Coty Inc. (NYSE:COTY) has a beta value of 1.01 and has seen 18,092,625 shares traded in the recent trading session. The company, currently valued at $3.47 Billion, closed the recent trade at $4.545 per share which meant it gained $0.3 on the day or 8.85% during that session. The COTY stock price is -197.91% off its 52-week high price of $13.54 and 33.55% above the 52-week low of $3.02. If we look at the company’s 10-day average daily trading volume, we find that it stood at 14.43 Million shares traded. The 3-month trading volume is 17.85 Million shares.
The consensus among analysts is that Coty Inc. (COTY) is a Hold stock at the moment, with a recommendation rating of 3. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 11 out of 15 have rated it as a Hold, with 2 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.11.
Coty Inc. (NYSE:COTY) trade information
Sporting 8.37% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jun 29 when the COTY stock price touched $4.82-5 or saw a rise of 5.6%. Year-to-date, Coty Inc. shares have moved -59.56%, while the 5-day performance has seen it change -1.52%. Over the past 30 days, the shares of Coty Inc. (NYSE:COTY) have changed 25.34%. Short interest in the company has seen 21.76 Million shares shorted with days to cover at 1.22.
Wall Street analysts have a consensus price target for the stock at $5.88, which means that the shares’ value could jump 29.37% from current levels. The projected low price target is $3.1 while the price target rests at a high of $9. In that case, then, we find that the current price level is +98.02% off the targeted high while a plunge would see the stock lose -31.79% from current levels.
Coty Inc. (COTY) estimates and forecasts
Figures show that Coty Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -61.76% over the past 6 months, with this year growth rate of -63.08%, compared to -22% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -168.8% and -71.4% for the next quarter. Revenue growth from the last financial year stood is estimated to be -17.5%.
8 analysts offering their estimates for the company have set an average revenue estimate of $1.3 Billion for the current quarter. 6 have an estimated revenue figure of $1.65 Billion for the next quarter concluding in September 01, 2020. Year-ago sales stood $2.12 Billion and $1.94 Billion respectively for this quarter and the next, and analysts expect sales will grow by -38.4% for the current quarter and -14.9% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -14.97% over the past 5 years. Earnings growth for 2020 is a modest -75.4% while over the next 5 years, the company’s earnings are expected to increase by -9%.
Coty Inc. (NYSE:COTY)’s Major holders
Insiders own 63.2% of the company shares, while shares held by institutions stand at 40.02% with a share float percentage of 108.76%. Investors are also buoyed by the number of investors in a company, with Coty Inc. having a total of 547 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 47.82 Million shares worth more than $246.76 Million. As of March 30, 2020, Vanguard Group, Inc. (The) held 6.27% of shares outstanding.
The other major institutional holder is Bank Of New York Mellon Corporation, with the holding of over 29.52 Million shares as of March 30, 2020. The firm’s total holdings are worth over $152.3 Million and represent 3.87% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. As of March 30, 2020, the former fund manager holds about 1.17% shares in the company for having 8899352 shares of worth $45.92 Million while later fund manager owns 7.78 Million shares of worth $40.12 Million as of March 30, 2020, which makes it owner of about 1.02% of company’s outstanding stock.