Coty (NYSE:COTY) Given New $8.00 Price Target at Canaccord Genuity Group

Coty (NYSE:COTY) had its price objective trimmed by Canaccord Genuity Group from $10.00 to $8.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Coty from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. DA Davidson restated a “buy” rating and issued a $12.50 target price on shares of Coty in a research report on Thursday, February 6th. JPMorgan Chase & Co. decreased their target price on shares of Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Jefferies Financial Group decreased their target price on shares of Coty from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group began coverage on shares of Coty in a research report on Friday, December 13th. They issued a “neutral” rating and a $9.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $10.17.

Coty Price Performance

Shares of NYSE:COTY opened at $5.68 on Wednesday. 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 has a fifty-two week low of $5.67 and a fifty-two week high of $13.30. The firm has a 50-day simple moving average of $7.13 and a 200 day simple moving average of $8.08. The company has a market cap of $4.94 billion, a PE ratio of 33.41, a P/E/G ratio of 0.72 and a beta of 1.89.

Coty (NYSE:COTY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share 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%. On average, sell-side analysts anticipate that Coty will post 0.51 EPS for the current year.

Institutional Trading of Coty

Several institutional investors and hedge funds have recently added to or reduced their stakes in COTY. Steward Partners Investment Advisory LLC lifted its stake in 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 purchasing an additional 3,186 shares during the last quarter. Blue Trust Inc. lifted its stake in Coty by 330.3% during the third 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 during the last quarter. Allworth Financial LP lifted its stake in Coty by 145.0% during the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock valued at $42,000 after purchasing an additional 3,328 shares during the last quarter. R Squared Ltd acquired a new stake in Coty during the fourth quarter valued at approximately $54,000. Finally, US Bancorp DE lifted its position in shares of Coty by 116.0% in the 4th quarter. US Bancorp DE now owns 9,473 shares of the company’s stock valued at $66,000 after acquiring an additional 5,088 shares in the last quarter. 42.36% of the stock is owned by institutional investors and hedge funds.

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.