Coty (NYSE:COTY) Rating Lowered to Hold at TD Cowen

Coty (NYSE:COTY) was downgraded by analysts at TD Cowen from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports. They presently have a $8.50 target price on the stock, down from their previous target price of $11.00. TD Cowen’s target price indicates a potential upside of 12.06% from the stock’s current price.

Several other research firms have also recently commented on COTY. Canaccord Genuity Group reiterated a “buy” rating and set a $14.00 price target on shares of Coty in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft decreased their target price on Coty from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Citigroup dropped their price target on shares of Coty from $10.50 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. Stifel Nicolaus reduced their price objective on shares of Coty from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Tuesday, October 15th. Finally, Raymond James dropped their target price on shares of Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $11.56.

Coty Trading Up 2.8 %

NYSE COTY opened at $7.59 on Wednesday. Coty has a one year low of $7.02 and a one year high of $13.30. The firm has a 50 day simple moving average of $8.46 and a 200-day simple moving average of $9.50. The firm has a market cap of $6.58 billion, a price-to-earnings ratio of 44.62, a PEG ratio of 0.73 and a beta of 1.91. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85.

Coty (NYSE:COTY) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a net margin of 2.78% and a return on equity of 9.16%. The business 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 business earned $0.09 EPS. The business’s quarterly revenue was up 1.8% on a year-over-year basis. Equities research analysts anticipate that Coty will post 0.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Coty

Institutional investors have recently added to or reduced their stakes in the stock. Capstone Investment Advisors LLC purchased a new position in shares of Coty in the 3rd quarter valued at approximately $109,000. Lazard Freres Gestion S.A.S. acquired a new stake in shares of Coty during the third quarter worth $394,000. Citigroup Inc. grew its position in Coty by 10.8% in the 3rd quarter. Citigroup Inc. now owns 569,441 shares of the company’s stock valued at $5,347,000 after buying an additional 55,581 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Coty by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,901,380 shares of the company’s stock valued at $27,244,000 after buying an additional 14,075 shares during the last quarter. Finally, Banco Santander S.A. raised its position in Coty by 0.3% during the 3rd quarter. Banco Santander S.A. now owns 23,112,758 shares of the company’s stock worth $217,029,000 after buying an additional 79,180 shares during the last quarter. 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.