This is why Coty Inc. (COTY) Stock is one of the options for the Longer run

As of right now, Coty Inc. [COTY] is trading at $9.79, up 2.30%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The COTY shares have gain 2.84% over the last week, with a monthly amount glided 17.81%, and seem to be holding up well over a long-time horizon.

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On 12, January 2023, Coty Announces Extension of License Agreement With Jil Sander. In a post published today on Yahoo Finance, Today, Coty, one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, skin and body care, and Jil Sander are happy to announce the renewal of their license agreement as well as the mutual decision to proceed with a long running partnership between the two companies.

From an analyst’s perspective:

Coty Inc. [NYSE: COTY] stock has seen the most recent analyst activity on January 03, 2023, when Piper Sandler upgraded its rating to a Overweight and also boosted its price target to $10 from $8. Previously, Piper Sandler reaffirmed its Neutral rating on September 22, 2022, and elevated its price target to $10. Piper Sandler started tracking the stock assigning a Neutral rating and suggested a price target of $8 on June 30, 2022. DA Davidson upgraded its rating to a Buy. Wells Fargo upgraded its rating to Equal Weight for this stock on November 17, 2021, and upped its price target to $11. In a note dated November 09, 2021, Raymond James upgraded an Outperform rating on this stock but restated the target price of $14.

Through the last year, Coty Inc.’s stock price ranged from $5.90 to $10.02. Currently, Wall Street analysts expect the stock to reach $10.77 within the next 12 months. Coty Inc. [NYSE: COTY] shares were valued at $9.79 at the most recent close of the market. An investor can expect a potential return of 10.01% based on the average COTY price forecast.

Analyzing the COTY fundamentals

For Coty Inc., (COTY), the latest quarter sales were 1.39 billion, which represents an 1.30% increase. Gross Margin for this corporation currently stands at +59.58% with Operating Margin at +5.26%, Pretax Margin comes in at +8.05%, and Net Margin reading is +4.78%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.53 points at the first support level, and at 9.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.95, and for the 2nd resistance point, it is at 10.11.

Coty Inc. [COTY] reported earnings per share of -$0.01 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.01/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.03 per share as compared to estimates of $0.01 per share, a difference of $0.02 representing a surprise of 200.00%.

Ratios To Look Out For

It is important to note that Coty Inc. [NYSE:COTY] has a current ratio of 0.70. Further, the Quick Ratio stands at 0.40, while the Cash Ratio is 0.10. Considering the valuation of this stock, the price to sales ratio is 1.26, the price to book ratio is 2.13 and the P/E (TTM) ratio is 117.95.

Transactions by insiders

Insider trading, which has resulted in 7 insider purchases of 340,000 shares and 0 insider sales of 0 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Goudet Olivier, Director, that happened on Nov 15 when 100000.0 shares were purchased. Director, Goudet Olivier completed a deal on Nov 14 to buy 100000.0 shares. Meanwhile, Director Goudet Olivier bought 100000.0 shares on Nov 10.