Barclays Issues Pessimistic Forecast for Coty (NYSE:COTY) Stock Price

Coty (NYSE:COTY) had its price objective cut by Barclays from $7.00 to $6.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Barclays‘s target price indicates a potential downside of 16.04% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the company. TD Cowen downgraded Coty from a “buy” rating to a “hold” rating and reduced their price target for the stock from $11.00 to $8.50 in a report on Wednesday, November 13th. Raymond James reduced their price target on Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Wells Fargo & Company dropped their price objective on Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. The Goldman Sachs Group began coverage on Coty in a research note on Friday, December 13th. They issued a “neutral” rating and a $9.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective 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 research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.24.

Coty Trading Down 0.8 %

Shares of COTY stock opened at $7.15 on Friday. Coty has a 1 year low of $6.59 and a 1 year high of $13.30. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. The stock’s 50 day simple moving average is $7.21 and its two-hundred day simple moving average is $8.43. The company has a market cap of $6.22 billion, a PE ratio of 42.04, a price-to-earnings-growth ratio of 0.67 and a beta of 1.89.

Coty (NYSE:COTY) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a return on equity of 9.16% and a net margin of 2.78%. The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. Research analysts predict that Coty will post 0.51 earnings per share for the current year.

Institutional Trading of Coty

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Banco Santander S.A. lifted its holdings in shares of Coty by 0.3% during the 3rd quarter. Banco Santander S.A. now owns 23,112,758 shares of the company’s stock valued at $217,029,000 after purchasing an additional 79,180 shares during the last quarter. State Street Corp lifted its holdings in shares of Coty by 2.3% during the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company’s stock valued at $103,696,000 after purchasing an additional 251,964 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Coty by 10.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock valued at $94,068,000 after purchasing an additional 890,626 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Coty by 11.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock valued at $60,566,000 after purchasing an additional 656,952 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in Coty by 42.6% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock worth $52,984,000 after acquiring an additional 1,687,045 shares during 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.