Coty (COTY) Getting Somewhat Favorable Media Coverage, Analysis Shows
Media stories about Coty (NYSE:COTY) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Coty earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.113761496891 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- Luxury Brand Licensing: 5 Keys to Success Revealed In Critical Look At Tiffany-Coty’s Fragrance Deal – Forbes (forbes.com)
- Democratic Congress members, including 3 from Va., call for Censure of Trump (wobko.net)
- Coty Inc. Class A (NYSE:COTY) Experiences Heavier than Usual Trading Volume – Modern Readers (modernreaders.com)
- Traders Purchase High Volume of Call Options on Coty (COTY) (americanbankingnews.com)
Coty (COTY) opened at 19.23 on Monday. The company has a 50 day moving average of $19.29 and a 200 day moving average of $18.83. Coty has a 52-week low of $16.95 and a 52-week high of $29.30. The company’s market capitalization is $14.38 billion.
A number of equities analysts recently weighed in on the stock. BidaskClub raised shares of Coty from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Societe Generale assumed coverage on shares of Coty in a report on Monday, June 12th. They set a “buy” rating and a $21.00 price objective on the stock. Barclays PLC set a $19.00 price objective on shares of Coty and gave the company a “hold” rating in a report on Saturday, May 13th. Jefferies Group LLC assumed coverage on shares of Coty in a report on Friday, June 2nd. They set a “hold” rating and a $17.00 price objective on the stock. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $22.00 price objective on shares of Coty in a report on Thursday, June 8th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Coty presently has an average rating of “Hold” and an average price target of $22.54.
In related news, insider Edgar O. Huber bought 79,570 shares of the business’s stock in a transaction dated Friday, May 26th. The shares were purchased at an average price of $19.05 per share, with a total value of $1,515,808.50. Following the transaction, the insider now owns 79,570 shares in the company, valued at approximately $1,515,808.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Peter Harf bought 26,500 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were bought at an average cost of $19.00 per share, for a total transaction of $503,500.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 188,620 shares of company stock worth $3,588,363. Corporate insiders own 16.10% of the company’s stock.
Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.
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