Evercore ISI Cuts Coty (NYSE:COTY) Price Target to $10.00

Coty (NYSE:COTY) had its price objective cut by equities research analysts at Evercore ISI from $15.00 to $10.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s price objective indicates a potential upside of 74.09% from the stock’s current price.

A number of other brokerages have also commented on COTY. Canaccord Genuity Group decreased their price objective on shares of Coty from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday. Royal Bank of Canada reissued an “outperform” rating and set a $14.00 price objective on shares of Coty in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. TD Cowen lowered shares of Coty from a “buy” rating to a “hold” rating and reduced their target price for the company from $11.00 to $8.50 in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. reduced 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $10.17.

Coty Stock Up 1.1 %

Shares of NYSE:COTY opened at $5.74 on Wednesday. Coty has a 12 month low of $5.64 and a 12 month high of $13.30. The company’s 50-day moving average price is $7.09 and its two-hundred day moving average price is $8.07. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93. The firm has a market cap of $5.00 billion, a P/E ratio of 33.79, a P/E/G ratio of 0.72 and a beta of 1.89.

Coty (NYSE:COTY) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates 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, research analysts forecast that Coty will post 0.51 EPS for the current fiscal year.

Institutional Trading of Coty

A number of hedge funds have recently modified their holdings of the company. Retirement Systems of Alabama raised its holdings in Coty by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 444,245 shares of the company’s stock worth $3,092,000 after buying an additional 1,472 shares during the period. State of Alaska Department of Revenue raised its holdings in Coty by 3.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 42,339 shares of the company’s stock worth $397,000 after buying an additional 1,545 shares during the period. Stephens Inc. AR raised its holdings in Coty by 12.0% during the 4th quarter. Stephens Inc. AR now owns 15,588 shares of the company’s stock worth $108,000 after buying an additional 1,672 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in Coty by 16.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company’s stock worth $94,000 after buying an additional 1,893 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in Coty by 26.9% during the 4th quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company’s stock worth $69,000 after buying an additional 2,110 shares during the period. 42.36% of the stock is currently owned by institutional investors and hedge funds.

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.