Coty (NYSE:COTY) Price Target Cut to $8.00 by Analysts at The Goldman Sachs Group

Coty (NYSE:COTY) had its price target reduced by The Goldman Sachs Group from $9.00 to $8.00 in a report released on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts also recently issued reports about the company. DA Davidson reiterated a “buy” rating and set a $12.50 target price on shares of Coty in a research report on Thursday, February 6th. Wells Fargo & Company lowered their price objective on Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lowered their price objective on Coty from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. TD Cowen downgraded Coty from a “buy” rating to a “hold” rating and lowered their price objective for the company from $11.00 to $8.50 in a research report on Wednesday, November 13th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.17.

Coty Stock Performance

Shares of COTY opened at $5.68 on Wednesday. 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 has a one year low of $5.67 and a one year high of $13.30. The firm has a market capitalization of $4.94 billion, a P/E ratio of 33.41, a PEG ratio of 0.72 and a beta of 1.89. The business has a fifty day moving average of $7.13 and a 200 day moving average of $8.08.

Coty (NYSE:COTY) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 9.16% and a net margin of 2.78%. As a group, sell-side analysts anticipate that Coty will post 0.51 EPS for the current year.

Institutional Investors Weigh In On Coty

Several large investors have recently added to or reduced their stakes in COTY. Norges Bank bought a new stake in Coty during the fourth quarter worth approximately $44,401,000. Amundi grew its stake in shares of Coty by 1,990,624.9% during the fourth quarter. Amundi now owns 4,479,131 shares of the company’s stock valued at $30,503,000 after buying an additional 4,478,906 shares during the last quarter. Caisse Des Depots ET Consignations bought a new position in shares of Coty during the fourth quarter valued at approximately $19,663,000. Vaughan Nelson Investment Management L.P. grew its stake in shares of Coty by 42.6% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock valued at $52,984,000 after buying an additional 1,687,045 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in shares of Coty by 25.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock valued at $56,354,000 after buying an additional 1,646,839 shares during the last quarter. 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.