Coty (NYSE:COTY) PT Lowered to $11.00 at Deutsche Bank Aktiengesellschaft

Coty (NYSE:COTYGet Rating) had its target price reduced by Deutsche Bank Aktiengesellschaft from $12.00 to $11.00 in a research note published on Tuesday morning, The Fly reports.

Several other equities analysts have also recently commented on the stock. Raymond James lowered their price target on shares of Coty from $13.00 to $12.00 and set an outperform rating on the stock in a report on Monday, April 18th. StockNews.com raised shares of Coty from a hold rating to a buy rating in a research note on Saturday, April 30th. Morgan Stanley lifted their price objective on shares of Coty from $8.25 to $11.00 and gave the company an equal weight rating in a research note on Tuesday, January 18th. JPMorgan Chase & Co. reduced their price objective on shares of Coty from $12.00 to $10.00 and set a neutral rating for the company in a research note on Wednesday, March 30th. Finally, Zacks Investment Research raised shares of Coty from a hold rating to a buy rating and set a $10.00 price objective for the company in a research note on Thursday, January 20th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of $11.05.

Coty stock opened at $6.58 on Tuesday. The company’s fifty day simple moving average is $8.28 and its 200-day simple moving average is $9.08. The company has a quick ratio of 0.55, a current ratio of 0.69 and a debt-to-equity ratio of 1.14. Coty has a 12 month low of $6.03 and a 12 month high of $11.12. The stock has a market cap of $5.39 billion, a P/E ratio of 43.87 and a beta of 2.37.

Coty (NYSE:COTYGet Rating) last posted its quarterly earnings results on Monday, May 9th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. Coty had a net margin of 3.93% and a return on equity of 6.85%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.15 billion. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. On average, equities research analysts expect that Coty will post 0.27 earnings per share for the current fiscal year.

In related news, insider Bretten Gordon Von acquired 12,392 shares of the business’s stock in a transaction dated Thursday, March 10th. The stock was acquired at an average price of $7.87 per share, with a total value of $97,525.04. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sue Nabi acquired 4,786 shares of the business’s stock in a transaction dated Thursday, March 10th. The shares were bought at an average cost of $8.00 per share, with a total value of $38,288.00. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 37,692 shares of company stock valued at $290,907. Company insiders own 3.10% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Moors & Cabot Inc. acquired a new position in shares of Coty during the third quarter valued at about $287,000. First Quadrant L P CA acquired a new position in shares of Coty during the fourth quarter valued at about $42,000. NN Investment Partners Holdings N.V. bought a new stake in Coty in the fourth quarter valued at about $43,000. Amplius Wealth Advisors LLC bought a new stake in Coty in the fourth quarter valued at about $46,000. Finally, Nisa Investment Advisors LLC bought a new stake in Coty in the fourth quarter valued at about $41,000. 37.60% of the stock is owned by institutional investors and hedge funds.

About Coty (Get Rating)

Coty Inc, together with its subsidiaries, engages in the manufacture, marketing, distribution, and sale of beauty products worldwide. The company provides prestige fragrances, skin care, and color cosmetics products through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Alexander McQueen, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lacoste, Lancaster, Marc Jacobs, Miu Miu, Nikos, philosophy, Kim Kardashian West, and Tiffany & Co brands.

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