Avon Products, Inc. (AVP) Coverage Initiated at Jefferies Group LLC
Analysts at Jefferies Group LLC assumed coverage on shares of Avon Products, Inc. (NYSE:AVP) in a research note issued to investors on Wednesday. The brokerage set an “underperform” rating and a $2.20 price target on the stock. Jefferies Group LLC’s target price indicates a potential downside of 11.82% from the company’s previous close. Jefferies Group also issued estimates for Avon Products’ Q3 2017 earnings at $0.07 EPS, Q4 2017 earnings at $0.13 EPS, FY2017 earnings at $0.10 EPS, Q1 2018 earnings at ($0.01) EPS, Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.09 EPS, Q4 2018 earnings at $0.14 EPS, FY2018 earnings at $0.25 EPS, Q1 2019 earnings at $0.02 EPS, Q2 2019 earnings at $0.08 EPS and FY2019 earnings at $0.40 EPS.
Several other equities research analysts have also issued reports on AVP. Zacks Investment Research lowered shares of Avon Products from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 9th. Stifel Nicolaus restated a “hold” rating and issued a $4.00 target price (down previously from $4.50) on shares of Avon Products in a report on Wednesday, August 9th. UBS AG lowered their target price on shares of Avon Products from $3.50 to $2.75 and set a “sell” rating for the company in a report on Friday, August 4th. Royal Bank Of Canada lowered their target price on shares of Avon Products from $4.00 to $3.00 and set a “sector perform” rating for the company in a report on Friday, August 4th. Finally, ValuEngine lowered shares of Avon Products from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Four research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $3.71.
Shares of Avon Products (NYSE AVP) opened at 2.49 on Wednesday. The stock’s 50 day moving average is $2.79 and its 200-day moving average is $3.68. Avon Products has a 12-month low of $2.40 and a 12-month high of $6.96. The company’s market capitalization is $1.10 billion.
Avon Products (NYSE:AVP) last released its earnings results on Thursday, August 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.10). The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.44 billion. Avon Products had a negative return on equity of 3.68% and a negative net margin of 0.99%. Avon Products’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 EPS. Analysts anticipate that Avon Products will post $0.15 earnings per share for the current year.
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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Avon Products by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 64,193 shares of the company’s stock valued at $244,000 after buying an additional 213 shares in the last quarter. World Asset Management Inc lifted its holdings in Avon Products by 0.8% during the 1st quarter. World Asset Management Inc now owns 37,771 shares of the company’s stock valued at $166,000 after buying an additional 293 shares in the last quarter. Two Sigma Securities LLC lifted its holdings in Avon Products by 1.9% during the 1st quarter. Two Sigma Securities LLC now owns 22,824 shares of the company’s stock valued at $100,000 after buying an additional 420 shares in the last quarter. Capstone Asset Management Co. lifted its holdings in Avon Products by 1.5% during the 1st quarter. Capstone Asset Management Co. now owns 38,157 shares of the company’s stock valued at $168,000 after buying an additional 560 shares in the last quarter. Finally, Oakbrook Investments LLC lifted its holdings in Avon Products by 2.5% during the 2nd quarter. Oakbrook Investments LLC now owns 32,500 shares of the company’s stock valued at $124,000 after buying an additional 800 shares in the last quarter. Institutional investors own 84.24% of the company’s stock.
Avon Products Company Profile
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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