Avon Products Given New $14.00 Price Target at Wedbush (AVP)
Investment analysts at Wedbush lowered their target price on shares of Avon Products (NYSE:AVP) from $15.00 to $14.00 in a note issued to investors on Friday. Wedbush’s price objective suggests a potential upside of 5.82% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bernstein raised their price target on shares of Avon Products from $15.00 to $16.00 in a research note on Friday. Separately, analysts at B. Riley reiterated a “buy” rating on shares of Avon Products in a research note on Friday. They now have a $16.00 price target on the stock, down previously from $18.00. Finally, 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. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $17.31.
Shares of Avon Products (NYSE:AVP) traded up 0.23% during mid-day trading on Friday, hitting $13.23. The stock had a trading volume of 8,099,751 shares. Avon Products has a one year low of $12.80 and a one year high of $22.86. The stock has a 50-day moving average of $14.19 and a 200-day moving average of $14.61. The company’s market cap is $5.748 billion. Avon Products also was the target of unusually large options trading on Tuesday. Traders bought 10,967 put options on the stock. This represents an increase of approximately 654% compared to the average daily volume of 1,454 put options.
Avon Products (NYSE:AVP) last released its earnings data on Thursday, July 31st. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.01. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was down 12.8% 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.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Thursday, August 14th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Tuesday, August 12th.
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.