In today’s recent session, 8,904,990 shares of the Coty Inc.(NYSE:COTY) have been traded, and its beta is 2.36. Most recently the company’s share price was $7.73, and it changed around -$0.34 or -0.04% from the last close, which brings the market valuation of the company to $5.87 Billion. COTY at last check was trading at a discount to its 52-week high of $10.76, offering almost -39.2% off that amount. The share price’s 52-week low was $2.65, which indicates that the recent value has risen by an impressive 65.72% since then. We note from Coty Inc.’s average daily trading volume that its 10-day average is 18.37 Million shares, with the 3-month average coming to 14.38 Million.
Coty Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 2.6. If we narrow it down even further, the data shows that 1 out of 14 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 8 recommended COTY as a Hold, whereas 4 deemed it a Buy, and 1 rated it as Underweight.
Coty Inc. (NYSE:COTY): Trading Information Today
Although COTY has been showing red trend so far today with a performance of -4.21% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $8.17- on Monday, Feb 22 increased the stock’s daily price by 5.41%. The company’s shares are currently up 0.1% year-to-date, but still up 0.0764 over the last five days. On the other hand, Coty Inc. (NYSE:COTY) is 0.22% up in the 30-day period. We can see from the shorts that 14.99 Million shares have been sold at a short interest cover period of 1.04 day(s).
The consensus price target as assigned by Wall Street analysts is $7.54, which translates to bears needing to reduce their stock price by -2.46% from its current value. Analyst projections state that COTY is forecast to be at a low of $5 and a high of $10. In order for the stock price to hit the forecast high, the stock would need to surge +29.37% from its current level, while the stock would need to crash -35.32% from its current level to reach the projected low.
Coty Inc. (COTY) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -33.6%. Coty Inc. earnings are expected to increase by 72.1% in 2021, but the outlook is negative -5.9% per year for the next five years.
Coty Inc. (NYSE:COTY)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 62.31% of Coty Inc. shares, and 45.63% of them are in the hands of institutional investors. The stock currently has a share float of 121.08%. Coty Inc. stock is held by 389 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 4.14% of the shares, which is about 31.73 Million shares worth $222.74 Million.
Vanguard Group, Inc. (The), with 3.51% or 26.92 Million shares worth $188.97 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF were the top two Mutual Funds as of Sep 29, 2020. The former held 8943067 shares worth $24.15 Million, making up 1.17% of all outstanding shares. On the other hand, iShares Core S&P Midcap ETF held roughly 7.39 Million shares worth around $51.86 Million, which represents about 0.96% of the total shares outstanding.