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

Coty (NYSE:COTY) had its target price decreased by Evercore ISI from $15.00 to $10.00 in a research report report published on Wednesday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Royal Bank of Canada restated an “outperform” rating and issued a $14.00 target price on shares of Coty in a research note on Tuesday, October 15th. TD Cowen cut shares of Coty from a “buy” rating to a “hold” rating and reduced their target price for the stock from $11.00 to $8.50 in a report on Wednesday, November 13th. Jefferies Financial Group decreased their target price on shares of Coty from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Raymond James reduced their price objective on shares of Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Finally, Stifel Nicolaus lowered their target price on Coty from $8.50 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Coty currently has an average rating of “Moderate Buy” and a consensus price target of $10.17.

Coty Stock Down 2.9 %

Coty stock opened at $5.59 on Wednesday. The company has a 50 day moving average of $7.01 and a 200-day moving average of $8.02. 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 twelve month low of $5.55 and a twelve month high of $13.30. The stock has a market capitalization of $4.86 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 0.72 and a beta of 1.89.

Coty (NYSE:COTY) last released 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 return on equity of 9.16% and a net margin of 2.78%. On average, equities research analysts anticipate that Coty will post 0.51 EPS for the current fiscal year.

Institutional Trading of Coty

A number of hedge funds have recently modified their holdings of the stock. Norges Bank bought a new position in Coty in the 4th quarter valued at about $44,401,000. Amundi grew its position in shares of Coty by 1,990,624.9% in the fourth quarter. Amundi now owns 4,479,131 shares of the company’s stock valued at $30,503,000 after purchasing an additional 4,478,906 shares during the last quarter. Caisse Des Depots ET Consignations bought a new position in shares of Coty during the fourth quarter worth approximately $19,663,000. Vaughan Nelson Investment Management L.P. lifted its holdings in Coty by 42.6% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock worth $52,984,000 after purchasing an additional 1,687,045 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in Coty by 25.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock valued at $56,354,000 after purchasing an additional 1,646,839 shares during the period. 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.