Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Coty (COTY) Stock Price

News stories about Coty (NYSE:COTY) have been trending somewhat positive on Monday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Coty earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.4510915799881 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the headlines that may have impacted Accern’s rankings:

Shares of COTY traded down $0.09 during trading hours on Monday, reaching $16.67. 4,857,506 shares of the company’s stock traded hands, compared to its average volume of 4,767,585. The company has a market cap of $12,567.72, a PE ratio of 26.46, a price-to-earnings-growth ratio of 1.81 and a beta of 0.37. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 0.76. Coty has a 12 month low of $14.24 and a 12 month high of $21.68.

Coty (NYSE:COTY) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.08. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.48 billion. Coty had a positive return on equity of 4.45% and a negative net margin of 4.15%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the company posted $0.30 EPS. analysts predict that Coty will post 0.71 earnings per share for the current year.

Several research analysts have commented on COTY shares. JPMorgan Chase raised their target price on Coty from $15.00 to $17.00 and gave the stock an “underweight” rating in a research note on Monday, February 12th. Barclays set a $20.00 target price on Coty and gave the stock a “hold” rating in a research note on Saturday, February 10th. BMO Capital Markets raised their target price on Coty from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Stifel Nicolaus restated a “buy” rating on shares of Coty in a research note on Friday, February 9th. Finally, Citigroup raised their target price on Coty from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. Coty presently has an average rating of “Hold” and an average target price of $19.71.

In other Coty news, major shareholder Cosmetics B.V. Jab purchased 1,550,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was purchased at an average price of $20.27 per share, for a total transaction of $31,418,500.00. Following the transaction, the insider now owns 287,558,041 shares in the company, valued at approximately $5,828,801,491.07. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

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Coty Company Profile

Coty Inc, together with its subsidiaries, manufactures, markets, sells, and distributes beauty products worldwide. It operates in three segments: Consumer Beauty, Luxury, and Professional Beauty. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care products, and mass fragrances primarily through hypermarkets, supermarkets, drug stores and pharmacies, mid-tier department stores, and traditional food and drug retailers, as well as own branded e-commerce and direct to consumer Websites.

Insider Buying and Selling by Quarter for Coty (NYSE:COTY)

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