Stocks of Coty Inc (NYSE:COTY) traded higher last session on Wall Street, up 0.19% to $10.83.
According to the data, Coty Inc (NYSE:COTY) has 20 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $17.00 and a low of $10.00, we find $13.00. Given the previous closing price of $10.81, this indicates a potential upside of 20.26 percent. COTY stock price is now 3.63% away from the 50-day moving average and -4.41% away from the 200-day moving average. The market capitalization of the company currently stands at $9.66B.
A total of 10 analysts have issued a hold rating and 9 have given it a buy rating. Brokers who have rated the stock have averaged $12.81 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 $0.67 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 $0.61 million. Insiders disposed of 6,133,601 shares of company stock worth roughly $66.43 million over the past 1 year. A total of 58.47% of the company’s stock is owned by insiders.
Wednesday’s opening bell rang with an opening price of $10.80 for Coty Inc (NYSE: COTY). During the past 12 months, Coty Inc has had a low of $7.35 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 0.79, and a quick ratio of 0.49. According to the stock market information, the enterprise value for the company is $13.96B, which is based on a 25.87 price-to-earnings ratio, a 1.41 price-to-earnings-growth ratio, and a beta of 1.91. The fifty day moving average price for COTY is $10.45 and a two-hundred day moving average price translates $11.33 for the stock.
The latest earnings results from Coty Inc (NYSE: COTY) was released for Sep, 2023. According to the Household & Personal Products Company, earnings per share came in at $0.09, missing analysts’ expectations of $0.17 by -0.08. This compares to $0.15 EPS in the same period last year. The net profit margin was 6.34% and return on equity was 11.26% for COTY. The company reported revenue of $1.64 billion for the quarter, compared to $1.39 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.09 percent. For the current quarter, analysts expect COTY to generate $1.66B in revenue.