A share price of Coty Inc [COTY] is currently trading at $11.15, down -1.59%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The COTY shares have gain 2.39% over the last week, with a monthly amount drifted -12.07%, and not seem to be holding up well over a long-time horizon.
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On 19, March 2024, Coty Wins this year’s Euronext Best listing Award in the Large Cap category. In a post published today on Yahoo Finance, Coty (NYSE: COTY) (Paris: COTY), one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, skin and body care, has won this year’s Euronext Best Listing Award in the Large Cap category, at the 12th edition of the Euronext Annual Conference held on March 19, 2024 in Paris.
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.
Coty Inc experienced fluctuations in its stock price throughout the past year between $9.02 and $13.46. Currently, Wall Street analysts expect the stock to reach $11.86 within the next 12 months. Coty Inc [NYSE: COTY] shares were valued at $11.15 at the most recent close of the market. An investor can expect a potential return of 6.37% based on the average COTY price forecast.
Analyzing the COTY fundamentals
Trailing Twelve Months sales for Coty Inc [NYSE:COTY] were 6.01B which represents 13.39% growth. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.88.
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 11.05 points at the first support level, and at 10.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.23, and for the 2nd resistance point, it is at 11.32.
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
To put it in perspective, the Current Ratio for Coty Inc [NYSE:COTY] is 0.85. Also, the Quick Ratio is 0.58, while the Cash Ratio stands at 0.16. Considering the valuation of this stock, the price to sales ratio is 1.66, the price to book ratio is 2.26 and price to earnings (TTM) ratio is 32.21.
Transactions by insiders
Recent insider trading involved Singer Robert S, Director, that happened on Mar 06 ’24 when 30000.0 shares were sold. Director, Singer Robert S completed a deal on Mar 06 ’24 to sell 20000.0 shares. Meanwhile, Director Singer Robert S sold 19982.0 shares on Mar 05 ’24.
