Coty Inc. (COTY) Sets New 52-Week Low at $15.55

Coty Inc. (NYSE:COTY) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $15.55 and last traded at $15.60, with a volume of 5,092,714 shares. The stock had previously closed at $16.00.

Several equities research analysts recently issued reports on the company. DA Davidson assumed coverage on Coty in a research note on Tuesday. They issued a “neutral” rating and a $17.50 price objective for the company. KeyCorp reaffirmed a “hold” rating on shares of Coty in a research note on Monday. BMO Capital Markets reaffirmed a “buy” rating and set a $24.00 price target on shares of Coty in a research note on Thursday, October 5th. Berenberg Bank downgraded Coty from a “hold” rating to a “sell” rating and cut their price target for the stock from $17.50 to $15.00 in a research note on Wednesday, August 30th. Finally, Zacks Investment Research downgraded Coty from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.86.

The company’s 50-day moving average price is $16.57 and its 200 day moving average price is $18.14. The company’s market cap is $11.85 billion.

In other Coty news, CEO Camillo Pane acquired 48,485 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were purchased at an average price of $16.50 per share, for a total transaction of $800,002.50. Following the completion of the purchase, the chief executive officer now directly owns 336,142 shares of the company’s stock, valued at $5,546,343. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Ayesha Zafar acquired 21,570 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was acquired at an average price of $17.11 per share, for a total transaction of $369,062.70. Following the purchase, the senior vice president now directly owns 10,000 shares of the company’s stock, valued at $171,100. The disclosure for this purchase can be found here. Insiders have purchased 2,979,505 shares of company stock worth $48,661,242 in the last quarter. 1.00% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “Coty Inc. (COTY) Sets New 52-Week Low at $15.55” was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this article on another site, it was copied illegally and reposted in violation of U.S. & international copyright laws. The correct version of this article can be accessed at https://www.chaffeybreeze.com/2017/10/20/coty-inc-coty-sets-new-52-week-low-at-15-55.html.

About Coty

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.

Receive News & Ratings for Coty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply