JPMorgan Chase & Co. Has Lowered Expectations for Coty (NYSE:COTY) Stock Price

Coty (NYSE:COTY) had its price target cut by investment analysts at JPMorgan Chase & Co. from $7.00 to $6.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 15.72% from the company’s current price.

A number of other equities analysts also recently weighed in on the stock. Morgan Stanley cut their price target on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. DA Davidson reissued a “buy” rating and set a $12.50 target price on shares of Coty in a research report on Thursday, February 6th. The Goldman Sachs Group lowered their price target on shares of Coty from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Evercore ISI decreased their target price on Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company cut their price target on Coty from $7.00 to $6.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.06.

Coty Price Performance

Shares of NYSE COTY opened at $5.19 on Friday. Coty has a fifty-two week low of $4.61 and a fifty-two week 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 50-day simple moving average is $5.63 and its 200 day simple moving average is $6.90. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of -518.50, a PEG ratio of 0.81 and a beta of 1.75.

Coty (NYSE:COTY) last released its quarterly earnings results on Monday, February 10th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. As a group, research analysts anticipate that Coty will post 0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of COTY. Steward Partners Investment Advisory LLC boosted its position in Coty by 317.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock valued at $29,000 after acquiring an additional 3,186 shares in the last quarter. Allworth Financial LP grew its stake in Coty by 145.0% in the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after purchasing an additional 3,328 shares during the period. Blue Trust Inc. raised its holdings in Coty by 124.8% in the fourth quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock worth $49,000 after purchasing an additional 3,877 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Coty by 55.3% during the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock valued at $51,000 after buying an additional 2,601 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Coty during the 4th quarter valued at $54,000. Institutional investors own 42.36% of the company’s stock.

About Coty

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.