Avon Products PT Raised to $16.00 (AVP)
Research analysts at Bernstein lifted their price target on shares of Avon Products (NYSE:AVP) from $15.00 to $16.00 in a report released on Friday. Bernstein’s target price would indicate a potential upside of 20.94% from the company’s current price.
Shares of Avon Products (NYSE:AVP) traded up 0.23% during mid-day trading on Friday, hitting $13.23. 8,099,751 shares of the company’s stock traded hands. Avon Products has a one year low of $12.80 and a one year high of $22.86. The stock’s 50-day moving average is $14.19 and its 200-day moving average is $14.61. The company’s market cap is $5.748 billion. Avon Products also was the recipient of some unusual options trading on Tuesday. Stock investors purchased 10,967 put options on the company. This represents an increase of approximately 654% compared to the average daily volume of 1,454 put options.
Avon Products (NYSE:AVP) last issued its quarterly 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 announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Tuesday, August 12th.
A number of other analysts have also recently weighed in on AVP. 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. Separately, 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 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. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $17.31.
Avon Products, Inc (NYSE:AVP) is a manufacturer and marketer of beauty and related products.
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