Coty (NYSE:COTY) Downgraded to "Market Perform" Rating by Raymond James

Coty (NYSE:COTY - Get Free Report) was downgraded by investment analysts at Raymond James from an "outperform" rating to a "market perform" rating in a research note issued to investors on Thursday, MarketBeat reports.

A number of other research firms also recently weighed in on COTY. Citigroup upgraded Coty from a "neutral" rating to a "buy" rating and raised their price target for the company from $7.00 to $8.00 in a research note on Thursday, March 20th. Wells Fargo & Company reissued a "positive" rating on shares of Coty in a research report on Wednesday, April 16th. Barclays dropped their price objective on shares of Coty from $5.00 to $4.50 and set an "underweight" rating on the stock in a research report on Friday, April 11th. Stifel Nicolaus dropped their price target on Coty from $8.00 to $6.50 and set a "hold" rating for the company in a report on Thursday, April 10th. Finally, Evercore ISI decreased their target price on shares of Coty from $15.00 to $10.00 and set an "outperform" 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 issued a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Coty currently has a consensus rating of "Hold" and an average target price of $8.24.

Coty Stock Down 0.5 %

Coty stock traded down $0.03 during midday trading on Thursday, reaching $4.76. The stock had a trading volume of 1,750,131 shares, compared to its average volume of 5,255,676. Coty has a 1-year low of $4.56 and a 1-year high of $11.81. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71. The firm's fifty day simple moving average is $5.43 and its 200-day simple moving average is $6.70. The stock has a market capitalization of $4.15 billion, a P/E ratio of -475.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75.

Coty (NYSE:COTY - Get Free Report) 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 6.34% and a net margin of 0.22%. As a group, analysts expect that Coty will post 0.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Coty

Institutional investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC lifted its holdings in Coty by 317.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock valued at $29,000 after buying an additional 3,186 shares during the period. GAMMA Investing LLC boosted its stake in 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 acquiring an additional 3,214 shares in the last quarter. Allworth Financial LP grew its stake in shares of Coty by 145.0% in the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company's stock valued at $42,000 after buying an additional 3,328 shares during the period. Blue Trust Inc. increased its holdings in shares of Coty by 124.8% during the fourth quarter. Blue Trust Inc. now owns 6,984 shares of the company's stock valued at $49,000 after acquiring an additional 3,877 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Coty by 55.3% in 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 in the last quarter. 42.36% of the stock is owned by institutional investors.

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.