Coty Inc. (NYSE:COTY) registered a -0.36% decrease, still its new closing price is 9.43% up from the company’s 1 year high of 31.08.It posted 2.52% gains in previous 5 sessions and is now the subject of 9 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 3 buy or better ratings. The 13 stock analysts following this company have an average price target at $21.27, with individual PT in the $17.00-$25.00 range. The shares moved at $19.50, implying that brokerage firms see shares losing about -15.45% in twelve months time.
Coty Inc. (COTY) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 6.50% rise year to date. A Director at Coty Inc. (COTY) offloaded shares in a transaction closed on Wednesday November 16, 2016. Becht Lambertus J.H. sold 3,314 shares in the company at $18.14 each and collected $60,000 in proceeds. Becht Lambertus J.H. now owns 1,019,186 shares in the company after this transaction. A Director in the company, Schoewel Erhard, disclosed a transaction on Tuesday November 15, 2016 that ended up generating $17,001 from the sale of 979 shares at $18.14 per share.
Coty Inc. (NYSE:COTY) Upcoming Results on Tap
Coty Inc. will next provide financial results for the September 2017 quarter. Stock analysts expect it to report per-share earnings of $0.28 in that period. Sales during the quarter are predicted to arrive at $1.96 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.08 billion in revenue and EPS of $0.23. The mean forecast was for $1.14 billion and $0.33 a share, respectively. One quarter earlier, revenue for the stock was at $1.08 billion, with earnings at $0.13/share.
Coty Inc. (COTY) Brokerage Update
Coty Inc. (COTY) is in Berenberg’s research list so their analyst rating change is noteworthy. These shares were upgraded to Hold from Sell by Berenberg, according to news reported on Friday November 18, 2016.Another important research note was issued by BofA/Merrill on Monday October 03, 2016.The firm upgraded COTY to Buy from Neutral. Over the last six months and over the last three months, the shares of Coty Inc. (COTY), have changed -25.46% and -14.38%, respectively.