Somewhat Favorable News Coverage Somewhat Unlikely to Impact Coty (COTY) Share Price
News stories about Coty (NYSE:COTY) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Coty earned a media sentiment score of 0.01 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.0762250294649 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Coty Inc (COTY) Technicals Are Speaking Volumes; Where is This Stock Headed? – FLBC News (flbcnews.com)
- Coty Inc. (COTY) Downgraded by Zacks Investment Research to “Sell” (americanbankingnews.com)
- Coty Inc (COTY) Files 10-K for the Fiscal Year Ended on June 30, 2017 – Nasdaq (nasdaq.com)
- Deutsche Bank Maintains Rating And Lowers Price Target On Coty Inc. Class A (COTY) (highlightpress.com)
- Teva, Coty Dropped into Thursday’s 52-Week Low Club (247wallst.com)
Shares of Coty (NYSE COTY) traded up 0.99% during midday trading on Friday, reaching $16.40. The company’s stock had a trading volume of 10,229,679 shares. The company’s market capitalization is $12.28 billion. The stock has a 50 day moving average price of $19.06 and a 200-day moving average price of $18.76. Coty has a 52-week low of $15.83 and a 52-week high of $27.98.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Friday, September 1st will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Wednesday, August 30th. Coty’s dividend payout ratio (DPR) is presently -87.72%.
Several equities analysts recently issued reports on COTY shares. Zacks Investment Research cut Coty from a “hold” rating to a “sell” rating in a research note on Friday. BidaskClub upgraded Coty from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 27th. KeyCorp restated a “hold” rating on shares of Coty in a research note on Friday. Royal Bank Of Canada restated a “hold” rating and set a $22.00 price objective on shares of Coty in a research note on Thursday, June 8th. Finally, Jefferies Group LLC started coverage on Coty in a research note on Friday, June 2nd. They set a “hold” rating and a $17.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $20.75.
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In related news, insider Sebastien Froidefond purchased 13,461 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was acquired at an average price of $18.95 per share, for a total transaction of $255,085.95. Following the purchase, the insider now owns 62,640 shares of the company’s stock, valued at $1,187,028. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Laurent Kleitman purchased 4,400 shares of the business’s stock in a transaction on Friday, June 9th. The shares were bought at an average price of $18.63 per share, with a total value of $81,972.00. Following the purchase, the insider now directly owns 35,400 shares in the company, valued at approximately $659,502. The disclosure for this purchase can be found here. Over the last three months, insiders bought 83,400 shares of company stock valued at $1,587,821. 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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