Market Analysts see Coty Inc [COTY] gaining to $16. Time to buy?

Coty Inc [NYSE: COTY] plunged by -$0.73 during the normal trading session on while it closed the day at $10.89. The company report on March 19, 2024 at 10:00 AM that Coty Wins this year’s Euronext Best listing Award in the Large Cap category.

Coty (NYSE: COTY) (Paris: COTY), one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, skin and body care, has won this year’s Euronext Best Listing Award in the Large Cap category, at the 12th edition of the Euronext Annual Conference held on March 19, 2024 in Paris.

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The award recognizes the success of Coty’s global offering, the largest to date on Euronext Growth®. The secondary listing on Euronext Paris was a resounding success for the company, raising €339.2 million, making it the 47th listing on Euronext in 2023 and the 11th international listing. This success was driven by strong interest amongst top-tier European institutional investors, resulting in the initial offer being many times oversubscribed.

Coty Inc stock has also loss -6.52% of its value over the past 7 days. However, COTY stock has declined by -10.88% in the 3 months of the year. Over the past six months meanwhile, it has gained 1.40% and lost -12.32% year-on date.

The market cap for COTY stock reached $9.75 billion, with 852.80 million shares outstanding and 393.46 million shares in the current float. Compared to the average trading volume of 3.83M shares, COTY reached a trading volume of 7306102 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $13.74 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 2.11. 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.

TD Cowen have made an estimate for Coty Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 22, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price to Market Perform. The new note on the price target was released on October 17, 2023, representing the official price target for Coty Inc stock. Previously, the target price had yet another raise to $11.66, while Kepler analysts kept a Hold rating on COTY stock. On July 27, 2023, analysts decreased their price target for COTY shares from 16 to 14.

The Average True Range (ATR) for Coty Inc is set at 0.37, with the Price to Sales ratio for COTY stock in the period of the last 12 months amounting to 1.62. The Price to Book ratio for the last quarter was 2.20, with the Price to Cash per share for the same quarter was set at 0.54. Price to Free Cash Flow for COTY in the course of the last twelve months was 28.13 with Quick ratio for the last quarter at 0.58.

COTY stock trade performance evaluation

Coty Inc [COTY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.52. With this latest performance, COTY shares dropped by -12.67% in over the last four-week period, additionally plugging by 1.40% over the last 6 months – not to mention a drop of -9.70% 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 27.53, with the RSI for the last a single of trading hit 20.91, and the three-weeks RSI is set at 33.09 for Coty Inc [COTY]. The present Moving Average for the last 50 days of trading for this stock 12.22, while it was recorded at 11.64 for the last single week of trading, and 11.63 for the last 200 days.

Coty Inc [COTY]: An insightful look at the core fundamentals

Coty Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.58 and a Current Ratio set at 0.85.

Earnings per share (EPS) analysis for Coty Inc [COTY] stock

With the latest financial reports released by the company, Coty Inc posted 0.19/share EPS, while the average EPS was predicted by analysts to be reported at 0.03/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 533.30%. 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 18.30%.

Coty Inc [COTY]: Institutional Ownership

The top three institutional holders of COTY stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in COTY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in COTY stock with ownership which is approximately 5.8386%.