Stocks of Coty Inc (NYSE:COTY) traded higher last session on Wall Street, up 0.94% to $7.54.
COTY stock price is now -13.36% away from the 50-day moving average and -27.32% away from the 200-day moving average. The market capitalization of the company currently stands at $6.54B.
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With the price target reduced from $14 to $12, Deutsche Bank maintained Buy rating for Coty Inc (NYSE: COTY). On October 07, 2024, Jefferies Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $11 to quote $12, while ‘Citigroup’ rates the stock as ‘Neutral’
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 $1.28 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 $0.9 million. A total of 58.01% of the company’s stock is owned by insiders.
During the past 12 months, Coty Inc has had a low of $7.34 and a high of $13.30. As of last week, the company has a debt-to-equity ratio of 1.11, a current ratio of 0.75, and a quick ratio of 0.46. According to the stock market information, the enterprise value for the company is $10791252992, which is based on a 99.74 price-to-earnings ratio, a 34.63 price-to-earnings-growth ratio, and a beta of 1.92. The fifty day moving average price for COTY is $8.7454 and a two-hundred day moving average price translates $10.3984 for the stock.
The latest earnings results from Coty Inc (NYSE: COTY) was released for 2024-06-30. The net profit margin was 1.25% and return on equity was 2.34% for COTY. The company reported revenue of $1.36 billion for the quarter, compared to $1.35 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.87 percent.
