Coty Inc. (COTY - Free Report) was a big mover last session, as the company saw its shares rise nearly 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 0.1% in the past one-month time frame.
The move came after the company reported better-than-expected first-quarter 2017 profits.
The company has seen a mixed track record when it comes to estimate revisions of one increase and two decreases over the past few months, while the Zacks Consensus Estimate for the current quarterremained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Coty currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
A better-ranked stock in the Cosmetics industry is The Estée Lauder Companies Inc. (EL - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is COTY going up? Or down? Predict to see what others think: Up or Down
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