#7 - Coty (NYSE:COTY)
Coty Inc. (NYSE: COTY) is a retail stock in the health and beauty sector. The stock is down approximately 39% in 2024 and 16% in the month heading into its third quarter earnings report. The concern comes as Coty guided to slowing U.S. sales. While the company is undertaking cost-cutting measures, investors will be looking at the company’s path to renewed growth.
However, if you’re an aggressive investor, COTY stock appears to be oversold. Trading at $7.50 as of this writing, the stock is now a penny stock by some estimates. It also has a forward P/E ratio of 13.7x.
Critics will say that some stocks are cheap for a reason. Several analysts have lowered their price targets since the company’s guidance warning. But the stock maintains a Moderate Buy rating with a consensus price target of $12.15 which offers investors a 61% upside from its current price.
About Coty
Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.
Read More - Current Price
- $7.54
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 11 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $12.15 (61.1% Upside)
Investors don't lack for information. In fact, it's easy to become a victim of information overload. This can work contrary to your investment goals and cause you to miss out on significant gains.
That's one way that MarketBeat can help. A variety of free stock screeners allow you to filter stocks based on the criteria that are important to you. For example, if you only want energy stocks, you can sort for that. If you want stocks that have a Buy rating from analysts, you can do that.
And there are many other examples. The stocks on this list were all trading within 10% of their 52-week low as of November 4, 2024. And more importantly, analysts were forecasting 10% to 15% earnings growth in the next 12 months. Earnings growth is often the most reliable indicator of future stock price growth. So, when you see stocks that are lagging the market but with positive upside potential, it can give you confidence that they are likely to outperform.
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