Coty Inc (NYSE:COTY) shares traded -0.73% lower at $6.81 on Wall Street last session.
COTY stock price is now -7.43% away from the 50-day moving average and -27.30% away from the 200-day moving average. The market capitalization of the company currently stands at $5.88B.
With the price target of $9, Goldman recently initiated with Neutral rating for Coty Inc (NYSE: COTY). On November 13, 2024, TD Cowen Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $11 to quote $8.50, while ‘Barclays’ rates the stock as ‘Underweight’
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 $1.16 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 $0.82 million. A total of 57.88% of the company’s stock is owned by insiders.
During the past 12 months, Coty Inc has had a low of $6.80 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 $10292507648, which is based on a 40.42 price-to-earnings ratio, a 2.22 price-to-earnings-growth ratio, and a beta of 1.89. The fifty day moving average price for COTY is $7.3568 and a two-hundred day moving average price translates $9.3669 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.
