We are seeing a great entry point for
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
OR
,
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:
SBH
ULTA
XLY
PG
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
OR
,
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
SBH
ULTA
XLY
PG