Avon Products Receives Average Rating of “Hold” from Analysts (NYSE:AVP)
Shares of Avon Products (NYSE:AVP) have earned an average rating of “Hold” from the sixteen analysts that are presently covering the company, AnalystRatings.Net reports. Eight research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $17.91.
Shares of Avon Products (NYSE:AVP) opened at 13.18 on Tuesday. Avon Products has a 52-week low of $12.99 and a 52-week high of $24.71. The stock’s 50-day moving average is $14.42 and its 200-day moving average is $14.75. The company’s market cap is $5.726 billion. Avon Products also saw some unusual options trading on Thursday. Investors purchased 31,573 call options on the company. This is an increase of approximately 1,519% compared to the typical daily volume of 1,950 call options.
Avon Products (NYSE:AVP) last announced its earnings results 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. On average, analysts predict that Avon Products will post $0.82 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on AVP shares. Analysts at Zacks upgraded shares of Avon Products from an “underperform” rating to a “neutral” rating in a research note on Friday, July 18th. They now have a $15.00 price target on the stock. Finally, 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.
Avon Products, Inc (NYSE:AVP) is a manufacturer and marketer of beauty and related products.
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