Avon Products Given Consensus Rating of “Hold” by Analysts (NYSE:AVP)
Shares of Avon Products (NYSE:AVP) have earned a consensus rating of “Hold” from the seventeen analysts that are covering the stock, AnalystRatings.Net reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $17.93.
AVP has been the subject of a number of recent research reports. Analysts at Zacks reiterated an “underperform” rating on shares of Avon Products in a research note on Monday, May 26th. They now have a $13.00 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of Avon Products from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Finally, analysts at Credit Suisse cut their price target on shares of Avon Products from $19.00 to $15.00 in a research note on Tuesday, May 6th.
Avon Products (NYSE:AVP) traded down 0.75% during mid-day trading on Thursday, hitting $14.65. 190,569 shares of the company’s stock traded hands. Avon Products has a 52 week low of $13.22 and a 52 week high of $24.71. The stock’s 50-day moving average is $14.18 and its 200-day moving average is $15.36. The company’s market cap is $6.365 billion. Avon Products also saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 23,029,176 shares, a decrease of 12.3% from the April 30th total of 26,266,403 shares. Based on an average daily volume of 6,871,962 shares, the short-interest ratio is presently 3.4 days. Currently, 5.3% of the company’s stock are short sold.
Avon Products (NYSE:AVP) last released its earnings data on Thursday, May 1st. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.21 by $0.09. The company had revenue of $2.20 million for the quarter, compared to the consensus estimate of $2.20 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was down 11.1% on a year-over-year basis. Analysts expect that Avon Products will post $0.83 EPS for the current fiscal year.
In other Avon Products news, SVP Donagh Herlihy unloaded 26,602 shares of the company’s stock on the open market in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $14.27, for a total transaction of $379,610.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Avon Products, Inc (NYSE:AVP) is a manufacturer and marketer of beauty and related products.
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