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Weak Fundamental Momentum Drags Coty Inc. (COTY) Upper

Coty Inc. (NYSE:COTY) has a beta value of 1.93 and has seen 4.83 million shares traded in the recent trading session. The company, currently valued at $6.56B, closed the recent trade at $8.15 per share which meant it gained $0.36 on the day or 4.69% during that session. The COTY stock price is -36.44% off its 52-week high price of $11.12 and 27.61% above the 52-week low of $5.90. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.93 million shares traded. The 3-month trading volume is 6.53 million shares.

The consensus among analysts is that Coty Inc. (COTY) is an Overweight stock at the moment, with a recommendation rating of 2.50. 0 analysts rate the stock as a Sell, while 2 rate it as Overweight. 8 out of 16 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.11.

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Coty Inc. (NYSE:COTY) trade information

Sporting 4.69% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 09/20/22 when the COTY stock price touched $8.15 or saw a rise of 2.4%. Year-to-date, Coty Inc. shares have moved -25.81%, while the 5-day performance has seen it change 2.64%. Over the past 30 days, the shares of Coty Inc. (NYSE:COTY) have changed 3.87%. Short interest in the company has seen 20.03 million shares shorted with days to cover at 3.27.

Wall Street analysts have a consensus price target for the stock at $10.61, which means that the shares’ value could jump 23.19% from the levels at last check today. The projected low price target is $8.00 while the price target rests at a high of $15.00. In that case, then, we find that the latest price level in today’s session is -84.05% off the targeted high while a plunge would see the stock lose 1.84% from the levels at last check today.

Coty Inc. (COTY) estimates and forecasts

Figures show that Coty Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -12.27% over the past 6 months, with this year growth rate of 10.71%, compared to 4.20% for the industry. Other than that, the company has, however, increased its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are 37.50% and -5.90% for the next quarter. Revenue growth from the last financial year stood is estimated to be 1.30%.

10 analysts offering their estimates for the company have set an average revenue estimate of $1.36 billion for the current quarter. 10 have an estimated revenue figure of $1.59 billion for the next quarter concluding in Dec 2022.

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 16.00% over the past 5 years. Earnings growth for 2022 is a modest 130.60% while over the next 5 years, the company’s earnings are expected to decrease by -5.90%.

COTY Dividends

Coty Inc. is expected to release its next earnings report between November 07 and November 11 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Coty Inc. (NYSE:COTY)’s Major holders

Insiders own 57.58% of the company shares, while shares held by institutions stand at 38.63% with a share float percentage of 91.09%. Investors are also buoyed by the number of investors in a company, with Coty Inc. having a total of 413 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 46.63 million shares worth more than $419.22 million. As of Mar 30, 2022, Blackrock Inc. held 5.56% of shares outstanding.

The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 34.95 million shares as of Mar 30, 2022. The firm’s total holdings are worth over $314.21 million and represent 4.16% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. As of Mar 30, 2022, the former fund manager holds about 1.30% shares in the company for having 10.93 million shares of worth $98.3 million while later fund manager owns 9.89 million shares of worth $79.22 million as of Jun 29, 2022, which makes it owner of about 1.18% of company’s outstanding stock.

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