The Goldman Sachs Group Has Lowered Expectations for Coty (NYSE:COTY) Stock Price

Coty (NYSE:COTY) had its price objective cut by research analysts at The Goldman Sachs Group from $9.00 to $8.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 37.81% from the company’s current price.

A number of other equities analysts have also recently issued reports on COTY. Stifel Nicolaus lowered their target price on Coty from $8.50 to $8.00 and set a “hold” rating for the company in a report on Tuesday. Jefferies Financial Group dropped their price objective on shares of Coty from $12.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. DA Davidson restated a “buy” rating and issued a $12.50 price target on shares of Coty in a research report on Thursday, February 6th. Evercore ISI reduced their price objective on shares of Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. decreased their price target on Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Coty presently has an average rating of “Moderate Buy” and an average target price of $10.17.

Coty Stock Down 5.5 %

Shares of NYSE COTY traded down $0.34 during mid-day trading on Wednesday, hitting $5.81. The company had a trading volume of 3,621,181 shares, compared to its average volume of 5,901,462. The firm has a 50-day simple moving average of $7.16 and a two-hundred day simple moving average of $8.11. Coty has a one year low of $5.80 and a one year high of $13.30. The company has a market capitalization of $5.05 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 0.72 and a beta of 1.89. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93.

Coty (NYSE:COTY) last announced its earnings results 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 return on equity of 9.16% and a net margin of 2.78%. On average, equities analysts expect that Coty will post 0.51 EPS for the current year.

Hedge Funds Weigh In On Coty

Several large investors have recently modified their holdings of COTY. Compass Wealth Management LLC boosted its stake in Coty by 12.6% in the 3rd quarter. Compass Wealth Management LLC now owns 590,725 shares of the company’s stock worth $5,547,000 after purchasing an additional 65,900 shares during the period. Blue Trust Inc. lifted its holdings in shares of Coty by 330.3% in the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after buying an additional 2,385 shares in the last quarter. Raymond James & Associates boosted its position in shares of Coty by 13.2% in the third quarter. Raymond James & Associates now owns 348,560 shares of the company’s stock valued at $3,273,000 after acquiring an additional 40,572 shares during the period. State of Alaska Department of Revenue grew its stake in Coty by 3.8% during the third quarter. State of Alaska Department of Revenue now owns 42,339 shares of the company’s stock valued at $397,000 after acquiring an additional 1,545 shares in the last quarter. Finally, M&G PLC increased its holdings in Coty by 4.7% during the 3rd quarter. M&G PLC now owns 533,731 shares of the company’s stock worth $4,804,000 after acquiring an additional 24,037 shares during the period. Hedge funds and other 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.