The stock of Coty Inc (NYSE:COTY) hit a new 52-week low and has $17.09 target or 6.00% below today’s $18.18 share price. The 8 months bearish chart indicates high risk for the $13.65B company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $17.09 price target is reached, the company will be worth $819.00 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 5.88 million shares traded hands. Coty Inc (NYSE:COTY) has declined 36.05% since April 12, 2016 and is downtrending. It has underperformed by 41.03% the S&P500.
Coty Inc (NYSE:COTY) Ratings Coverage
Out of 9 analysts covering Coty (NYSE:COTY), 3 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 33% are positive. $33 is the highest target while $20 is the lowest. The $27.18 average target is 49.50% above today’s ($18.18) stock price. Coty has been the topic of 21 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Sell” rating given on Friday, August 14 by B. Riley & Co. Citigroup maintained Coty Inc (NYSE:COTY) on Thursday, August 25 with “Neutral” rating. The firm has “Hold” rating given on Thursday, August 27 by JP Morgan. The stock of Coty Inc (NYSE:COTY) has “Neutral” rating given on Thursday, September 29 by B. Riley & Co. As per Tuesday, September 1, the company rating was initiated by Morgan Stanley. The company was downgraded on Monday, November 30 by Morgan Stanley. On Tuesday, July 21 the stock rating was initiated by Sterne Agee CRT with “Neutral”. The stock of Coty Inc (NYSE:COTY) earned “Overweight” rating by JP Morgan on Tuesday, August 25. The firm has “Hold” rating by Piper Jaffray given on Friday, August 14. As per Monday, October 3, the company rating was upgraded by Bank of America.
According to Zacks Investment Research, “Coty, Inc. manufactures, markets and distributes beauty products. The company’s operating division consists of Coty Consumer Beauty, which is focused on color cosmetics, retail hair coloring and styling products, body care and mass fragrances with brands such as COVERGIRL, Max Factor and Rimmel; Coty Luxury, which is focused on prestige fragrances and skincare with brands such as Calvin Klein, Marc Jacobs, Hugo Boss, Gucci and philosophy and Coty Professional Beauty, which is focused on servicing salon owners and professionals in both hair and nail, with brands such as Wella Professionals, Sebastian Professional and OPI. Coty, Inc. is headquartered in New York.”
Insitutional Activity: The institutional sentiment decreased to 0.54 in Q2 2016. Its down 0.27, from 0.81 in 2016Q1. The ratio dropped, as 35 funds sold all Coty Inc shares owned while 61 reduced positions. 18 funds bought stakes while 34 increased positions. They now own 57.07 million shares or 2.17% more from 55.85 million shares in 2016Q1.
Stifel Financial Corporation has invested 0% of its portfolio in Coty Inc (NYSE:COTY). The Massachusetts-based State Street Corporation has invested 0% in Coty Inc (NYSE:COTY). Sg Americas Secs Ltd Liability Corporation last reported 48,040 shares in the company. Jpmorgan Chase And, a New York-based fund reported 143,991 shares. Blackrock Gp holds 0% or 1,091 shares in its portfolio. The California-based Aristotle Cap Management Ltd Limited Liability Company has invested 1.29% in Coty Inc (NYSE:COTY). The Ohio-based Diamond Hill Capital Mgmt has invested 0.1% in Coty Inc (NYSE:COTY). The New Jersey-based State Of New Jersey Common Pension Fund D has invested 0.02% in Coty Inc (NYSE:COTY). State Board Of Administration Of Florida Retirement System holds 0.01% of its portfolio in Coty Inc (NYSE:COTY) for 85,606 shares. Nationwide Fund Advisors holds 183,700 shares or 0.02% of its portfolio. Winslow Evans And Crocker owns 358 shares or 0% of their US portfolio. Employees Retirement Association Of Colorado reported 1,451 shares or 0% of all its holdings. Hsbc Holdings Public Ltd holds 0% or 14,409 shares in its portfolio. Group One Trading Lp accumulated 0% or 6,175 shares. Credit Suisse Ag reported 63,823 shares or 0% of all its holdings.
Insider Transactions: Since July 11, 2016, the stock had 8 insider buys, and 1 insider sale for $73.35 million net activity. Another trade for 525,000 shares valued at $14.98M was bought by JAB Cosmetics B.V.. On Monday, July 11 Froidefond Sebastien sold $107,629 worth of the stock or 3,983 shares.
More news for Coty Inc (NYSE:COTY) were recently published by: Investorplace.com, which released: “Why Coty Inc (COTY), Centene Corp (CNC) and Cemex SAB de CV (ADR) (CX) Are 3 …” on November 09, 2016. Prnewswire.com‘s article titled: “Research Reports on Personal Products Equities — Coty Inc., Estee Lauder …” and published on November 11, 2016 is yet another important article.
COTY Company Profile
Coty Inc., incorporated on January 20, 1995, is a beauty company. The Firm operates through four divisions: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. The Firm sells products in each of its divisions through retailers, including hypermarkets, supermarkets, independent and chain drug stores and pharmacies, upscale perfumeries, upscale and mid-tier department stores, nail salons, specialty retailers, duty-free shops and traditional food, drug and mass retailers. It sells a range of its products through travel retail sales channels, including duty-free shops, airlines, cruise lines and other tax-free zones. In addition, the Company sells its products through the Internet over its retail partners’ e-commerce sites and through online retailers, and the Company sells its philosophy products through philosophy-branded Websites and through direct marketing through television. The Firm operates in the Americas (comprising North, Central and South America); Europe, the Middle East and Africa (EMEA), and Asia Pacific (comprising Asia and Australia).
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