While Coty Inc has underperformed by -2.70%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, COTY fell by -55.95%, with highs and lows ranging from $13.30 to $5.42, whereas the simple moving average fell by -32.50% in the last 200 days.
On December 13, 2024, Goldman started tracking Coty Inc (NYSE: COTY) recommending Neutral. A report published by TD Cowen on November 13, 2024, Downgraded its rating to ‘Hold’ for COTY. Barclays also Downgraded COTY shares as ‘Underweight’, setting a target price of $7 on the company’s shares in a report dated November 07, 2024. Deutsche Bank Reiterated the rating as Buy on October 16, 2024, but set its price target from $14 to $12. Jefferies October 07, 2024d its ‘Hold’ rating to ‘Buy’ for COTY, as published in its report on October 07, 2024. Citigroup’s report from April 16, 2024 suggests a price prediction of $12 for COTY shares, giving the stock a ‘Neutral’ rating. Canaccord Genuity also rated the stock as ‘Buy’.
Analysis of Coty Inc (COTY)
Further, the quarter-over-quarter decrease in sales is -3.34%, showing a negative 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 0.33% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.45, 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 6.01M. On a monthly basis, the volatility of the stock is set at 4.14%, whereas on a weekly basis, it is put at 4.06%, with a gain of 4.34% over the past seven days. Furthermore, long-term investors anticipate a median target price of $8.30, showing growth from the present price of $5.77, 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?
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 57.88%. 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 40.69% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
