Coty (NYSE:COTY) Price Target Lowered to $7.00 at Wells Fargo & Company

Coty (NYSE:COTY) had its price objective cut by Wells Fargo & Company from $9.00 to $7.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential downside of 1.27% from the stock’s previous close.

Several other analysts also recently issued reports on the stock. Barclays downgraded shares of Coty from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $8.00 to $7.00 in a research report on Thursday, November 7th. Jefferies Financial Group reduced their price objective on shares of Coty from $12.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. DA Davidson reissued a “buy” rating and set a $12.50 target price on shares of Coty in a research report on Wednesday, December 18th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $14.00 price target on shares of Coty in a research report on Tuesday, October 15th. Finally, Citigroup decreased their price objective on Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.29.

Coty Stock Up 3.7 %

COTY traded up $0.25 during midday trading on Tuesday, hitting $7.09. The company had a trading volume of 755,339 shares, compared to its average volume of 4,621,692. The stock’s 50 day moving average price is $7.31 and its 200 day moving average price is $8.62. Coty has a 52 week low of $6.72 and a 52 week high of $13.30. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 41.71, a PEG ratio of 0.75 and a beta of 1.89. 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 (NYSE:COTY) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Coty had a return on equity of 9.16% and a net margin of 2.78%. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the company posted $0.09 earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, research analysts anticipate that Coty will post 0.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coty

Several institutional investors have recently added to or reduced their stakes in COTY. Blue Trust Inc. raised its position in Coty by 330.3% in the third 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. Virtu Financial LLC bought a new stake in shares of Coty in the 3rd quarter worth approximately $96,000. Capstone Investment Advisors LLC bought a new stake in shares of Coty in the 3rd quarter worth approximately $109,000. Quadrature Capital Ltd purchased a new position in Coty in the third quarter valued at approximately $124,000. Finally, American Century Companies Inc. grew its holdings in Coty by 10.6% during the second quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock valued at $148,000 after purchasing an additional 1,414 shares during the period. Institutional investors own 42.36% of the company’s stock.

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.