Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Coty (NYSE:COTY) Stock Price

Key Points

• Deutsche Bank cut its price target on Coty from $3.00 to $2.00 and kept a "hold" rating, implying roughly a 2.7% downside from the stock's recent ~$2.06 price.
• Analyst sentiment is weak overall — the consensus rating is "Reduce" (1 Buy, 17 Hold, 3 Sell) with a MarketBeat average target of $4.19, and multiple firms have trimmed price targets recently.
• Coty recently missed EPS ($0.14 vs. $0.18 est.) and shows a negative net margin (-9.13%) and a negative PE, though an insider (Bretten Gordon Von) bought 83,000 shares at $2.41, increasing his stake by ~9.2%.

Coty (NYSE:COTY - Get Free Report) had its target price dropped by investment analysts at Deutsche Bank Aktiengesellschaft from $3.00 to $2.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's target price would suggest a potential downside of 2.68% from the stock's current price.

A number of other research analysts have also recently issued reports on the company. TD Cowen lowered their price objective on Coty from $3.50 to $3.40 and set a "hold" rating for the company in a research note on Wednesday, January 21st. Weiss Ratings restated a "sell (d)" rating on shares of Coty in a research note on Wednesday, January 21st. Barclays decreased their price target on Coty from $3.00 to $2.50 and set an "underweight" rating for the company in a research note on Monday, February 9th. Morgan Stanley set a $3.50 price objective on shares of Coty in a research report on Monday, February 9th. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $2.50 target price on shares of Coty in a research report on Monday, February 9th. One analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $4.19.

Coty Trading Up 2.8%

Shares of NYSE:COTY traded up $0.06 during mid-day trading on Monday, reaching $2.06. The stock had a trading volume of 1,886,677 shares, compared to its average volume of 8,308,314. The firm has a market cap of $1.81 billion, a PE ratio of -3.31, a price-to-earnings-growth ratio of 0.33 and a beta of 0.96. The company has a current ratio of 0.79, a quick ratio of 0.52 and a debt-to-equity ratio of 0.81. The firm has a 50 day simple moving average of $2.62 and a two-hundred day simple moving average of $3.27. Coty has a twelve month low of $1.98 and a twelve month high of $5.65.

Coty (NYSE:COTY - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.66 billion. Coty had a positive return on equity of 5.38% and a negative net margin of 9.13%.The business's revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 EPS. On average, research analysts predict that Coty will post 0.39 EPS for the current fiscal year.

Insider Activity at Coty

In other news, insider Bretten Gordon Von acquired 83,000 shares of the firm's stock in a transaction on Friday, March 6th. The shares were bought at an average price of $2.41 per share, for a total transaction of $200,030.00. Following the acquisition, the insider owned 986,620 shares of the company's stock, valued at approximately $2,377,754.20. This trade represents a 9.19% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 5.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in COTY. Robeco Institutional Asset Management B.V. acquired a new stake in Coty during the fourth quarter worth approximately $32,000. Cornerstone Wealth Management LLC acquired a new stake in Coty during the 4th quarter worth $37,000. North Dakota State Investment Board acquired a new position in Coty in the fourth quarter valued at $37,000. Vise Technologies Inc. purchased a new stake in shares of Coty in the fourth quarter valued at about $39,000. Finally, Corient Private Wealth LLC acquired a new stake in shares of Coty during the fourth quarter worth about $39,000. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Coty Company Profile

Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty's portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company's product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.

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