Barclays Has Lowered Expectations for Coty (NYSE:COTY) Stock Price

Coty (NYSE:COTY) had its price target dropped by equities researchers at Barclays from $6.00 to $5.00 in a report released on Thursday, MarketBeat Ratings reports. The firm presently has an “underweight” rating on the stock. Barclays‘s price objective points to a potential downside of 8.17% from the company’s current price.

A number of other brokerages have also recently weighed in on COTY. Evercore ISI dropped their price objective on shares of Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. The Goldman Sachs Group dropped their price target on shares of Coty from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. DA Davidson reiterated a “buy” rating and issued a $12.50 price objective on shares of Coty in a research note on Thursday, February 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $13.00 target price on shares of Coty in a report on Wednesday, February 12th. Finally, Wells Fargo & Company cut their price target on Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $9.61.

Coty Stock Down 1.9 %

NYSE:COTY opened at $5.45 on Thursday. Coty has a 52 week low of $5.35 and a 52 week high of $11.91. The stock’s fifty day moving average is $6.14 and its two-hundred day moving average is $7.23. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of -544.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.97. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85.

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

Institutional Trading of Coty

A number of hedge funds and other institutional investors have recently made changes to their positions in COTY. Norges Bank acquired a new stake in shares of Coty in the 4th quarter valued at about $44,401,000. Amundi lifted its stake in Coty by 1,990,624.9% in 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. Man Group plc acquired a new stake in shares of Coty in the fourth quarter valued at approximately $28,473,000. Caisse Des Depots ET Consignations purchased a new position in shares of Coty during the fourth quarter worth approximately $19,663,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of Coty by 12.1% in the 4th quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company’s stock valued at $140,691,000 after acquiring an additional 2,175,120 shares during the period. Institutional investors and hedge funds 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.