Evercore ISI raised the price target for the Coty Inc. (NYSE:COTY) stock from “an In-line” to “an Outperform”. The rating was released on February 10, 2021. We previously noted in another research note published on December 08, 2020 by Wells Fargo that downgraded the stock from an Equal weight to an Underweight with a price target of $5 for COTY stock. The research report from Citigroup has upgraded the stock from Neutral to Buy, with a price target set at $10. The stock was upgraded by Jefferies, who disclosed in a research note on October 07, 2020, from Hold to Buy and set the price objective to $4. In their research brief published September 25, 2020, Citigroup analysts upgraded the Coty Inc. stock from Sell to Neutral with a price target of $3.25.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.12 during the last quarter as opposed to a consensus estimate of $0.07, which indicates the company beat its estimate by $0.05, which implies that the company surprised the market by 71.40%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2021) is $0.01. This is an average of 12 analysts’ earnings, where the high earnings per share estimate is $0.03 and the low earnings per share estimate is -$0.02. According to 7 analyst estimates, an average revenue estimate of $1.03B is projected for the current quarter with a high revenue estimate of $1.06B and a low estimate of $1.02B.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Coty Inc. (NYSE:COTY) raised 3.65% to close Tuesday’s market session at $10.22, higher as compared to yesterday’s close. The stock price fluctuated between $9.98 and $10.39 throughout the trading session with the volume trading being 8408406 shares, which represented a significant variation when compared to the three months average volume of 12.09 million shares. The firm’s stock price fluctuated 17.61% within the last five trades and 16.40% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 201.47% in the last 6 months and 50.74% was added to its value over the previous 3 months. COTY stock is trading at a margin of 13.50%, 19.99% and 75.59% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, COTY deals in the Consumer Defensive domain. The stock is trading 0.59 percent below its 52-week high and 285.66 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 106.87. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Coty Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $7.28 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 46.45. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.75 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 2.54, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.30 percent of Coty Inc. shares are owned by insiders, and 47.30 percent are held by financial institutions. Singer Robert S, the Director at Coty Inc. (COTY) has bought 75,000 shares of firm on Feb 11 at a price of $6.63 against the total amount of $0.5 million. In another inside trade, Goudet Olivier, Director of Coty Inc. (NYSE:COTY) bought 50,000 shares of the firm on Feb 11 for a total worth of $0.34 million at a price of $6.86. An inside trade which took place on Dec 11, Chief Corp. Affairs Officer of Coty Inc. von Bayern Anna bought 22,000 shares of firm against total price of $0.16 million at the cost of $7.21 per share.
How Coty Inc. (COTY) Stock Is Sustainable?
To Conclude, the score of Environmental, Social and Governance (ESG) has been traditionally used by investors to measure the actions of corporations and to make their future financial predictions. According to the ESG rating scale, there are five hazard levels in the scale: marginal, weak, moderate, high, and extreme. The next generation ESG score is a scale from 0 to 100 where 100 represents the most extreme situation. The score was designed to assist investors at safety and investment level in identifying and recognizing financially relevant ESG threats. A current assessment of the Coty Inc.’s sustainability factors indicates that it scores at 65 or 65th percentile overall, with an Environment Score of 13 or 13 percentile, a Social Score of 11 or 11 percentile, and a Governance Score of 9 or 9 percentile.