Coty (NYSE:COTY) Price Target Lowered to $8.00 at Piper Sandler

Coty (NYSE:COTY) had its price objective lowered by Piper Sandler from $9.00 to $8.00 in a report issued on Monday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

COTY has been the subject of a number of other reports. TD Cowen lowered Coty from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $11.00 to $8.50 in a report on Wednesday, November 13th. Wells Fargo & Company decreased their price objective on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Evercore ISI decreased their price objective on Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. DA Davidson reissued a “buy” rating and issued a $12.50 price objective on shares of Coty in a report on Thursday, February 6th. Finally, Morgan Stanley decreased their price objective on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.89.

Coty Stock Up 5.0 %

Shares of Coty stock opened at $6.00 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85. The business’s 50 day simple moving average is $6.78 and its 200-day simple moving average is $7.84. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of -599.50, a PEG ratio of 0.81 and a beta of 1.89. Coty has a twelve month low of $5.42 and a twelve month high of $13.30.

Coty (NYSE:COTY) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. Equities research analysts forecast that Coty will post 0.39 earnings per share for the current year.

Institutional Investors Weigh In On Coty

Large investors have recently modified their holdings of the stock. Blue Trust Inc. boosted its stake in shares of Coty by 330.3% during the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after acquiring an additional 2,385 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Coty by 317.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock worth $29,000 after acquiring an additional 3,186 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Coty by 145.0% during the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after acquiring an additional 3,328 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Coty by 55.3% during the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock worth $51,000 after acquiring an additional 2,601 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Coty during the 4th quarter worth $54,000. 42.36% of the stock is 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.