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Coty Inc. (COTY) Stock Could Soon Reward Patient Investors

Coty Inc. (NYSE: COTY) is 14.37% higher on its value in year-to-date trading and has touched a low of $5.90 and a high of $10.02 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The COTY stock was last observed hovering at around $9.57 in the last trading session, with the day’s gains setting it 0.22% off its average median price target of $10.00 for the next 12 months. It is also 34.73% off the consensus price target high of $15.00 offered by 16 analysts, but current levels are -39.86% lower than the price target low of $7.00 for the same period.

Currently trading at $9.79, the stock is 8.12% and 18.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.51 million and changing 2.30% at the moment leaves the stock 29.19% off its SMA200. COTY registered 16.69% gain for a year compared to 6-month gain of 25.03%.

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The stock witnessed a 17.81% loss in the last 1 month and extending the period to 3 months gives it a 52.26%, and is 2.84% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.53% over the week and 2.47% over the month.

Coty Inc. (COTY) has around 11012 employees, a market worth around $8.17B and $5.32B in sales. Current P/E ratio is 117.95 and Fwd P/E is 22.87. Profit margin for the company is 1.60%. Distance from 52-week low is 65.93% and -2.25% from its 52-week high. The company has generated returns on investments over the last 12 months (1.00%).

Coty Inc. (COTY) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Coty Inc. (COTY) is a “Overweight”. 16 analysts offering their recommendations for the stock have an average rating of 2.30, where 8 rate it as a Hold and 1 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Coty Inc. is expected to release its quarterly report on 05/10/2023.The EPS is expected to grow by 130.60% this year.

Coty Inc. (COTY) Top Institutional Holders

The shares outstanding are 842.00M, and float is at 351.59M with Short Float at 4.87%.

Coty Inc. (COTY) Insider Activity

A total of 24 insider transactions have happened at Coty Inc. (COTY) in the last six months, with sales accounting for 5 and purchases happening 19 times. The most recent transaction is an insider purchase by Goudet Olivier,the company’sDirector. SEC filings show that Goudet Olivier bought 100,000 shares of the company’s common stock on Nov 15 at a price of $7.61 per share for a total of $0.76 million. Following the purchase, the insider now owns 1.04 million shares.

Coty Inc. disclosed in a document filed with the SEC on Nov 14 that Goudet Olivier (Director) bought a total of 100,000 shares of the company’s common stock. The trade occurred on Nov 14 and was made at $7.56 per share for $0.76 million. Following the transaction, the insider now directly holds 0.94 million shares of the COTY stock.

Still, SEC filings show that on Nov 10, Goudet Olivier (Director) acquired 100,000 shares at an average price of $7.35 for $0.73 million. The insider now directly holds 839,129 shares of Coty Inc. (COTY).

Coty Inc. (COTY): Who are the competitors?

The company’s main competitors (and peers) include The Estee Lauder Companies Inc. (EL) that is trading -6.69% down over the past 12 months and Inter Parfums Inc. (IPAR) that is 26.97% higher over the same period. The Procter & Gamble Company (PG) is -12.79% down on the 1-year trading charts.

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