Coty (COTY) Receiving Somewhat Positive Press Coverage, Study Shows
Headlines about Coty (NYSE:COTY) have trended somewhat positive on Thursday, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Coty earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.3023665254031 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern’s rankings:
- Elizabeth Arden (RDEN) vs. Coty (NYSE:COTY) Head-To-Head Analysis (americanbankingnews.com)
- Coty Inc. Class A (COTY) Stake Down in Latest Report from Norges Bank – Modern Readers (modernreaders.com)
- Coty Inc. Class A (NYSE:COTY) Sees Heavy Trading Volume with 3144K Shares Changing Hands – Modern Readers (modernreaders.com)
- Coty Inc (COTY) Needle Moving -0.90% – Sparta Review (spartareview.com)
- Coty Inc. Class A (COTY) Ownership Down in Latest Report from Norges Bank – First News 24 (firstnewspaper24.com)
A number of equities analysts have weighed in on COTY shares. Societe Generale started coverage on shares of Coty in a research note on Monday, June 12th. They issued a “buy” rating and a $21.00 target price for the company. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $22.00 target price on shares of Coty in a research note on Thursday, June 8th. Jefferies Group LLC started coverage on shares of Coty in a research note on Friday, June 2nd. They issued a “hold” rating and a $17.00 target price for the company. Barclays PLC set a $19.00 target price on shares of Coty and gave the stock a “hold” rating in a research note on Saturday, May 13th. Finally, Zacks Investment Research raised shares of Coty from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.17.
Shares of Coty (NYSE COTY) traded down 2.01% on Thursday, reaching $19.46. 4,896,238 shares of the company were exchanged. The company’s 50-day moving average price is $19.20 and its 200 day moving average price is $18.81. Coty has a 12 month low of $16.95 and a 12 month high of $30.13. The company’s market cap is $14.55 billion.
Coty (NYSE:COTY) last released its quarterly earnings results on Wednesday, May 10th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.04. Coty had a negative net margin of 2.29% and a positive return on equity of 9.12%. The firm had revenue of $2.03 million during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the business earned $0.09 EPS. The company’s revenue was down 99.8% compared to the same quarter last year. On average, equities research analysts expect that Coty will post $0.75 EPS for the current year.
In related news, insider Greerson Greene Mcmullen acquired 14,350 shares of the stock in a transaction dated Tuesday, May 23rd. The stock was bought at an average price of $18.92 per share, for a total transaction of $271,502.00. Following the purchase, the insider now directly owns 68,007 shares of the company’s stock, valued at approximately $1,286,692.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Peter Harf acquired 26,500 shares of the stock in a transaction dated Friday, June 16th. The stock was bought at an average price of $19.00 per share, with a total value of $503,500.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 188,620 shares of company stock valued at $3,588,363. Company insiders own 16.10% of the company’s stock.
Coty Company Profile
Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.
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