Deutsche Bank Aktiengesellschaft Trims Coty (NYSE:COTY) Target Price to $12.00

Coty (NYSE:COTY) had its price target trimmed by Deutsche Bank Aktiengesellschaft from $14.00 to $12.00 in a report released on Wednesday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

COTY has been the subject of a number of other reports. Citigroup reduced their price objective on shares of Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. Bank of America lowered their price target on Coty from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Raymond James dropped their target price on shares of Coty from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Tuesday, October 15th. JPMorgan Chase & Co. decreased their target price 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, Jefferies Financial Group upgraded Coty from a “hold” rating to a “buy” rating and lifted their price target for the stock from $11.00 to $12.00 in a report on Monday, October 7th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Coty has an average rating of “Moderate Buy” and an average target price of $12.15.

Coty Price Performance

COTY opened at $7.70 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.75 and a quick ratio of 0.46. The firm has a market capitalization of $6.68 billion, a PE ratio of 33.48, a price-to-earnings-growth ratio of 0.67 and a beta of 1.89. The business’s 50-day moving average is $9.17 and its two-hundred day moving average is $9.96. Coty has a 1 year low of $7.66 and a 1 year high of $13.30.

Coty (NYSE:COTY) last issued its earnings results on Tuesday, August 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). Coty had a return on equity of 8.05% and a net margin of 1.46%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the business earned $0.01 EPS. The business’s revenue was up .9% on a year-over-year basis. Research analysts anticipate that Coty will post 0.56 earnings per share for the current fiscal year.

Institutional Trading of Coty

Hedge funds have recently made changes to their positions in the company. Raymond James & Associates grew its holdings in shares of Coty by 13.2% during the third quarter. Raymond James & Associates now owns 348,560 shares of the company’s stock valued at $3,273,000 after purchasing an additional 40,572 shares during the last quarter. Blue Trust Inc. boosted its stake in 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 purchasing an additional 2,385 shares during the period. Compass Wealth Management LLC increased its stake in shares of Coty by 12.6% in the third quarter. Compass Wealth Management LLC now owns 590,725 shares of the company’s stock valued at $5,547,000 after purchasing an additional 65,900 shares during the period. Covea Finance raised its holdings in shares of Coty by 52.2% during the third quarter. Covea Finance now owns 175,000 shares of the company’s stock valued at $1,643,000 after buying an additional 60,000 shares during the last quarter. Finally, Fulton Bank N.A. boosted its position in shares of Coty by 16.1% during the third quarter. Fulton Bank N.A. now owns 26,214 shares of the company’s stock worth $246,000 after buying an additional 3,636 shares during the period. 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.