Coty (NYSE:COTY) Price Target Lowered to $8.00 at Stifel Nicolaus

Coty (NYSE:COTY) had its price objective lowered by investment analysts at Stifel Nicolaus from $8.50 to $8.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 25.23% from the stock’s current price.

Several other equities analysts have also recently issued reports on COTY. Jefferies Financial Group dropped their price target on Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. The Goldman Sachs Group assumed coverage on Coty in a report on Friday, December 13th. They issued a “neutral” rating and a $9.00 target price on the stock. Citigroup decreased their price target on Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a report on Monday, October 14th. JPMorgan Chase & Co. dropped their price objective on shares of Coty from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Finally, Barclays cut their price target on shares of Coty from $7.00 to $6.00 and set an “underweight” rating for the company in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Coty presently has an average rating of “Moderate Buy” and an average target price of $11.12.

Coty Stock Down 5.6 %

Shares of NYSE:COTY traded down $0.38 during trading on Tuesday, hitting $6.39. 2,789,739 shares of the company were exchanged, compared to its average volume of 5,427,114. The firm’s 50 day moving average price is $7.17 and its 200-day moving average price is $8.13. The stock has a market capitalization of $5.56 billion, a P/E ratio of 37.32, a PEG ratio of 0.72 and a beta of 1.89. Coty has a 12-month low of $6.30 and a 12-month 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.

Coty (NYSE:COTY) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a net margin of 2.78% and a return on equity of 9.16%. On average, research analysts predict that Coty will post 0.51 earnings per share for the current fiscal year.

Institutional Trading of Coty

Hedge funds and other institutional investors have recently made changes to their positions in the business. Banco Santander S.A. boosted its holdings in shares of Coty by 0.3% in the third quarter. Banco Santander S.A. now owns 23,112,758 shares of the company’s stock worth $217,029,000 after buying an additional 79,180 shares during the period. State Street Corp lifted its position in shares of Coty by 2.3% in the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company’s stock valued at $103,696,000 after acquiring an additional 251,964 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Coty by 25.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock worth $56,354,000 after purchasing an additional 1,646,839 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Coty by 5.1% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 5,929,663 shares of the company’s stock valued at $41,270,000 after purchasing an additional 287,061 shares in the last quarter. Finally, Amundi boosted its position in shares of Coty by 1,990,624.9% in the fourth quarter. Amundi now owns 4,479,131 shares of the company’s stock worth $30,503,000 after buying an additional 4,478,906 shares during the period. 42.36% of the stock is currently owned by institutional investors.

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.