Coty (NYSE:COTY) PT Lowered to $12.00 at Deutsche Bank Aktiengesellschaft

Coty (NYSE:COTY) had its target price decreased by Deutsche Bank Aktiengesellschaft from $14.00 to $12.00 in a research report released on Wednesday morning, Marketbeat.com reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. reduced their target price on Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday. Piper Sandler reduced their target price on Coty from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. Wells Fargo & Company reduced their target price on Coty from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Tuesday. DA Davidson raised their target price on Coty from $16.50 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, Bank of America reduced their target price on Coty from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Coty has an average rating of “Moderate Buy” and an average target price of $12.15.

Coty Stock Down 1.6 %

Coty stock opened at $7.70 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.75 and a quick ratio of 0.46. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 33.46, a PEG ratio of 0.67 and a beta of 1.89. Coty has a 1-year low of $7.66 and a 1-year high of $13.30. The business has a fifty day moving average price of $9.17 and a 200-day moving average price of $9.97.

Coty (NYSE:COTY) last posted its quarterly earnings data on Tuesday, August 20th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. Coty had a return on equity of 8.05% and a net margin of 1.46%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 EPS. Equities research analysts forecast that Coty will post 0.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Coty

Institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. increased its stake in shares of Coty by 330.3% in the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after purchasing an additional 2,385 shares in the last quarter. Quent Capital LLC increased its stake in shares of Coty by 1,448.8% in the 2nd quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock valued at $52,000 after purchasing an additional 4,810 shares in the last quarter. WealthShield Partners LLC purchased a new position in shares of Coty in the 2nd quarter valued at about $100,000. Fifth Third Wealth Advisors LLC purchased a new position in shares of Coty in the 2nd quarter valued at about $107,000. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of Coty by 9.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock valued at $124,000 after purchasing an additional 1,104 shares in the last quarter. Hedge funds and other 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.