Coty (NYSE:COTY) Given New $8.00 Price Target at The Goldman Sachs Group

Coty (NYSE:COTY) had its price target trimmed by The Goldman Sachs Group from $9.00 to $8.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Stifel Nicolaus dropped their price objective on Coty from $8.50 to $8.00 and set a “hold” rating on the stock in a report on Tuesday. Morgan Stanley decreased their target price on Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Canaccord Genuity Group decreased their target price on Coty from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. decreased their target price on Coty from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Coty currently has an average rating of “Moderate Buy” and a consensus target price of $10.17.

Coty Price Performance

Coty stock opened at $5.68 on Wednesday. Coty has a 12 month low of $5.67 and a 12 month high of $13.30. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. The business’s 50 day simple moving average is $7.13 and its 200 day simple moving average is $8.08. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 0.72 and a beta of 1.89.

Coty (NYSE:COTY) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a net margin of 2.78% and a return on equity of 9.16%. Sell-side analysts forecast that Coty will post 0.51 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Savoir Faire Capital Management L.P. raised its stake in Coty by 12.7% during the fourth quarter. Savoir Faire Capital Management L.P. now owns 286,567 shares of the company’s stock valued at $1,995,000 after buying an additional 32,212 shares during the last quarter. Trexquant Investment LP increased its holdings in shares of Coty by 224.9% in the 4th quarter. Trexquant Investment LP now owns 1,410,537 shares of the company’s stock worth $9,817,000 after purchasing an additional 976,370 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of Coty by 13,101.7% in the 4th quarter. National Bank of Canada FI now owns 214,000 shares of the company’s stock worth $1,489,000 after purchasing an additional 212,379 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its holdings in shares of Coty by 11.7% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 3,522,401 shares of the company’s stock worth $24,447,000 after purchasing an additional 370,000 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in shares of Coty by 0.4% in the 4th quarter. Clearbridge Investments LLC now owns 9,824,638 shares of the company’s stock worth $68,379,000 after purchasing an additional 37,412 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.