Is Coty Inc. (NYSE:COTY) Potentially Life-Changing Stock? – Marketing Sentinel

Is Coty Inc. (NYSE:COTY) Potentially Life-Changing Stock?

In the latest trading session, 2,703,985 Coty Inc. (NYSE:COTY) shares changed hands as the company’s beta touched 2.45. With the company’s most recent per share price at $9 changing hands around $0.07 or 0.01% at last look, the market valuation stands at $6.93 Billion. COTY’s current price is a discount, trading about -6.67% off its 52-week high of $9.6. The share price had its 52-week low at $2.65, which suggests the recent value is70.56% up since then. When we look at Coty Inc.’s average trading volume, we note the 10-day average is 7.77 Million shares, with the 3-month average coming to 12.88 Million.

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Analysts gave the Coty Inc. (COTY) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.6. If we narrow down to specifics, the data shows that 1 out of 13 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 7 recommended COTY as a Hold, 4 felt it is a Buy and 1 rated the stock as Underweight. Coty Inc.’s EPS for the current quarter is expected to be $0.

Coty Inc. (NYSE:COTY) trade information

Instantly COTY is in green as seen in intraday trades today. With action 0.78%, the performance over the past five days has been green. The jump to weekly highs of $9.19- on Monday, Mar 29 added 2.61% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.27%, with the 5-day performance at 0.08% in the green. However, in the 30-day time frame, Coty Inc. (NYSE:COTY) is 0.17% up. Looking at the short shares, we see there were 15.67 Million shares sold at short interest cover period of 1.22 days.

The consensus price target for the stock as assigned by Wall Street analysts is $7.88, meaning bulls need a downside of -12.44% from its recent market value. According to analyst projections, COTY’s forecast low is $5 with $10 as the target high. To hit the forecast high, the stock’s price needs a +11.11% upsurge from its latest level, while the stock would need to tank -44.44% for it to hit the projected low.

Coty Inc. (COTY) estimates and forecasts

Data shows that the Coty Inc. share is not performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot +230.74% over the past 6 months, a -118.75% in annual growth rate that is considerably lower than the industry average of 16.3%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Coty Inc. will rise +100%, while the growth in revenue is estimated to hit 98% for the next quarter. Year-over-year growth is forecast to reach -32.7% down from the last financial year.

Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of $1.03 Billion. 6 analysts are of the opinion that Coty Inc.’s revenue for the quarter ending June 01, 2021 will be $900.53 Million. The company’s revenue for the corresponding quarters a year ago was $1.53 Billion and $922.1 Million respectively. According to analysts, the company will likely register a drop in its current quarter sales, forecast at -32.5%. The estimates for the next quarter sales put growth at -2.3%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -33.6%. The 2021 estimates are for Coty Inc. earnings to increase by 72.1%, but the outlook for the next 5-year period is at -5.9% per year.

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Coty Inc. (NYSE:COTY)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 62.35% of Coty Inc. shares while 46.88% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 124.49%. There are 386 institutions holding the Coty Inc. stock share, with Blackrock Inc. the top institutional holder. As of Dec 30, 2020, the company held 4.14% of the shares, roughly 31.73 Million COTY shares worth $222.74 Million.

Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 3.51% or 26.92 Million shares worth $188.97 Million as of Dec 30, 2020.

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Among Mutual Funds, the top two as of Dec 30, 2020 were Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. With 8691603 shares estimated at $61.02 Million under it, the former controlled 1.13% of total outstanding shares. On the other hand, iShares Core S&P Midcap ETF held about 0.97% of the shares, roughly 7.47 Million shares worth around $57.3 Million.

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