Avon Products Rating Reiterated by Wedbush (AVP)
Avon Products (NYSE:AVP)‘s stock had its “neutral” rating restated by investment analysts at Wedbush in a note issued to investors on Thursday, StockRatingsNetwork.com reports.
Avon Products (NYSE:AVP) traded up 4.40% during mid-day trading on Thursday, hitting $18.27. The stock had a trading volume of 15,070,075 shares. Avon Products has a 52-week low of $13.70 and a 52-week high of $24.71. The stock’s 50-day moving average is $20.92 and its 200-day moving average is $21.82. The company’s market cap is $7.923 billion. Avon Products also saw some unusual options trading on Thursday. Investors purchased 21,073 call options on the stock. This is an increase of approximately 646% compared to the typical daily volume of 2,825 call options.
Avon Products (NYSE:AVP) last released its earnings data on Thursday, October 31st. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.19 by $0.05. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was down 7.5% on a year-over-year basis. Analysts expect that Avon Products will post $1.10 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Wednesday, November 13th.
A number of other analysts have also recently weighed in on AVP. Analysts at Standpoint Research upgraded shares of Avon Products from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a $22.00 price target on the stock. Separately, analysts at Wells Fargo & Co. upgraded shares of Avon Products from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, October 7th. Finally, analysts at Zacks downgraded shares of Avon Products from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, September 11th. They now have a $22.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $22.44.
Avon Products, Inc (NYSE:AVP) is a manufacturer and marketer of beauty and related products.
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