Coty (NYSE:COTY) Price Target Cut to $6.00 by Analysts at The Goldman Sachs Group

Coty (NYSE:COTY) had its price target reduced by analysts at The Goldman Sachs Group from $8.00 to $6.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 28.48% from the company’s previous close.

A number of other analysts have also recently issued reports on COTY. Barclays reduced their price objective on Coty from $5.00 to $4.50 and set an “underweight” rating for the company in a research report on Friday, April 11th. Evercore ISI lowered their price target on Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Piper Sandler cut their price objective on shares of Coty from $9.00 to $8.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Raymond James downgraded shares of Coty from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 17th. Finally, Morgan Stanley reduced their price objective on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $7.80.

Coty Trading Down 3.1 %

NYSE:COTY opened at $4.67 on Thursday. The stock has a market cap of $4.07 billion, a PE ratio of -467.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.90. Coty has a fifty-two week low of $4.46 and a fifty-two week high of $11.41. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. The stock’s 50-day moving average is $5.22 and its two-hundred day moving average is $6.38.

Coty (NYSE:COTY) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). Coty had a net margin of 0.22% and a return on equity of 6.34%. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the firm posted $0.05 earnings per share. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. As a group, equities research analysts forecast that Coty will post 0.39 earnings per share for the current fiscal year.

Institutional Trading of Coty

A number of hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC raised its position in shares of Coty by 317.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock valued at $29,000 after buying an additional 3,186 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Coty by 140.2% in the 1st quarter. GAMMA Investing LLC now owns 5,506 shares of the company’s stock worth $30,000 after acquiring an additional 3,214 shares during the period. Allworth Financial LP grew its holdings in shares of Coty by 145.0% during the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after purchasing an additional 3,328 shares in the last quarter. Blue Trust Inc. increased its position in shares of Coty by 124.8% during the fourth quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock valued at $49,000 after purchasing an additional 3,877 shares during the period. Finally, Quadrant Capital Group LLC raised its stake in shares of Coty by 55.3% in the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock valued at $51,000 after purchasing an additional 2,601 shares in the last quarter. 42.36% of the stock is owned by 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.