Bank of America Downgrades Coty (NYSE:COTY) to Underperform

Coty (NYSE:COTY - Get Free Report) was downgraded by equities research analysts at Bank of America from a "buy" rating to an "underperform" rating in a note issued to investors on Tuesday, MarketBeat Ratings reports. They presently have a $4.50 target price on the stock, down from their prior target price of $9.00. Bank of America's price target indicates a potential downside of 4.76% from the stock's current price.

COTY has been the subject of several other research reports. Citigroup upgraded shares of Coty from a "neutral" rating to a "buy" rating and boosted their price target for the company from $7.00 to $8.00 in a report on Thursday, March 20th. Canaccord Genuity Group reduced their price objective on shares of Coty from $10.00 to $8.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. The Goldman Sachs Group dropped their target price on Coty from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. reduced their price target on Coty from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, Morgan Stanley dropped their price objective on Coty from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $8.24.

Coty Trading Up 1.2 %

COTY traded up $0.06 on Tuesday, reaching $4.73. 8,759,026 shares of the company traded hands, compared to its average volume of 5,273,034. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. The company has a market cap of $4.12 billion, a P/E ratio of -472.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75. The firm has a fifty day simple moving average of $5.45 and a two-hundred day simple moving average of $6.74. Coty has a one year low of $4.56 and a one year high of $11.81.

Coty (NYSE:COTY - Get Free Report) last issued its earnings results 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 0.22% and a return on equity of 6.34%. As a group, equities research analysts expect that Coty will post 0.39 earnings per share for the current year.

Institutional Trading of Coty

Large investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC increased its holdings in Coty by 317.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock worth $29,000 after buying an additional 3,186 shares during the period. GAMMA Investing LLC raised its holdings in shares of Coty by 140.2% during the first quarter. GAMMA Investing LLC now owns 5,506 shares of the company's stock worth $30,000 after purchasing an additional 3,214 shares during the last quarter. Allworth Financial LP lifted its position 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 period. Blue Trust Inc. boosted its holdings in Coty by 124.8% in the fourth quarter. Blue Trust Inc. now owns 6,984 shares of the company's stock valued at $49,000 after purchasing an additional 3,877 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in Coty by 55.3% during the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock worth $51,000 after purchasing an additional 2,601 shares during the period. 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.