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

Coty (NYSE:COTY) had its price objective decreased by equities research analysts at Stifel Nicolaus from $8.50 to $8.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 40.85% from the company’s current price.

Other research analysts have also recently issued reports about the company. Royal Bank of Canada reiterated an “outperform” rating and set a $14.00 price target on shares of Coty in a research report on Tuesday, October 15th. TD Cowen lowered shares of Coty from a “buy” rating to a “hold” rating and cut their target price for the company from $11.00 to $8.50 in a report on Wednesday, November 13th. Citigroup lowered their price target on shares of Coty from $10.50 to $10.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. Wells Fargo & Company cut their price objective on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered 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 analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.17.

Coty Price Performance

Shares of NYSE COTY opened at $5.68 on Tuesday. Coty has a 52 week low of $5.67 and a 52 week high of $13.30. 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 $4.94 billion, a P/E ratio of 33.41, a P/E/G ratio of 0.72 and a beta of 1.89. The business’s 50 day moving average price is $7.13 and its 200 day moving average price is $8.08.

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 analysts’ consensus estimates of $0.22 by ($0.11). Coty had a net margin of 2.78% and a return on equity of 9.16%. On average, sell-side analysts expect that Coty will post 0.51 earnings per share for the current year.

Institutional Investors Weigh In On Coty

Large investors have recently made changes to their positions in the stock. Blue Trust Inc. boosted its holdings in Coty by 330.3% in 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 last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Coty by 317.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock valued at $29,000 after acquiring an additional 3,186 shares during the last quarter. Allworth Financial LP grew its position in Coty by 145.0% in the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after acquiring an additional 3,328 shares during the period. R Squared Ltd purchased a new position in Coty in the fourth quarter worth approximately $54,000. Finally, US Bancorp DE increased its stake in Coty by 116.0% during the fourth quarter. US Bancorp DE now owns 9,473 shares of the company’s stock worth $66,000 after acquiring an additional 5,088 shares during the last quarter. 42.36% of the stock is currently 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.