At the time of writing, Coty Inc [COTY] stock is trading at $13.10, up 1.00%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The COTY shares have gain 9.53% over the last week, with a monthly amount glided 9.35%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, Coty Completes First Phase of Share Buyback Program. In a post published today on Yahoo Finance, Today, Coty (NYSE: COTY) (Paris: COTY), one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care, is pleased to announce that it has completed the repurchase of 27 million shares at an attractive price relative to current market price as part of its share buyback program, announced on June 10th, 2022.
From an analyst’s perspective:
Coty Inc [NYSE: COTY] stock has seen the most recent analyst activity on February 22, 2024, when TD Cowen upgraded its rating to a Outperform and also boosted its price target to $16 from $13. Previously, TD Cowen started tracking the stock with Market Perform rating on October 17, 2023, and set its price target to $11. On October 10, 2023, Kepler initiated with a Hold rating and assigned a price target of $11.66 on the stock. Jefferies downgraded its rating to a Hold and decreased its price target to $14 on July 27, 2023. Citigroup initiated its recommendation with a Neutral and recommended $15 as its price target on February 17, 2023. Piper Sandler upgraded its rating to Overweight for this stock on January 03, 2023, and upped its price target to $10. In a note dated September 22, 2022, Piper Sandler reiterated an Neutral rating on this stock and boosted its target price from $9 to $10.
For the past year, the stock price of Coty Inc fluctuated between $9.02 and $13.46. Currently, Wall Street analysts expect the stock to reach $11.14 within the next 12 months. Coty Inc [NYSE: COTY] shares were valued at $13.10 at the most recent close of the market. An investor can expect a potential drop of -14.96% based on the average COTY price forecast.
Analyzing the COTY fundamentals
According to Coty Inc [NYSE:COTY], the company’s sales were 6.01B for trailing twelve months, which represents an 13.39% jump. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
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 12.95 points at the first support level, and at 12.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.21, and for the 2nd resistance point, it is at 13.32.
Coty Inc [COTY] reported earnings per share of $0.25 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.2/share, meaning a difference of $0.05 and a surprise factor of 25.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.09 per share as compared to estimates of $0.17 per share, a difference of -$0.08 representing a surprise of -47.10%.
Ratios To Look Out For
It is important to note that Coty Inc [NYSE:COTY] has a current ratio of 0.85. As well, the Quick Ratio is 0.58, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 1.95, the price to book ratio is 2.65 and price to earnings (TTM) ratio is 37.84.
Transactions by insiders
Recent insider trading involved Parize Isabelle, Director, that happened on Oct 09 when 4775.0 shares were purchased. Director, Parize Isabelle completed a deal on Oct 04 to buy 20500.0 shares. Meanwhile, 10% Owner JAB Holdings B.V. bought 3.0 million shares on Oct 02.
