Coty Inc. (NYSE: COTY): Stock Forecast For 2021 Sees A An Incline Of 49.42%

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In today’s recent session, 1.53 million shares of the Coty Inc. (NYSE:COTY) have been traded, and its beta is 2.57. Most recently the company’s share price was $10.32, and it changed around $0.07 or 0.68% from the last close, which brings the market valuation of the company to $8.73B. COTY at last check was trading at a discount to its 52-week high of $11.12, offering almost -7.75% off that amount. The share price’s 52-week low was $6.20, which indicates that the recent value has risen by an impressive 39.92% since then. We note from Coty Inc.’s average daily trading volume that its 3-month average coming to 10.99 million.

Coty Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.60. If we narrow it down even further, the data shows that 0 out of 15 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 7 recommended COTY as a Hold, whereas 5 deemed it a Buy, and 2 rated it as Underweight. Coty Inc. is expected to report earnings per share of $0.03 for the current quarter.

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Instantly COTY has been showing a green trend so far today with a performance of 0.68% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 11.00 on Tuesday, 11/23/21 increased the stock’s daily price by 6.18%. The company’s shares are currently up 46.01% year-to-date, but still down -4.21% over the last five days. On the other hand, Coty Inc. (NYSE:COTY) is 28.12% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $12.67, which translates to bulls needing to increase their stock price by 18.55% from its current value. Analyst projections state that COTY is forecast to be at a low of $8.25 and a high of $20.00. In order for the stock price to hit the forecast high, the stock would need to plunge -93.8% from its current level, while the stock would need to crash 20.06% from its current level to reach the projected low.

Coty Inc. (COTY) estimates and forecasts

Coty Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 15.95 percent over the past six months and at a 20.00% annual growth rate that is well above the industry average of 2.50%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain 250.00% in revenue this quarter, and will report an increase of 8.30% in the next quarter. The year-over-year growth rate is expected to be 14.10%, up from the previous year.

Consensus estimates provided by 8 financial analysts predict the company will bring in an average of $1.36 billion in revenue for the current quarter. 8 analysts expect Coty Inc. to make $1.64 billion in revenue for the quarter ending Dec 2021.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -20.00%. Coty Inc. earnings are expected to increase by 85.00% in 2021, but the outlook is negative -5.90% per year for the next five years.

COTY Dividends

Coty Inc.’s next quarterly earnings report is expected to be released around February 07 and February 11.

Coty Inc. (NYSE:COTY)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 60.15% of Coty Inc. shares, and 33.43% of them are in the hands of institutional investors. The stock currently has a share float of 83.90%. Coty Inc. stock is held by 394 institutions, with Blackrock Inc. being the largest institutional investor. By Jun 29, 2021, it held 3.99% of the shares, which is about 32.54 million shares worth $303.92 million.

Vanguard Group, Inc. (The), with 3.42% or 27.92 million shares worth $260.75 million as of Jun 29, 2021, holds the second largest percentage of outstanding shares.

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Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Jun 29, 2021. The former held 8.64 million shares worth $80.74 million, making up 1.06% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 7.63 million shares worth around $71.24 million, which represents about 0.93% of the total shares outstanding.