Coty Inc. Class A Common Stock (NYSE:COTY):
Coty Set to Join the S&P 500; Diamond Offshore Drilling to Join S&P MidCap 400; Tile Shop to Join S&P SmallCap 600.
The company is up by 0.26% since yesterday’s close of $23.04.
Additionally Coty Inc. Class A Common Stock announced a dividend 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 represents a yield of $1.18. The ex-dividend date was Tuesday the 9th of August 2016.
It is trading at $23.10 a tad under $26.36, the stock’s 50 day moving average and just a bit lower than the 200 day moving average of $27.03. The 50 day moving average moved down $-2.91 and the 200 day average moved down $-3.58.
The P/E ratio is currently 53.30 and the market cap of the company is 7.88B. As of the last earnings report the EPS was $0.44 and is expected to be $1.12 for the current year with 336,077,000 shares outstanding. Next quarter’s EPS is expected be $0.41 and the next full year EPS is anticipated to be $1.28.
A few brokerage firms have issued ratings on the company recently. Berenberg initiated coverage with a rating of “Sell” and establishing a price target of $23.00. August 25 investment analysts at Citigroup held the stock rating at “Neutral” and raised the price expectation from $26.00 to $30.00.
On April 18 the company was changed to a “Neutral” by Bank of America which was a cut from the previous “Buy” rating. On February 5 B. Riley maintained a stock rating of “Sell” but lowered the price target to $20.00 from $21.00.
On February 4 Citigroup held the company rating at “Neutral” and moved down the price target to $26.00 from $30.00. Morgan Stanley both downgraded the stock and lowered the price target on November 30 changing the price target from $31.00 to $26.00 and changing the rating from “Equal-weight” to “Underperform”.