JP Morgan equity researchers changed the status of Coty Inc. (NYSE: COTY) shares from “Underweight” to a “Neutral” rating in the report published on January 4th, 2019. Other analysts, including Morgan Stanley, also published their reports on COTY shares. Morgan Stanley repeated the rating from the previous report, marking COTY under “Equal-Weight” rating, in the report published on November 8th, 2018. Additionally, COTY shares got another “Overweight” rating from Morgan Stanley. On the other hand, BofA/Merrill Downgrade the “Underperform” rating for COTY shares, as published in the report on August 16th, 2018. Berenberg seems to be going bullish on the price of COTY shares, based on the price prediction for COTY. Another “Outperform” rating came from Consumer Edge Research.Coty Inc. (COTY) Analysis
The present dividend yield for COTY owners is set at 0.04, marking the return investors will get regardless of the company’s performance in the upcoming period. In addition, the growth of sales from quarter to quarter is recording -4.80%, hinting the company’s progress in the upcoming progress.
With having an insight into the fundamental values of Coty Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. COTY showed a rise of 71.04% within its YTD performance, with highs and lows between $5.91 – $18.90 during the period of 52 weeks, compared to the simple moving average of 3.24% in the period of the last 200 days.
In order to gain a clear insight on the performance of Coty Inc. (COTY) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of -14.20% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 0.70 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.
Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while COTY is currently recording an average of 12.42M in volumes. The volatility of the stock on monthly basis is set at 1.82%, while the weekly volatility levels are marked at 1.68%with 3.03% of gain in the last seven days. Additionally, long-term investors are predicting the target price of $10.94, indicating growth from the present price of $11.22, which can represent yet another valuable research and analysis points that can help you decide whether to invest in COTY or pass.What to Look for When Analyzing Coty Inc. Shares?
Coty Inc. (COTY) is based in the USA and it represents one of the well-known company operating with Consumer Goods sector. If you wish to compare COTY shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of for Coty Inc., while the value 15.16 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value -1.59 is supported by the yearly ESP growth of 74.00%.
Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 40.60%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 67.40% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.Are Institutional Investors Increasing Stakes in COTY Shares?
It appears that more than several institutional investors and hedge funds decided to increase stakes in COTY in the recent period. That is how Fidelity Management & Research Co now has an increase position in COTY by 6.32% in the first quarter, owning 57.7 million shares of COTY stocks, with the value of $634.66 million after the purchase of an additional 3,432,144 shares during the last quarter. In the meanwhile, The Vanguard Group, Inc. also increased their stake in COTY shares changed 8.97% in the first quarter, which means that the company now owns 48.79 million shares of company, all valued at $536.72 million after the acquisition of additional 4,016,358 shares during the last quarter.
Newton Investment Management Ltd. acquired a new position in Coty Inc. during the first quarter, with the value of $284.01 million, and BlackRock Fund Advisors increased their stake in the company’s shares by 6.53% in the first quarter, now owning 1,336,909 shares valued at $239.98 million after the acquisition of the additional 21.82 million shares during the last quarter. In the end, SSgA Funds Management, Inc. increased their position by 13.05% during the first quarter, now owning 19.31 million COTY shares, now holding the value of $212.46 million in COTY with the purchase of the additional 326,578 shares during the period of the last quarter. At the present, 67.40% of COTY shares are in the ownership of institutional investors.
Coty Inc., COTY, NYSE:COTY, COTY stock, COTY stock price