Coty (NYSE:COTY) Earns "Hold" Rating from Canaccord Genuity Group

Coty (NYSE:COTY - Get Free Report)'s stock had its "hold" rating reaffirmed by equities research analysts at Canaccord Genuity Group in a research note issued to investors on Thursday,Benzinga reports. They presently have a $5.00 price objective on the stock, down from their previous price objective of $8.00. Canaccord Genuity Group's price objective indicates a potential upside of 9.17% from the company's current price.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. dropped their target price on Coty from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company reaffirmed a "positive" rating on shares of Coty in a research note on Wednesday, April 16th. Barclays reduced their price objective on shares of Coty from $5.00 to $4.50 and set an "underweight" rating on the stock in a research note on Friday, April 11th. Citigroup upgraded Coty from a "neutral" rating to a "buy" rating and raised their price target for the stock from $7.00 to $8.00 in a research report on Thursday, March 20th. Finally, Evercore ISI reduced their target price on Coty from $15.00 to $10.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $8.09.

Coty Trading Down 11.4 %

COTY stock opened at $4.58 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of -458.00, a P/E/G ratio of 0.81 and a beta of 1.90. The business has a fifty day moving average price of $5.25 and a 200 day moving average price of $6.42. Coty has a fifty-two week low of $4.46 and a fifty-two week high of $11.41.

Coty (NYSE:COTY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. Coty had a net margin of 0.22% and a return on equity of 6.34%. The company's revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.05 EPS. Analysts expect that Coty will post 0.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Coty

A number of hedge funds and other institutional investors have recently bought and sold shares of COTY. Jump Financial LLC bought a new stake in Coty during the fourth quarter worth about $873,000. JPMorgan Chase & Co. lifted its position in shares of Coty by 16.8% in the third quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company's stock valued at $6,981,000 after buying an additional 107,014 shares during the last quarter. Barclays PLC boosted its stake in shares of Coty by 147.1% during the 3rd quarter. Barclays PLC now owns 1,165,806 shares of the company's stock worth $10,947,000 after acquiring an additional 693,961 shares during the period. Amundi boosted its stake in shares of Coty by 1,990,624.9% during the 4th quarter. Amundi now owns 4,479,131 shares of the company's stock worth $30,503,000 after acquiring an additional 4,478,906 shares during the period. Finally, TCW Group Inc. raised its stake in Coty by 44.1% in the 4th quarter. TCW Group Inc. now owns 304,797 shares of the company's stock valued at $2,121,000 after acquiring an additional 93,229 shares during the period. Institutional investors and hedge funds 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.

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