growth ratio of 0.35 and a beta of 2.00.

Coty (NYSE:COTY) last announced its earnings results on Wednesday, August 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Coty had a negative net margin of 6.24% and a positive return on equity of 5.18%. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.03) earnings per share. Sell-side analysts anticipate that Coty will post 0.39 earnings per share for the current fiscal year.

Institutional Trading of Coty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COTY. GAMMA Investing LLC boosted 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 purchasing an additional 3,214 shares during the period. UMB Bank n.a. lifted its holdings in shares of Coty by 137.1% in the 2nd quarter. UMB Bank n.a. now owns 6,851 shares of the company’s stock valued at $32,000 after purchasing an additional 3,962 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Coty by 1,006.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 7,304 shares of the company’s stock valued at $40,000 after acquiring an additional 6,644 shares during the period. Shay Capital LLC purchased a new stake in shares of Coty in the second quarter valued at about $46,000. Finally, FORA Capital LLC purchased a new position in shares of Coty in the 2nd quarter valued at approximately $47,000. 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.