The stock of Coty Inc. (NYSE:COTY) increased by $0.15 on Monday to finish at $11.87, up 1.28 percent. The last five days have seen an average of 2,869,440 shares of common stock traded. 28 times new highs were reached in the current year, with a gain of $3.31. The average number of shares traded over the last 20 days was 3,393,545, while the average volume over the last 50 days totaled 4,302,192.
COTY stock dropped -2.86% since last month. On 07/27/23, the company’s shares reached a one-month low of $11.55. The stock touched a high of $13.46 on 07/12/23, after rallying from a low of $6.19 in 52 weeks. The price of COTY stock has risen by 38.67% or $3.31 this year, reaching a new high 28 times. Still, the stock price is down -11.81% from the 52-week high.
Insider Transactions
COTY stock investors should be aware that Coty Inc. (COTY) stock had its last reported insider trading activity 273 days ago on Nov 15. On Nov 15, Director Goudet Olivier acquired 100,000 shares at $7.61 each. This transaction resulted in the insider spending $760,980. On Nov 14, Goudet Olivier added 100,000 shares at a price of US$7.56. After the transaction, the insider now owns 939,129 shares. Director Goudet Olivier had earlier bought 100,000 shares on Nov 10 for $7.35 a share. The transaction was completed for $734,760.
Valuation Metrics
Coty Inc. (COTY) has a trailing price-to-earnings (P/E) ratio of 63.48. Beta for the stock is 1.90. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.90, the price-to-book (PB) ratio of 2.70, and the price-to-cash flow ratio of 35.11.
Company paid $0.1250 per share in dividends, remained unchanged from $0.1250 last year.
Financial Health
For the three months ended March 30, Coty Inc.’s quick ratio was 0.40, while its current ratio was 0.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 1.17, and the total debt to equity ratio is 1.19. As far as profitability goes, gross margin for the trailing twelve months is 63.90% percent. Coty Inc.’s EBITDA margin for the year ended March 30 was 16.47%, whereas its operating margin stood at 6.30% for the same period. Based on annual data, it had gross profit of $3.37 billion and revenue of $5.3 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. COTY’s return on assets (ROA) during the last 12 months has been 1.50%. There was a 1.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 5.40%.
Earnings Surprise
According to Coty Inc.’s quarterly financial report for the quarter that ended March 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.29 billion, while revenues rose by 7.97% to $1.52 billion. It was predicted that Coty Inc.’s quarterly earnings would be $0.19, but it ended up being $0.03, beating the consensus by 533.30%. EBITDA was $150.9 million for the quarter. At the end of Coty Inc.’s most recent quarter ended March 30, its liabilities totaled 8.78 billion, while its total debt was $4.61 billion. Equity owned by shareholders amounts to $852.8 million.
Technical Picture
Here’s a quick look at Coty Inc.’s (COTY) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 46.12%, suggesting the stock is Neutral, with a 26.45% historical volatility rate.
The stochastic %K and %D were 24.13% and 22.96% respectively, while the average true range (ATR) was 0.34. Based on the 14-day stochastic reading of 30.48%, the RSI (14) reading is 46.72%. On the 9-day MACD Oscillator, the stock is at -0.14, and the 14-day reading is at -0.15.
Analyst Ratings
Coty Inc. (NYSE: COTY) was downgraded by Jefferies to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Coty Inc. (COTY) an Overweight rating. COTY is a stock that is recommended for selling by 0 brokerage firms, while 9 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 7 others recommend it as a buy.
What is COTY’s price target for the next 12 months?
The current consensus forecast for the stock is between $11.50 and $17.00, with a median target price of $13.50. In analyzing these forecasts, the average price target given by analysts for Coty Inc. (COTY) is $13.63.
