Coty (NYSE:COTY) had its target price lowered by JPMorgan Chase & Co. from $13.00 to $11.00 in a research note issued to investors on Friday morning. JPMorgan Chase & Co. currently has an underweight rating on the stock.

A number of other research analysts also recently commented on the stock. Wells Fargo & Co reaffirmed a hold rating on shares of Coty in a research report on Tuesday, July 17th. Zacks Investment Research raised shares of Coty from a sell rating to a hold rating in a research report on Monday, July 23rd. Consumer Edge raised shares of Coty from a neutral rating to an outperform rating in a research report on Tuesday, May 8th. Deutsche Bank downgraded shares of Coty from a buy rating to a hold rating and set a $20.00 target price on the stock. in a research report on Friday, May 11th. Finally, Berenberg Bank raised shares of Coty from a sell rating to a hold rating in a research report on Thursday, May 10th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. Coty presently has an average rating of Hold and a consensus price target of $17.50.

NYSE COTY opened at $11.73 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $9.04 billion, a P/E ratio of 18.62, a P/E/G ratio of 1.30 and a beta of 0.28. Coty has a 12 month low of $11.32 and a 12 month high of $21.68.

A number of institutional investors have recently modified their holdings of the business. LS Investment Advisors LLC lifted its stake in shares of Coty by 15.9% in the 1st quarter. LS Investment Advisors LLC now owns 25,339 shares of the company’s stock worth $464,000 after acquiring an additional 3,470 shares during the period. Bayesian Capital Management LP lifted its stake in shares of Coty by 6.3% in the 1st quarter. Bayesian Capital Management LP now owns 69,411 shares of the company’s stock worth $1,270,000 after acquiring an additional 4,100 shares during the period. Nissay Asset Management Corp Japan ADV lifted its stake in shares of Coty by 10.7% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 43,470 shares of the company’s stock worth $613,000 after acquiring an additional 4,200 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Coty by 15.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 33,010 shares of the company’s stock worth $606,000 after acquiring an additional 4,418 shares during the period. Finally, Financial Advantage Inc. lifted its stake in shares of Coty by 5.5% in the 2nd quarter. Financial Advantage Inc. now owns 91,830 shares of the company’s stock worth $1,294,000 after acquiring an additional 4,780 shares during the period. 66.29% of the stock is currently owned by institutional investors.

Coty Company Profile

Coty Inc, together with its subsidiaries, manufactures, markets, sells, and distributes beauty products worldwide. It operates in three segments: Consumer Beauty, Luxury, and Professional Beauty. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care products, and mass fragrances primarily through hypermarkets, supermarkets, drug stores and pharmacies, mid-tier department stores, and traditional food and drug retailers, as well as own branded e-commerce and direct to consumer Websites.

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Analyst Recommendations for Coty (NYSE:COTY)

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