Why Coty Inc’s (COTY) Stock Is Down 4.97%

By Jenna Brashear
April 12, 2024
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Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Coty Inc before investing.

In this article, we go over a few key elements for understanding Coty Inc’s stock price such as:

  • Coty Inc’s current stock price and volume
  • Why Coty Inc’s stock price changed recently
  • Upgrades and downgrades for COTY from analysts
  • COTY’s stock price momentum as measured by its relative strength

About Coty Inc (COTY)

Before we jump into Coty Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Coty Inc. is a beauty company with portfolio of brands across fragrance, color cosmetics, and skin and body care. The Company has a diverse portfolio of brands, which includes both owned and licensed. Its brand portfolio is classified into two segments: Consumer beauty and Prestige. Consumer beauty brand portfolio includes Adidas, Beckham, Biocolor, Bozzano, Bourjois, Bruno Banani, CoverGirl, Jovan, Mexx, Monange, Nautica, Paixao, Rimmel, Risque, Sally Hansen, 007 James Bond. Prestige includes Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, SKKN BY KIM, Tiffany & Co. Its mass beauty brands are primarily sold through hypermarkets, supermarkets, drug stores and pharmacies, mid-tier department stores, traditional food and drug retailers, and dedicated e-commerce retailers. The Company serves consumers around the world in approximately 125 countries and territories.

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Coty Inc’s Stock Price as of Market Close

As of April 12, 2024, 4:00 PM, CST, Coty Inc’s stock price was $10.51.

Coty Inc is down 4.97% from its previous closing price of $11.06.

During the last market session, Coty Inc’s stock traded between $10.92 and $11.20. Currently, there are 892.80 million shares of Coty Inc stock available for purchase.

Coty Inc’s price-earnings (P/E) ratio is currently at 32.0, which is high compared to the Personal Products industry median of 27.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Coty Inc Stock Price History

Coty Inc’s (COTY) price is currently down 12.12% so far this month.

During the month of April, Coty Inc’s stock price has reached a high of $11.91 and a low of $10.41.

Over the last year, Coty Inc has hit prices as high as $13.46 and as low as $9.02. Year to date, Coty Inc’s stock is up 22.78%.

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What Caused Coty Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of April 11, 2024, there were 2 analysts who downgraded Coty Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Coty Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Coty Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Coty Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Coty Inc (COTY) by visiting AAII Stock Evaluator.

Relative Price Strength of Coty Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of April 11, 2024, Coty Inc has a weighted four-quarter relative price strength of -9.08%, which translates to a Momentum Score of 36 and is considered to be Weak.

Want to learn more about how Coty Inc is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Coty Inc Stock Price: Bottom Line

As of April 12, 2024, Coty Inc’s stock price is $10.51, which is down 4.97% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Coty Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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