$COTYLong term. People haven't stopped buying make-up or perfume and I imagine they will continue too going forward.
Coty Inc. is an American multinational beauty company founded in 1904 by François Coty. With its subsidiaries, it develops, manufactures, markets, and distributes fragrances, cosmetics, skin care, nail care, and both professional and retail hair care products.
COTY trade ideas
COTY to the moon!!!!Fundamentally very interesting. First point goes to KKR acquiring 60/40 of COTY, Coty won't only get billions of dollars, but also a strategic partner. This is synergy. Second, Kylie Skin launching in Europe will build up great hype and sale among her 177M(Insta) and 30M+(twitter) fans. Especially during this time when states are reopening, teenage girls are going to rush to cosmetic stores...hmm could cosmetics be the next rare item like toilet paper too? I believe people are excited to go out. And psychology wise, I believe girls will want to look good before going out for the first time in 3 months! Moreover, compared to the industry, COTY is still very undervalued. U can look at simple ratios. Im confident af in COTY, but again, I could be wrong!
COTY is back on track I haven't put much info into the chart cause I'm still new to this, but since I've been monitoring and analyzing NYSE:COTY , I can easily say that the stock will be going up cause of few reasons.
Obviously the selling of the company was a major news but didn't have any impact, in fact it went bear. But now that the new shareholders (Kylie Skin) entered the European market which boosted the stock again on Friday.
I believe this week the stock will probably hit 5-6 USD.
Again, I'm still new, so please correct me if I'm wrong. Thank you.
Great Entry Point for COTYWe are seeing a great entry point for NYSE:COTY .
The company has been hit by the current crisis and the stock has plunged after the Earnings Report released this Monday 5/11. Investors have left their positions due to concerns around financial conditions, bad results and dividends on hold.
Currently, the stock is on its historical lows, which makes it a great entry. COTY announced a deal with KKR , and will receive an immediate $750M investment. The entire transaction could result in additional cash proceeds of approximately $3 billion . With this liquidity injection and a strong capital back-up, COTY is likely to strengthen its position against EURONEXT:OR , NYSE:EL , and other competitors. The current analyst price targets reiterated on 5/12 are between $8 (RBC Capital) and $6 (Deutsche Bank). Recent hedge fund activity is also in line with positive sentiment around COTY stock. For more details check the research tab in the stock details here at eToro.
I believe in COTY as a company with strong foundations because it is a strong global player:
#1 in fragrances
#2 in salon hair
#3 in color cosmetics
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Long Coty Into earnings $COTY
Coty, Inc. engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Consumer Beauty, Luxury, and Professional Beauty. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care, and mass fragrances. The Luxury segment comprises of prestige fragrances, premium skincare, and premium cosmetics. The Professional Beauty segment consists hair and nail care products for salon professionals. The company was founded by Francois Coty in 1904 and is headquartered in New York, NY.
Coty to Spin off Professional Hair and Nail Buss Coty Inc. has kicked off the sale of its professional hair and nail products business, drawing interest from some of the world’s largest buyout firms for a unit that could fetch as much as $8 billion, according to people with knowledge of the matter.
Buyout firms including Advent International, Bain Capital and Cinven are working with advisers to prepare bids, the people said, asking not to be identified because the discussions are private. Clayton Dubilier & Rice LLC and KKR & Co. are also expected to make first-round bids, which are due the first week of March, the people said.
Henkel AG, a German maker of adhesives and shampoos, has hired advisers as it explores a bid for the business, which could fetch $7 billion to $8 billion, the people said. Other strategic bidders including Unilever Plc are weighing offers for parts of the unit, the people said. No final decisions have been made and the talks about a sale remain in the early stages, the people said.
Coty - finally, some progressDid not fully work as planned on first recommendation, as price continued to consolidate in what appears as major bullish flag. But today on earnings release, we finally got strong follow through.
Still needs to clear resistances ahead, but overall looks promising as a major turnaround play this year.
Coty - turnaround ahead?For a very long period of time NYSE:COTY was a troubled company with deteriorating fundamentals.
However, right now, it is trying to transform itself and improve both financials and position in the market. Top management really believes in turnaround, insiders purchased around $100 million in stock last year!!!
And now it looks like stock might be finally ready to go much higher also from technical perspective. Large inverted H&S in the making, and strong breakout of bullish flag yesterday. Volume also supports higher prices ahead, (you can see that on up days it is much higher compared to down days).
So low risk entry at current prices with stop just below recent lows might yield very good investment returns. I am buying.