Barclays Issues Pessimistic Forecast for Coty (NYSE:COTY) Stock Price

Coty (NYSE:COTY) had its target price cut by Barclays from $7.00 to $6.00 in a research report released on Friday morning,Benzinga reports. They currently have an underweight rating on the stock.

Several other research analysts also recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Coty in a report on Friday, December 13th. They issued a “neutral” rating and a $9.00 target price for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $14.00 price objective on shares of Coty in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft decreased their target price on Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Stifel Nicolaus dropped their price target on Coty from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Tuesday, October 15th. Finally, DA Davidson reiterated a “buy” rating and set a $12.50 price objective on shares of Coty in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Coty has a consensus rating of “Moderate Buy” and an average price target of $11.24.

Coty Price Performance

NYSE COTY opened at $7.15 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. The business’s fifty day moving average is $7.21 and its 200 day moving average is $8.44. The company has a market capitalization of $6.22 billion, a PE ratio of 42.04, a price-to-earnings-growth ratio of 0.67 and a beta of 1.89. Coty has a fifty-two week low of $6.59 and a fifty-two week high of $13.30.

Coty (NYSE:COTY) last released its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a return on equity of 9.16% and a net margin of 2.78%. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the prior year, the company posted $0.09 earnings per share. The company’s revenue was up 1.8% compared to the same quarter last year. Sell-side analysts predict that Coty will post 0.51 earnings per share for the current year.

Institutional Investors Weigh In On Coty

Several institutional investors have recently modified their holdings of COTY. Blue Trust Inc. raised its holdings 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 buying an additional 2,385 shares during the period. Virtu Financial LLC bought a new position in Coty during the third quarter valued at $96,000. Capstone Investment Advisors LLC purchased a new stake in shares of Coty in the third quarter valued at $109,000. Quadrature Capital Ltd bought a new stake in shares of Coty in the 3rd quarter worth about $124,000. Finally, American Century Companies Inc. boosted its stake in shares of Coty by 10.6% during the 2nd quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock worth $148,000 after purchasing an additional 1,414 shares during the period. 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.