Stock Traders Purchase High Volume of Put Options on Avon Products (AVP)
Shares of Avon Products (NYSE:AVP) saw some unusual options trading on Thursday. Stock investors acquired 8,621 put options on the stock, Analyst Ratings.Net reports. This is an increase of approximately 123% compared to the average daily volume of 3,871 put options.
A number of research firms have recently commented on AVP. Analysts at BTIG Research initiated coverage on shares of Avon Products in a research note to investors on Wednesday. They set a “buy” rating on the stock. Separately, analysts at Merrill Lynch downgraded shares of Avon Products to a “neutral” rating in a research note to investors on Wednesday, December 18th. Finally, analysts at Bank of America Corp. downgraded shares of Avon Products from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, December 18th. They now have a $18.50 price target on the stock, down previously from $22.50. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $20.58.
Avon Products (NYSE:AVP) traded up 1.15% on Thursday, hitting $14.93. 7,368,797 shares of the company’s stock traded hands. Avon Products has a 52-week low of $14.69 and a 52-week high of $24.71. The stock has a 50-day moving average of $16.73 and a 200-day moving average of $19.44. The company’s market cap is $6.476 billion.
Avon Products, Inc (NYSE:AVP) is a manufacturer and marketer of beauty and related products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.