News coverage about Coty (NYSE:COTY) has trended somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Coty earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.8792850807847 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
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Accused Bigamist from San Angelo is On the Run Again (sanangelolive.com) Cosmetics Manufacturer Coty Takes Retail Space in Times Square (commercialobserver.com) Analyzing Colgate-Palmolive (CL) and Coty (COTY) (americanbankingnews.com) 3 Movers of Yesterday- Coty Inc. (NYSE:COTY), Alphabet Inc. (NASDAQ:GOOG), QIAGEN NV (NYSE:QGEN) (journalfinance.net) Trending Hot Stock’s Analysis Coty Inc. (NYSE:COTY) (nasdaqjournal.com)
A number of research firms recently commented on COTY. BMO Capital Markets raised their price objective on shares of Coty from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, February 9th. JPMorgan Chase raised their price objective on shares of Coty from $15.00 to $17.00 and gave the company an “underweight” rating in a research note on Monday, February 12th. Citigroup raised their price objective on shares of Coty from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Barclays set a $20.00 price objective on shares of Coty and gave the company a “hold” rating in a research note on Saturday, February 10th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Coty in a research note on Friday, February 9th. Five analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $19.71.
Coty stock traded up $0.13 during mid-day trading on Friday, hitting $16.07. The company’s stock had a trading volume of 4,886,701 shares, compared to its average volume of 4,310,813. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.66 and a current ratio of 0.93. The firm has a market cap of $11,952.83, a price-to-earnings ratio of 25.51, a price-to-earnings-growth ratio of 1.72 and a beta of 0.38. Coty has a twelve month low of $14.24 and a twelve month high of $21.68.
Coty (NYSE:COTY) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.08. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.48 billion. Coty had a negative net margin of 4.15% and a positive return on equity of 4.45%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 earnings per share. equities analysts predict that Coty will post 0.71 EPS for the current fiscal year.
In other news, major shareholder Cosmetics B.V. Jab acquired 4,100,000 shares of the stock in a transaction on Wednesday, February 14th. The shares were purchased at an average cost of $20.60 per share, for a total transaction of $84,460,000.00. Following the transaction, the insider now owns 287,558,041 shares in the company, valued at approximately $5,923,695,644.60. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.00% of the company’s stock.
Coty Company Profile
Coty Inc, together with its subsidiaries, manufactures, markets, sells, and distributes beauty products worldwide. It operates in three segments: Consumer Beauty, Luxury, and Professional Beauty. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care products, and mass fragrances primarily through hypermarkets, supermarkets, drug stores and pharmacies, mid-tier department stores, and traditional food and drug retailers, as well as own branded e-commerce and direct to consumer Websites.