Coty Inc. Class A Common Stock (NYSE:COTY).
On September 9, 2016 Berenberg began coverage with a rating of “Sell” and price target of $23.00. On August 25 Citigroup maintained a company rating of “Neutral” and moved up the price target to $30.00 from $26.00.
On April 18, 2016 the stock rating was set at “Neutral” according to a Bank of America report which was a cut from the previous “Buy” rating. February 5 investment analysts at B. Riley made no change to the company rating of “Sell” but lowered the price expectation from $21.00 to $20.00.
February 4 investment analysts at Citigroup held the stock rating at “Neutral” and lowered the price target to $26.00 from $30.00.
The company is so far trading up by 1.58% since yesterday’s close of $23.45. The company also recently announced a dividend for shareholders that was paid on Friday the 19th of August 2016. The dividend payment was $0.070 per share for the quarter which comes to $0.28 on an annualized basis. This dividend amount was represent a yeild of $1.17. The ex-dividend date was set for Tuesday the 9th of August 2016.
The stock is trading at $23.82 slightly below the 50 day moving average which is $26.12 and just below the 200 day moving average of $26.98. The 50 day moving average was down $-2.30 and the 200 day average was down $-3.16.
The company currently has a P/E ratio of 54.14 and market cap is 8.01B. In the last earnings report the EPS was $0.44 and is estimated to be $1.12 for the current year with 336,077,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.41 with next year’s EPS anticipated to be $1.28.