Somewhat Positive News Coverage Somewhat Unlikely to Impact Coty (COTY) Stock Price
News coverage about Coty (NYSE:COTY) has trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Coty earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.5985347842008 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- ACLU, NAACP ask state high court to look at tax auction (detroitnews.com)
- Will Marketing Spend Weigh on Coty’s (COTY) Q1 Earnings? (finance.yahoo.com)
- Coty is Oversold (nasdaq.com)
- Will Marketing Spend Weigh on Coty's (COTY) Q1 Earnings? (finance.yahoo.com)
- Anti-Aging Products and Therapies Market Report 2017, Trends, Analysis, Share, Estimates and Forecasts to 2022. (mynewsdesk.com)
Several brokerages have recently weighed in on COTY. Berenberg Bank downgraded Coty from a “hold” rating to a “sell” rating and reduced their price target for the stock from $17.50 to $15.00 in a report on Wednesday, August 30th. BMO Capital Markets set a $24.00 price target on Coty and gave the stock a “buy” rating in a report on Tuesday, August 22nd. BidaskClub downgraded Coty from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. DA Davidson began coverage on Coty in a report on Tuesday, October 17th. They issued a “neutral” rating and a $17.50 price target on the stock. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $18.00 price target on shares of Coty in a report on Friday, October 20th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $19.57.
Coty (COTY) opened at $14.36 on Friday. The firm has a market cap of $10.83 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 1.44 and a beta of 0.31. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.94 and a quick ratio of 0.66.
In other Coty news, major shareholder Cosmetics B.V. Jab bought 2,600,000 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was purchased at an average cost of $16.30 per share, with a total value of $42,380,000.00. Following the transaction, the insider now directly owns 276,408,041 shares in the company, valued at approximately $4,505,451,068.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Ayesha Zafar bought 21,570 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were acquired at an average cost of $17.11 per share, with a total value of $369,062.70. Following the completion of the transaction, the senior vice president now owns 10,000 shares in the company, valued at $171,100. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 2,979,505 shares of company stock valued at $48,661,242. Insiders own 1.00% of the company’s stock.
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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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