Coty Inc. (NYSE: COTY) Downgraded at Zacks Investment Research

Shares of Coty Inc. (NYSE: COTY) were downgraded by analysts at Zacks Investment Research in a note to their investors today. Zacks Investment Research currently has a rating of Hold on the stock. A number of other analysts have issued reports on the stock recently, and Coty Inc. has secured a consensus one-year price target of $27.94, above the opening price of $24.10, a difference of 11.71 percent. Coty Inc. stock has a 52-week high of $31.60. Downgrades happen when analysts believe that the future prospects for the security have dropped from the initial recommendation, often due to a material and crucial digression in the company’s actions, future direction or industry.

The Fed stood pat on interest rates on Wednesday, helping stocks to mostly higher levels but Chairwoman Janet Yellen indicated an interest rate hike is likely by year’s end

On Wednesday, the S&P 500 SPX, +1.09% ended 1.1% higher, while the Dow DJIA, +0.90% jumped by 0.9%, or 164 points, as each exchange finished in positive territory for a second consecutive day.

The tech-heavy Nasdaq Composite COMP, +1.03% tacked on 1% and scored a record closing high.

S&P 500 futures ESZ6, +0.36% were up 6.55 points, or 0.3%, to 2,162.75 early Thursday, while Dow Jones Industrial Average futures YMZ6, +0.37% rose 58 points, or 0.3%, to 18,276. Nasdaq-100 futures NQZ6, +0.39% gained 16.25 points, or 0.3%, to 4,866.25.

Shares of Coty Inc. (NYSE: COTY) opened at $24.10 yesterday and traded in a range between, $23.57 and $24.24, and last traded at $23.85, which represents a drop of $0.24 over the previous closing price.

Coty Inc. (NYSE: COTY) now has a market cap of 8.02B.

The stock’s average daily volume is 2,510,780 shares out of a total float 39,290,000 and some 22,293,319 shares crossed the trading desk yesterday, higher than the norm. Considerable volume aggregation by institutional investors may be in the near future as the combination of large increases in trading volume and price inflation can be determining components.

However, just a day of significant buy side trading is not enough to determine a trend. So market traders will continue to watch for institutional sponsorship as a signal that financial institutions are moving forward.

Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.

Institutional investors such as these have teams of analysts that research thousands of stocks. So watching their interests is a good way to make sure you are buying the right stocks.

Traders can make more effective decisions on trades when they track the activity of professional investors.

Trades for Coty Inc. (NYSE: COTY) have ranged from $21.48 – 31.60, and the stock now has a 50-day MA of $26.69 and 200-day MA of $27.12. Today’s last price is 0.25% under the 52 week high of $31.60.

Indeed, earnings growth is among the most critical things to look at in regards to stock investing and, accordingly, investors identify companies that have been successful at growing their earnings at least 25% or more over a 3 year period.

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