Raymond James Lowers Coty (NYSE:COTY) Price Target to $11.00

Coty (NYSE:COTY) had its price target cut by investment analysts at Raymond James from $13.00 to $11.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective suggests a potential upside of 53.63% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the stock. Canaccord Genuity Group reissued a “buy” rating and issued a $14.00 price target on shares of Coty in a report on Tuesday, October 15th. Wells Fargo & Company cut their price target on shares of Coty from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $14.00 price target on shares of Coty in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Finally, Barclays downgraded shares of Coty from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $8.00 to $7.00 in a report on Thursday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.97.

Coty Stock Performance

NYSE COTY opened at $7.16 on Friday. Coty has a 1 year low of $7.02 and a 1 year high of $13.30. 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 cap of $6.21 billion, a price-to-earnings ratio of 42.12, a PEG ratio of 1.09 and a beta of 1.91. The company has a fifty day moving average price of $8.57 and a 200-day moving average price of $9.59.

Coty (NYSE:COTY) last posted 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). The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. Coty had a return on equity of 9.14% and a net margin of 2.78%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 EPS. As a group, equities research analysts predict that Coty will post 0.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Coty

A number of institutional investors and hedge funds have recently modified their holdings of COTY. Point72 Asset Management L.P. lifted its holdings in shares of Coty by 789.3% in the second quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company’s stock worth $55,932,000 after buying an additional 4,954,362 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Coty by 1,798.5% in the third quarter. SG Americas Securities LLC now owns 1,847,328 shares of the company’s stock worth $17,346,000 after buying an additional 1,750,021 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Coty by 42.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock worth $52,984,000 after buying an additional 1,687,045 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Coty by 733.0% in the second quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company’s stock worth $19,038,000 after buying an additional 1,671,897 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Coty by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock worth $94,068,000 after buying an additional 890,626 shares in the last quarter. 42.36% of the stock is owned by hedge funds and other 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.