Morgan Stanley Issues Pessimistic Forecast for Coty (NYSE:COTY) Stock Price

Coty (NYSE:COTY) had its price target lowered by Morgan Stanley from $9.00 to $7.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 21.87% from the stock’s previous close.

Several other equities research analysts have also weighed in on COTY. Jefferies Financial Group cut their target price on Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Raymond James decreased their price objective on Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. JPMorgan Chase & Co. reduced their price target on Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. The Goldman Sachs Group began coverage on Coty in a report on Friday, December 13th. They issued a “neutral” rating and a $9.00 price target for the company. Finally, TD Cowen downgraded Coty from a “buy” rating to a “hold” rating and dropped their price objective for the company from $11.00 to $8.50 in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.17.

Coty Stock Performance

NYSE COTY opened at $5.74 on Wednesday. The stock’s fifty day moving average is $7.09 and its two-hundred day moving average is $8.07. The firm has a market capitalization of $5.00 billion, a P/E ratio of 33.79, a price-to-earnings-growth ratio of 0.72 and a beta of 1.89. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. Coty has a fifty-two week low of $5.64 and a fifty-two week high of $13.30.

Coty (NYSE:COTY) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a net margin of 2.78% and a return on equity of 9.16%. On average, research analysts anticipate that Coty will post 0.51 earnings per share for the current year.

Hedge Funds Weigh In On Coty

Hedge funds have recently bought and sold shares of the business. Retirement Systems of Alabama grew its position in Coty by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 444,245 shares of the company’s stock worth $3,092,000 after buying an additional 1,472 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Coty by 3.8% in the third quarter. State of Alaska Department of Revenue now owns 42,339 shares of the company’s stock valued at $397,000 after acquiring an additional 1,545 shares during the last quarter. Stephens Inc. AR raised its stake in shares of Coty by 12.0% in the fourth quarter. Stephens Inc. AR now owns 15,588 shares of the company’s stock valued at $108,000 after acquiring an additional 1,672 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Coty by 16.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company’s stock worth $94,000 after purchasing an additional 1,893 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in Coty by 26.9% in the 4th quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company’s stock worth $69,000 after purchasing an additional 2,110 shares during the last quarter. 42.36% of the stock is owned by institutional investors and hedge funds.

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.