Coty (COTY) : 2 brokerage houses believe that Coty (COTY) is a Strong Buy at current levels. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Coty (COTY). Zacks Investment Research suggests a Hold with a rank of 3. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 11 Wall Street Analysts endorse the stock as a Hold with a rating of 2.94.
Coty (COTY) : Currently there are 7 street experts covering Coty (COTY) stock. The most bullish and bearish price target for the stock is $32 and $20 respectively for the short term. The average price target of all the analysts comes to $27.07. The estimated standard deviation from the target is $4.83.
Company shares have received an average consensus rating of Hold for the current week Coty (NYSE:COTY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.96 and $27.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.95, notching a gain of 3.43% for the day. The total traded volume was 992,620 . The stock had closed at $27.99 on the previous day.
In a related news, The officer (SVP of Human Resources), of Coty Inc., Froidefond Sebastien had unloaded 3,983 shares at $27.02 per share in a transaction on July 11, 2016. The total value of transaction was $107,621. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Coty Inc. is a beauty company. The Company manufactures and markets beauty products in the Fragrances, Color Cosmetics and Skin & Body Care segments with distribution in over 130 countries and territories across both prestige and mass markets. Fragrances products include a variety of mens and womens products and include fashion designer, celebrity and lifestyle brands. Color Cosmetics products include nail and other color cosmetics, consisting of lip, eye and other facial color products. Skin & Body Care products include shower gels, deodorants, skin care and sun treatment products. The Companys top 10 brands include adidas, Calvin Klein, Chloe, Davidoff, Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen.