Avon Products, Inc. (AVP) Shares Up 6.1%
Avon Products, Inc. (NYSE:AVP) shares shot up 6.1% on Friday . The stock traded as high as $2.10 and last traded at $2.10. 5,955,900 shares traded hands during mid-day trading, an increase of 0% from the average session volume of 5,939,863 shares. The stock had previously closed at $1.98.
Several research firms have weighed in on AVP. DA Davidson reissued a “buy” rating and issued a $2.00 price objective on shares of Avon Products in a research report on Monday. Zacks Investment Research cut Avon Products from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Stifel Nicolaus reaffirmed a “hold” rating and set a $3.00 price target on shares of Avon Products in a research report on Friday, November 3rd. Jefferies Group LLC dropped 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. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $3.00 price target on shares of Avon Products in a research report on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Avon Products has an average rating of “Hold” and a consensus target price of $2.91.
The company has a current ratio of 1.42, a quick ratio of 0.97 and a debt-to-equity ratio of -2.31.
Avon Products (NYSE:AVP) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). Avon Products had a negative net margin of 1.40% and a negative return on equity of 3.68%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the firm posted $0.02 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. equities analysts anticipate that Avon Products, Inc. will post -0.03 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Avon Products by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 64,193 shares of the company’s stock valued at $244,000 after purchasing an additional 213 shares in the last quarter. Oakbrook Investments LLC lifted its position in shares of Avon Products by 2.5% in the second quarter. Oakbrook Investments LLC now owns 32,500 shares of the company’s stock valued at $124,000 after acquiring an additional 800 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Avon Products by 5.7% in the second quarter. Bank of Montreal Can now owns 40,376 shares of the company’s stock valued at $153,000 after acquiring an additional 2,165 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of Avon Products by 0.5% in the second quarter. Retirement Systems of Alabama now owns 567,032 shares of the company’s stock valued at $2,155,000 after acquiring an additional 2,854 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Avon Products by 1.8% in the second quarter. Arizona State Retirement System now owns 185,400 shares of the company’s stock worth $705,000 after purchasing an additional 3,200 shares during the last quarter. Institutional investors own 83.89% of the company’s stock.
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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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