In yesterday’s Wall Street session, Coty Inc (NYSE:COTY) shares traded at $9.32, down -0.53% from the previous session.
19 analysts cover Coty Inc (NYSE:COTY), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $15.00 and a low of $10.00, we find $13.00. Given the previous closing price of $9.37, this indicates a potential upside of 38.74 percent. COTY stock price is now -13.13% away from the 50-day moving average and -17.66% away from the 200-day moving average. The market capitalization of the company currently stands at $8.00B.
The stock has received a hold rating from 10 analysts and a buy rating from 8. Brokers who have rated the stock have averaged $12.78 as their price target over the next twelve months.
With the price target of $11, TD Cowen recently initiated with Market Perform rating for Coty Inc (NYSE: COTY).
In other news, Parize Isabelle, Director bought 4,775 shares of the company’s stock on Oct 09. The stock was bought for $50,138 at an average price of $10.50. Upon completion of the transaction, the Director now directly owns 61,500 shares in the company, valued at $0.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 04, Director Parize Isabelle bought 20,500 shares of the business’s stock. A total of $210,945 was incurred on buying the stock at an average price of $10.29. This leaves the insider owning 56,725 shares of the company worth $0.53 million. Insiders disposed of 6,049,102 shares of company stock worth roughly $56.38 million over the past 1 year. A total of 58.47% of the company’s stock is owned by insiders.
On Wednesday morning Coty Inc (NYSE: COTY) stock kicked off with the opening price of $9.15. During the past 12 months, Coty Inc has had a low of $6.28 and a high of $13.46. As of last week, the company has a debt-to-equity ratio of 1.23, a current ratio of 0.75, and a quick ratio of 0.44. According to the stock market information, the enterprise value for the company is $12.79B, which is based on a 16.56 price-to-earnings ratio, a 0.91 price-to-earnings-growth ratio, and a beta of 1.90. The fifty day moving average price for COTY is $10.73 and a two-hundred day moving average price translates $11.32 for the stock.
The latest earnings results from Coty Inc (NYSE: COTY) was released for Jun, 2023. According to the Household & Personal Products Company, earnings per share came in at $0.01, missing analysts’ expectations of $0.02 by -0.01. This compares to -$0.35 EPS in the same period last year. The net profit margin was 8.91% and return on equity was 14.59% for COTY. The company reported revenue of $1.35 billion for the quarter, compared to $1.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.69 percent. For the current quarter, analysts expect COTY to generate $1.58B in revenue.
Coty Inc(COTY) Company Profile
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. The company provides Consumer Beauty segment products primarily through hypermarkets, supermarkets, drug stores, pharmacies, mid-tier department stores, traditional food and drug retailers, and e-commerce retailers under the Adidas, Beckham, Biocolor, Bozzano, Bourjois, Bruno Banani, CoverGirl, Jovan, Max Factor, Mexx, Monange, Nautica, Paixao, Rimmel, Risque, and Sally Hansen brands. It also sells its products through third-party distributors. The company was founded in 1904 and is headquartered in New York, New York. Coty Inc. is a subsidiary of JAB Beauty B.V.
