Evercore ISI Lowers Coty (NYSE:COTY) Price Target to $10.00

Coty (NYSE:COTY) had its price target dropped by investment analysts at Evercore ISI from $15.00 to $10.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s price objective suggests a potential upside of 74.09% from the company’s current price.

COTY has been the topic of a number of other research reports. Wells Fargo & Company dropped their price target on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $14.00 target price on shares of Coty in a research report on Tuesday, October 15th. Barclays dropped their target price on shares of Coty from $7.00 to $6.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. Finally, Morgan Stanley dropped their target price on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Coty presently has an average rating of “Moderate Buy” and an average target price of $10.17.

Coty Trading Up 1.1 %

NYSE:COTY opened at $5.74 on Wednesday. Coty has a 12 month low of $5.64 and a 12 month high of $13.30. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 33.79, a P/E/G ratio of 0.72 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. The company’s 50 day moving average is $7.09 and its 200-day moving average is $8.07.

Coty (NYSE:COTY) last released its quarterly earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a net margin of 2.78% and a return on equity of 9.16%. Equities analysts anticipate that Coty will post 0.51 EPS for the current year.

Institutional Investors Weigh In On Coty

Institutional investors and hedge funds have recently bought and sold shares of the business. Retirement Systems of Alabama boosted its stake in shares of Coty by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 444,245 shares of the company’s stock valued at $3,092,000 after purchasing an additional 1,472 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Coty by 3.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 42,339 shares of the company’s stock worth $397,000 after purchasing an additional 1,545 shares during the last quarter. Stephens Inc. AR grew its holdings in shares of Coty by 12.0% in the 4th quarter. Stephens Inc. AR now owns 15,588 shares of the company’s stock worth $108,000 after purchasing an additional 1,672 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Coty by 16.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company’s stock worth $94,000 after purchasing an additional 1,893 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of Coty by 26.9% in the 4th quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company’s stock worth $69,000 after purchasing an additional 2,110 shares during the last quarter. Institutional investors 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.