Coty (COTY) Stock Price, News & Analysis

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coty in the last twelve months. There are currently 8 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" COTY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in COTY, but not buy additional shares or sell existing shares.
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12 Wall Street research analysts have issued 12 month price targets for Coty's stock. Their COTY share price targets range from $11.00 to $17.00. On average, they anticipate the company's stock price to reach $12.71 in the next twelve months. This suggests a possible upside of 2.3% from the stock's current price.
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Coty's stock was trading at $8.56 at the beginning of the year. Since then, COTY shares have increased by 45.1% and is now trading at $12.42.
View the best growth stocks for 2023 here.

Coty saw a drop in short interest in November. As of November 15th, there was short interest totaling 21,070,000 shares, a drop of 8.2% from the October 31st total of 22,940,000 shares. Based on an average daily volume of 5,390,000 shares, the days-to-cover ratio is currently 3.9 days. Currently, 5.7% of the shares of the stock are short sold.
View Coty's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
View our COTY earnings forecast.

Coty Inc. (NYSE:COTY) posted its earnings results on Tuesday, November, 7th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.17 by $0.08. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.58 billion. Coty had a net margin of 6.57% and a trailing twelve-month return on equity of 11.64%. The business's revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 earnings per share.

ETFs with the largest weight of Coty (NYSE:COTY) stock in their portfolio include Adaptiv Select ETF (ADPV), Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL), Alpha Architect U.S. Quantitative Momentum ETF (QMOM), Syntax Stratified MidCap ETF (SMDY), First Trust Long/Short Equity ETF (FTLS) and Fidelity MSCI Consumer Staples Index ETF (FSTA).Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ).

Coty announced that its Board of Directors has initiated a share buyback program on Monday, November 13th 2023, which permits the company to buyback $600,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 7.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Coty issued an update on its FY24 earnings guidance on Tuesday, November, 7th. The company provided earnings per share guidance of $0.44-$0.47 for the period, compared to the consensus earnings per share estimate of $0.46.

136 employees have rated Coty Chief Executive Officer Pierre Laubies on Glassdoor.com. Pierre Laubies has an approval rating of 44% among the company's employees. This puts Pierre Laubies in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Coty investors own include AT&T (T), Bank of America (BAC), Altria Group (MO), Intelsat (I), Ford Motor (F), General Electric (GE), Exxon Mobil (XOM), Procter & Gamble (PG), Coca-Cola (KO) and Energy Transfer (ET).

Shares of COTY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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