In yesterday’s Wall Street session, Coty Inc (NYSE:COTY) shares traded at $10.36, down -1.24% from the previous session.
COTY stock price is now -8.94% away from the 50-day moving average and -9.32% away from the 200-day moving average. The market capitalization of the company currently stands at $8.99B.
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With the price target reduced from $13 to $12, Citigroup maintained Neutral rating for Coty Inc (NYSE: COTY). On April 15, 2024, Canaccord Genuity recently initiated its ‘Buy’ rating on the stock quoting a target price of $14, while ‘TD Cowen’ rates the stock as ‘Outperform’
In other news, Singer Robert S, Director sold 30,000 shares of the company’s stock on Mar 06 ’24. The stock was sold for $380,877 at an average price of $12.70. Upon completion of the transaction, the Director now directly owns 120,000 shares in the company, valued at $1.24 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 20,000 shares of the business’s stock. A total of $254,364 was realized by selling the stock at an average price of $12.72. This leaves the insider owning 121,500 shares of the company worth $1.26 million. A total of 56.05% of the company’s stock is owned by insiders.
During the past 12 months, Coty Inc has had a low of $9.02 and a high of $13.46. As of last week, the company has a debt-to-equity ratio of 1.09, a current ratio of 0.80, and a quick ratio of 0.50. According to the stock market information, the enterprise value for the company is $13354511360, which is based on a 45.98 price-to-earnings ratio, a 6.05 price-to-earnings-growth ratio, and a beta of 1.90. The fifty day moving average price for COTY is $11.377 and a two-hundred day moving average price translates $11.4252 for the stock.
The latest earnings results from Coty Inc (NYSE: COTY) was released for 2024-03-31. According to the Household & Personal Products Company, earnings per share came in at 0.01, missing analysts’ expectations of 0.02 by -0.01. This compares to $0.13 EPS in the same period last year. The net profit margin was 3.37% and return on equity was 5.67% for COTY. The company reported revenue of $1.39 billion for the quarter, compared to $1.29 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.5 percent. For the current quarter, analysts expect COTY to generate $1.38B in revenue.
