While Coty Inc has underperformed by -2.32%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, COTY fell by -18.05%, with highs and lows ranging from $13.30 to $7.95, whereas the simple moving average fell by -25.21% in the last 200 days.
On October 16, 2024, Deutsche Bank Reiterated Coty Inc (NYSE: COTY) to Buy. A report published by Jefferies on October 07, 2024, Upgraded its rating to ‘Buy’ for COTY. Citigroup also reiterated COTY shares as ‘Neutral’, quoting a target price of $12 on the company’s shares in a report dated April 16, 2024. Canaccord Genuity Initiated an Buy rating on April 15, 2024, and assigned a price target of $14. TD Cowen February 22, 2024d its ‘Market Perform’ rating to ‘Outperform’ for COTY, as published in its report on February 22, 2024. TD Cowen’s report from October 17, 2023 suggests a price prediction of $11 for COTY shares, giving the stock a ‘Market Perform’ rating. Kepler also rated the stock as ‘Hold’.
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Analysis of Coty Inc (COTY)
Further, the quarter-over-quarter increase in sales is 0.87%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Coty Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 2.34% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.46, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and COTY is recording an average volume of 4.24M. On a monthly basis, the volatility of the stock is set at 2.97%, whereas on a weekly basis, it is put at 4.21%, with a loss of -11.02% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.49, showing growth from the present price of $7.99, which can serve as yet another indication of whether COTY is worth investing in or should be passed over.
How Do You Analyze Coty Inc Shares?
A leading company in the Household & Personal Products sector, Coty Inc (COTY) is based in the USA. When comparing Coty Inc shares with other companies under Consumer Defensive, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 105.69, there is a growth in quarterly earnings of -437.43%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 58.04%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 40.42% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
COTY shares are owned by institutional investors to the tune of 40.42% at present.
