Stay Ahead of Wall Street. Find out what is happening to Coty Inc. (NYSE:COTY) stock today? Its price is jumping 0.45 points, trading at $10.52 levels, and is up 4.52% from its previous close of $10.07. The shares seem to have an active trading volume day with a reported 1493431 contracts so far this session. COTY shares had a relatively better volume day versus average trading capacity of 4.44 million shares, but with a 0.29 billion float and a -1.66% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for COTY stock indicates that the average analyst price target is $11.21 per share. This means the stock has a potential increase of 6.56% from where the COTY share price has been trading recently which is between $10.01 and $10.16. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $8.5. Flipping the other side of the coin, an analyst who is fully bullish set a price target as high as $16.
During the recent trading session for Coty Inc. (NYSE:COTY), the company witnessed their stock rise $0.13 over a week and tumble down $-0.2 from the price 20 days ago. When compared to their established 52-week high of $14.14, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 05/17/19. The recent low of $5.91 stood for a -25.54% since 12/26/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.73 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to. At the moment, the median target price for COTY is set at $10.5, a figure which is below the recent 1-year high the stock witnessed.
Looking at the current readings for Coty Inc., the two-week RSI stands at 56.46. This figure suggests that COTY stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current COTY readings is similarly very revealing as it has a stochastic reading of 42.68% at this stage. This figure means that COTY share price today is being neutral.
Technical chart claims that Coty Inc. (COTY) would settle between $10.15/share to $10.23/share level. However, if the stock price goes below the $10 mark, then the market for Coty Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $9.93 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.06. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Citigroup lowered their recommendation on shares of COTY from Neutral to Sell in their opinion released on July 02. Exane BNP Paribas, analysts launched coverage of Coty Inc. (NYSE:COTY) stock with a Outperform recommendation, according to their flash note issued to investors on June 04. Analysts at BofA/Merrill, made their first call for the equity with a Neutral recommendation, according to a research note that dated back to May 09.
COTY equity has an average rating of 2.75, with the figure leaning towards a bullish end. 12 analysts who tracked the company were contacted by Reuters. Amongst them, 8 rated the stock as a hold while the remaining 4 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 3 analysts rated Coty Inc. (NYSE:COTY) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, COTY stock price is currently trading at 13.5X forward 12-month Consensus EPS estimates, and its P/E ratio is 0 while for the average stock in the same group, the multiple is 1740.3. Coty Inc. current P/B ratio of 1.7 means it is trading at a discount against its industry’s 8.6.