#5 - Coty (NYSE:COTY)
If you have an appetite for the risk that can come with low-priced stocks, Coty Inc. (NYSE: COTY) is another stock to consider in the health and beauty category. Any retail stock has its concerns; however, those risks seem to be amplified right now. COTY stock has been downgraded nine times in the last 30 days following the company’s guidance that warned of slowing U.S. sales and additional cost-cutting measures.
How much weight should you assign to that warning? Coty will report earnings in early November so when a company issues a pre-earnings warning, it’s important to pay attention.
On the other hand, the sell-off of approximately 18% in COTY stock since the company’s warnings seem excessive. That’s reflected in the consensus rating of Moderate Buy and a price target of $12.15, which points to a 62% upside. COTY stock also has respectable fundamentals with a forward price-to-earnings (P/E) ratio of around 13x earnings.
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
- $7.26
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 11 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $12.09 (66.6% Upside)
