Coty Inc. [NYSE: COTY] traded at a high on 03/30/21, posting a 2.46 gain after which it closed the day’ session at $9.15. The company report on March 3, 2021 that Coty to Partner With LanzaTech to Pioneer New Sustainable Fragrance Production.
Fragrance products to contain sustainable ethanol, created using carbon-capture technology.
Coty targets majority of fragrance portfolio using carbon-captured ethanol by 2023.
The results of the trading session contributed to over 6582031 shares changing hands. Over the past one week, the price volatility of Coty Inc. stands at 5.86% while the volatility over the past one month is 5.75%.
The market cap for COTY stock reached $6.86 billion, with 764.60 million shares outstanding and 288.86 million shares in the current float. Compared to the average trading volume of 12.89M shares, COTY reached a trading volume of 6582031 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Coty Inc. [COTY]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for COTY shares is $7.77 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on COTY stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Evercore ISI have made an estimate for Coty Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 10, 2021. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $4 to $5. The new note on the price target was released on December 08, 2020, representing the official price target for Coty Inc. stock. Previously, the target price had yet another raise from $4.50 to $10, while Citigroup kept a Buy rating on COTY stock.
The Average True Range (ATR) for Coty Inc. is set at 0.50, with the Price to Sales ratio for COTY stock in the period of the last 12 months amounting to 1.65. The Price to Book ratio for the last quarter was 2.28, with the Price to Cash per share for the same quarter was set at 0.73.
How has COTY stock performed recently?
Coty Inc. [COTY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.51. With this latest performance, COTY shares gained by 13.38% in over the last four-week period, additionally plugging by 232.73% over the last 6 months – not to mention a rise of 69.13% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for COTY stock in for the last two-week period is set at 61.03, with the RSI for the last a single of trading hit 62.90, and the three-weeks RSI is set at 60.11 for Coty Inc. [COTY]. The present Moving Average for the last 50 days of trading for this stock 7.74, while it was recorded at 8.71 for the last single week of trading, and 5.42 for the last 200 days.
Coty Inc. [COTY]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Coty Inc. [COTY] shares currently have an operating margin of -8.20 and a Gross Margin at +53.15. Coty Inc.’s Net Margin is presently recorded at -23.19.
Return on Total Capital for COTY is now -3.07, given the latest momentum, and Return on Invested Capital for the company is -9.12. Return on Equity for this stock declined to -28.82, with Return on Assets sitting at -6.36. When it comes to the capital structure of this company, Coty Inc. [COTY] has a Total Debt to Total Equity ratio set at 306.82. Additionally, COTY Total Debt to Total Capital is recorded at 75.42, with Total Debt to Total Assets ending up at 55.11. Long-Term Debt to Equity for the company is recorded at 297.05, with the Long-Term Debt to Total Capital now at 73.02.
Reflecting on the efficiency of the workforce at the company, Coty Inc. [COTY] managed to generate an average of -$59,907 per employee. Receivables Turnover for the company is 5.89 with a Total Asset Turnover recorded at a value of 0.27.Coty Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.70.
Earnings analysis for Coty Inc. [COTY]
With the latest financial reports released by the company, Coty Inc. posted -0.08/share EPS, while the average EPS was predicted by analysts to be reported at 0/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for COTY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Coty Inc. go to -5.90%.
Insider trade positions for Coty Inc. [COTY]
There are presently around $1,714 million, or 46.90% of COTY stock, in the hands of institutional investors. The top three institutional holders of COTY stocks are: BLACKROCK INC. with ownership of 31,729,323, which is approximately -4.848% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 26,918,315 shares of the stock with an approximate value of $246.3 million in COTY stocks shares; and MELVIN CAPITAL MANAGEMENT LP, currently with $91.5 million in COTY stock with ownership of nearly New of the company’s market capitalization.
Positions in Coty Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 127 institutional holders increased their position in Coty Inc. [NYSE:COTY] by around 35,372,129 shares. Additionally, 157 investors decreased positions by around 25,602,517 shares, while 37 investors held positions by with 126,302,490 shares. The mentioned changes placed institutional holdings at 187,277,136 shares, according to the latest SEC report filing. COTY stock had 61 new institutional investments in for a total of 18,792,878 shares, while 59 institutional investors sold positions of 9,114,057 shares during the same period.