Coty Inc (NYSE:COTY) shares traded unchanged at $7.41 on Wall Street last session.
COTY stock price is now -8.51% away from the 50-day moving average and -25.86% away from the 200-day moving average. The market capitalization of the company currently stands at $6.45B.
With the price target reduced from $11 to $8.50, TD Cowen Downgraded its rating from Buy to Hold for Coty Inc (NYSE: COTY). On November 07, 2024, Barclays Downgraded its previous ‘Equal Weight’ rating to ‘Underweight’ on the stock reducing its target price from $8 to quote $7, while ‘Deutsche Bank’ rates the stock as ‘Buy’
In other news, Singer Robert S, Director sold 90,000 shares of the company’s stock on Mar 04 ’24. The stock was sold for $1,130,058 at an average price of $12.56. Upon completion of the transaction, the Director now directly owns 169,982 shares in the company, valued at $1.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 06 ’24, Director Singer Robert S sold 30,000 shares of the business’s stock. A total of $380,877 was realized by selling the stock at an average price of $12.70. This leaves the insider owning 120,000 shares of the company worth $0.89 million. A total of 58.02% of the company’s stock is owned by insiders.
During the past 12 months, Coty Inc has had a low of $6.93 and a high of $13.30. As of last week, the company has a debt-to-equity ratio of 1.08, a current ratio of 0.85, and a quick ratio of 0.55. According to the stock market information, the enterprise value for the company is $10814446592, which is based on a 43.98 price-to-earnings ratio, a 2.34 price-to-earnings-growth ratio, and a beta of 1.90. The fifty day moving average price for COTY is $8.1364 and a two-hundred day moving average price translates $10.01465 for the stock.
The latest earnings results from Coty Inc (NYSE: COTY) was released for 2024-09-30. The net profit margin was 2.56% and return on equity was 4.40% for COTY. The company reported revenue of $1.67 billion for the quarter, compared to $1.64 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.83 percent.
