Avon Products’ (AVP) “Hold” Rating Reiterated at Royal Bank Of Canada
Royal Bank Of Canada reissued their hold rating on shares of Avon Products, Inc. (NYSE:AVP) in a research report report published on Friday morning. The firm currently has a $3.00 price objective on the stock.
Several other research analysts also recently issued reports on AVP. Zacks Investment Research raised Avon Products from a strong sell rating to a hold rating in a research note on Wednesday, July 5th. DA Davidson initiated coverage on Avon Products in a research note on Thursday, July 6th. They set a neutral rating and a $4.25 price target for the company. Stifel Nicolaus reaffirmed a hold rating on shares of Avon Products in a research note on Thursday, August 3rd. Deutsche Bank AG reaffirmed a hold rating and set a $3.00 price target (down previously from $5.00) on shares of Avon Products in a research note on Friday, August 4th. Finally, UBS AG cut their price target on Avon Products from $3.50 to $2.75 and set a sell rating for the company in a research note on Friday, August 4th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Avon Products presently has a consensus rating of Hold and a consensus target price of $3.49.
Shares of Avon Products (AVP) opened at 2.40 on Friday. Avon Products has a 12 month low of $2.24 and a 12 month high of $6.96. The stock has a 50 day moving average of $2.44 and a 200-day moving average of $3.37. The firm’s market capitalization is $1.06 billion.
Avon Products (NYSE:AVP) last released its quarterly earnings results on Thursday, August 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.10). The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.44 billion. Avon Products had a negative return on equity of 3.68% and a negative net margin of 0.99%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the firm earned $0.07 EPS. On average, equities research analysts anticipate that Avon Products will post $0.14 EPS for the current fiscal year.
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Hedge funds have recently made changes to their positions in the stock. Two Sigma Securities LLC raised its stake in Avon Products by 1.9% in the 1st quarter. Two Sigma Securities LLC now owns 22,824 shares of the company’s stock valued at $100,000 after purchasing an additional 420 shares during the last quarter. Alpine Global Management LLC acquired a new position in Avon Products in the 2nd quarter valued at about $100,000. Shelton Capital Management acquired a new position in Avon Products in the 2nd quarter valued at about $122,000. Oakbrook Investments LLC raised its stake in Avon Products by 2.5% in the 2nd quarter. Oakbrook Investments LLC now owns 32,500 shares of the company’s stock valued at $124,000 after purchasing an additional 800 shares during the last quarter. Finally, LS Investment Advisors LLC raised its stake in Avon Products by 17.5% in the 2nd quarter. LS Investment Advisors LLC now owns 35,108 shares of the company’s stock valued at $133,000 after purchasing an additional 5,217 shares during the last quarter. 84.24% of the stock is owned by hedge funds and other institutional investors.
About Avon Products
Avon Products, Inc is a manufacturer and marketer of beauty and related products. The Company’s segments include Europe, Middle East & Africa; South Latin America; North Latin America, and Asia Pacific. Its product categories are Beauty, and Fashion and Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics).
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