Avon Products, Inc. (AVP) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Avon Products, Inc. (NYSE:AVP) have received an average recommendation of “Hold” from the ten analysts that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $2.91.
A number of analysts have weighed in on the company. Zacks Investment Research upgraded Avon Products from a “strong sell” rating to a “hold” rating in a research report on Monday. DA Davidson reiterated a “buy” rating and issued a $2.00 price target on shares of Avon Products in a research report on Monday, November 20th. Stifel Nicolaus reiterated a “hold” rating and issued a $3.00 price target on shares of Avon Products in a research report on Friday, November 3rd. Bank of America cut Avon Products from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $3.00 to $2.50 in a research report on Thursday, January 4th. Finally, Jefferies Group lowered their price target on Avon Products from $2.20 to $1.75 and set an “underperform” rating on the stock in a research report on Friday, November 3rd.
Shares of Avon Products (NYSE AVP) traded down $0.01 during midday trading on Tuesday, hitting $2.20. The company had a trading volume of 2,557,100 shares, compared to its average volume of 2,668,400. The company has a quick ratio of 0.97, a current ratio of 1.42 and a debt-to-equity ratio of -2.31. The firm has a market capitalization of $950.40, a price-to-earnings ratio of -9.57, a price-to-earnings-growth ratio of 2.40 and a beta of 1.81. Avon Products has a twelve month low of $1.85 and a twelve month high of $6.03.
Avon Products (NYSE:AVP) last issued its earnings results on Thursday, November 2nd. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the firm earned $0.02 EPS. equities analysts anticipate that Avon Products will post -0.03 EPS for the current year.
A number of institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its holdings in Avon Products by 219.8% in the second quarter. FMR LLC now owns 29,804,223 shares of the company’s stock valued at $113,256,000 after acquiring an additional 20,485,474 shares during the last quarter. Yacktman Asset Management LP boosted its holdings in Avon Products by 0.3% in the third quarter. Yacktman Asset Management LP now owns 19,132,384 shares of the company’s stock valued at $44,578,000 after acquiring an additional 51,355 shares during the last quarter. Investec Asset Management LTD boosted its holdings in Avon Products by 11.3% in the third quarter. Investec Asset Management LTD now owns 8,010,850 shares of the company’s stock valued at $18,665,000 after acquiring an additional 811,514 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Avon Products by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 7,899,310 shares of the company’s stock valued at $18,406,000 after acquiring an additional 193,839 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Avon Products by 15.7% in the second quarter. Renaissance Technologies LLC now owns 6,632,000 shares of the company’s stock valued at $25,202,000 after acquiring an additional 899,200 shares during the last quarter. Institutional investors and hedge funds own 82.38% of the company’s stock.
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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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