Royal Bank Of Canada Issues Pessimistic Forecast for Coty (NYSE:COTY) Stock Price

Key Points

• Royal Bank Of Canada has **revised its price target** for Coty stock from **$12.00 to $10.00**, maintaining a "sector perform" rating, suggesting a potential upside of **151.57%** from the current price.
• Other analysts have also lowered their targets, with Canaccord Genuity and Wells Fargo setting objectives at **$4.00**, while the consensus rating for Coty stock remains a "Hold" with a target price of **$6.47**.
• Coty recently reported a **quarterly loss of ($0.05) EPS**, missing expectations, while revenue fell **8.1%** year-over-year, highlighting ongoing challenges for the company.

Coty (NYSE:COTY - Get Free Report) had its target price dropped by stock analysts at Royal Bank Of Canada from $12.00 to $10.00 in a report released on Friday,Briefing.com Automated Import reports. The firm currently has a "sector perform" rating on the stock. Royal Bank Of Canada's price target points to a potential upside of 151.57% from the stock's current price.

Other equities research analysts also recently issued reports about the company. Canaccord Genuity Group decreased their price objective on Coty from $5.00 to $4.00 and set a "hold" rating on the stock in a report on Friday. Wells Fargo & Company dropped their price objective on shares of Coty from $5.00 to $4.00 and set an "equal weight" rating for the company in a research report on Friday. Citigroup restated a "neutral" rating and issued a $4.25 price objective (down previously from $6.50) on shares of Coty in a research report on Thursday. Jefferies Financial Group cut shares of Coty from a "buy" rating to a "hold" rating and dropped their target price for the company from $6.00 to $4.00 in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Coty from $6.00 to $4.00 and set a "hold" rating for the company in a report on Thursday. Four research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $6.47.

Coty Stock Performance

COTY traded up $0.1650 during midday trading on Friday, reaching $3.9750. The company's stock had a trading volume of 3,784,020 shares, compared to its average volume of 7,907,511. The stock has a market cap of $3.47 billion, a P/E ratio of -9.05, a PEG ratio of 0.68 and a beta of 2.00. The company has a fifty day simple moving average of $4.88 and a 200 day simple moving average of $5.17. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 1.03. Coty has a twelve month low of $3.75 and a twelve month high of $10.09.

Coty (NYSE:COTY - Get Free Report) last released its earnings results on Wednesday, August 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.06). The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.20 billion. Coty had a negative net margin of 6.24% and a positive return on equity of 5.10%. The business's quarterly revenue was down 8.1% compared to the same quarter last year. During the same period last year, the business earned ($0.03) EPS. Research analysts expect that Coty will post 0.39 earnings per share for the current year.

Institutional Trading of Coty

A number of hedge funds have recently added to or reduced their stakes in COTY. Corient Private Wealth LLC raised its stake in shares of Coty by 16.6% during the second quarter. Corient Private Wealth LLC now owns 16,062 shares of the company's stock valued at $75,000 after acquiring an additional 2,286 shares during the last quarter. Impact Capital Partners LLC raised its stake in Coty by 21.1% during the second quarter. Impact Capital Partners LLC now owns 13,486 shares of the company's stock worth $63,000 after buying an additional 2,346 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Coty by 4.1% during the second quarter. Teacher Retirement System of Texas now owns 59,580 shares of the company's stock worth $277,000 after buying an additional 2,360 shares during the last quarter. J.W. Cole Advisors Inc. raised its stake in Coty by 23.9% during the second quarter. J.W. Cole Advisors Inc. now owns 12,436 shares of the company's stock worth $58,000 after buying an additional 2,398 shares during the last quarter. Finally, Comerica Bank raised its stake in Coty by 1.6% during the first quarter. Comerica Bank now owns 162,693 shares of the company's stock worth $890,000 after buying an additional 2,639 shares during the last quarter. Institutional investors and hedge funds 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.

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