Wells Fargo & Company Lowers Coty (NYSE:COTY) Price Target to $7.00

Coty (NYSE:COTY) had its price target cut by stock analysts at Wells Fargo & Company from $9.00 to $7.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 2.79% from the company’s previous close.

Several other analysts also recently commented on COTY. Jefferies Financial Group cut their price objective on shares of Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Stifel Nicolaus dropped their target price on shares of Coty from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Tuesday, October 15th. The Goldman Sachs Group initiated coverage on shares of Coty in a research report on Friday, December 13th. They set a “neutral” rating and a $9.00 price target for the company. Citigroup lowered their price objective on Coty from $10.50 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.29.

Coty Price Performance

Shares of NYSE COTY opened at $6.81 on Tuesday. The company has a 50 day simple moving average of $7.30 and a two-hundred day simple moving average of $8.59. Coty has a fifty-two week low of $6.69 and a fifty-two week high of $13.30. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 40.06, a P/E/G ratio of 0.75 and a beta of 1.89. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85.

Coty (NYSE:COTY) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Coty had a net margin of 2.78% and a return on equity of 9.16%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the business earned $0.09 EPS. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. Analysts expect that Coty will post 0.51 EPS for the current fiscal year.

Institutional Trading of Coty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COTY. Blue Trust Inc. grew its position in shares of Coty by 330.3% during the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after acquiring an additional 2,385 shares during the period. Virtu Financial LLC bought a new stake in Coty during the third quarter valued at about $96,000. Capstone Investment Advisors LLC bought a new stake in Coty during the third quarter valued at about $109,000. Quadrature Capital Ltd purchased a new stake in Coty in the third quarter worth about $124,000. Finally, American Century Companies Inc. raised its stake in shares of Coty by 10.6% in the second quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock worth $148,000 after buying an additional 1,414 shares during the period. 42.36% of the stock is owned by hedge funds and other institutional investors.

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.