Coty (NYSE:COTY) Price Target Cut to $7.00 by Analysts at Morgan Stanley

Coty (NYSE:COTY) had its target price decreased by Morgan Stanley from $9.00 to $7.00 in a report issued on Wednesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other equities research analysts also recently commented on the stock. Barclays reduced their price objective on shares of Coty from $7.00 to $6.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. The Goldman Sachs Group began coverage on shares of Coty in a research report on Friday, December 13th. They issued a “neutral” rating and a $9.00 price objective for the company. Canaccord Genuity Group reiterated a “buy” rating and set a $14.00 price target on shares of Coty in a research report on Tuesday, October 15th. Raymond James reduced their price target on shares of Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Finally, Wells Fargo & Company reduced their price target on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.17.

Coty Stock Performance

NYSE COTY opened at $5.68 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93. Coty has a 52-week low of $5.67 and a 52-week high of $13.30. The business’s 50-day moving average price is $7.13 and its 200 day moving average price is $8.08. 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.

Coty (NYSE:COTY) last released its quarterly 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 return on equity of 9.16% and a net margin of 2.78%. On average, equities research analysts expect that Coty will post 0.51 earnings per share for the current year.

Institutional Trading of Coty

Hedge funds and other institutional investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC grew its stake in Coty by 317.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock worth $29,000 after acquiring an additional 3,186 shares during the period. Blue Trust Inc. grew its stake in Coty by 330.3% in the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after acquiring an additional 2,385 shares during the period. Allworth Financial LP grew its stake in Coty by 145.0% in the 4th 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 stake in Coty in the 4th quarter worth approximately $54,000. Finally, US Bancorp DE grew its stake in Coty by 116.0% in the 4th 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 period. 42.36% of the stock is owned by hedge funds and other institutional investors.

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.