Coty (NYSE:COTY) Given New $3.00 Price Target at Barclays

Coty (NYSE:COTY – Get Free Report) had its price target lifted by equities research analysts at Barclays from $2.00 to $3.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an “underweight” rating on the stock. Barclays‘s price target would suggest a potential downside of 30.48% from the company’s previous close.

COTY has been the topic of several other research reports. Wall Street Zen raised Coty from a “hold” rating to a “buy” rating in a research note on Saturday. Royal Bank Of Canada increased their price target on shares of Coty from $3.00 to $3.50 and gave the stock a “sector perform” rating in a research report on Friday. Citigroup increased their price target on shares of Coty from $2.80 to $3.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 14th. Morgan Stanley raised their price target on shares of Coty from $2.50 to $2.75 and gave the stock an “equal weight” rating in a report on Tuesday, August 25th. Finally, Weiss Ratings cut shares of Coty from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 30th. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Coty has a consensus rating of “Reduce” and an average price target of $3.35.

Check Out Our Latest Stock Analysis on COTY

Coty Stock Up 6.5%

Shares of Coty stock traded up $0.27 during midday trading on Monday, hitting $4.32. The company’s stock had a trading volume of 1,155,450 shares, compared to its average volume of 8,693,903. Coty has a 1-year low of $1.82 and a 1-year high of $4.34. The company has a quick ratio of 0.45, a current ratio of 0.75 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $3.80 billion, a P/E ratio of -6.62, a PEG ratio of 0.65 and a beta of 0.82. The stock has a 50-day simple moving average of $2.94 and a 200-day simple moving average of $2.55.

Coty (NYSE:COTY – Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.53 billion. Coty had a positive return on equity of 7.11% and a negative net margin of 9.74%. Coty’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 earnings per share. As a group, sell-side analysts expect that Coty will post 0.33 earnings per share for the current year.

Institutional Trading of Coty

A number of institutional investors have recently bought and sold shares of the company. AlphaGrep UK Ltd bought a new stake in Coty in the second quarter worth approximately $25,000. Moss Adams Wealth Advisors LLC acquired a new position in shares of Coty during the 3rd quarter worth $29,000. Gryphon Financial Partners LLC acquired a new position in shares of Coty during the 3rd quarter worth $29,000. Elmwood Wealth Management Inc. bought a new position in shares of Coty during the 3rd quarter valued at $34,000. Finally, Vise Technologies Inc. bought a new position in shares of Coty during the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 42.36% of the company’s stock.

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