Avon Products Given Consensus Recommendation of “Hold” by Brokerages (NYSE:AVP)
Avon Products (NYSE:AVP) has been given an average recommendation of “Hold” by the seventeen ratings firms that are currently covering the stock, Stock Ratings News reports. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $17.23.
AVP has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Avon Products in a research note on Wednesday, August 27th. They now have a $15.00 price target on the stock. Separately, analysts at BMO Capital Markets cut their price target on shares of Avon Products from $15.00 to $14.00 in a research note on Wednesday, August 6th. Finally, analysts at Wedbush cut their price target on shares of Avon Products from $15.00 to $14.00 in a research note on Friday, August 1st.
Avon Products (NYSE:AVP) opened at 14.03 on Tuesday. Avon Products has a 52-week low of $12.80 and a 52-week high of $22.86. The stock’s 50-day moving average is $13.76 and its 200-day moving average is $14.38. The company’s market cap is $6.098 billion.
Avon Products (NYSE:AVP) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was down 12.8% on a year-over-year basis. Analysts expect that Avon Products will post $0.81 EPS 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 1.71%. The ex-dividend date is Tuesday, August 12th.
Avon Products, Inc (NYSE:AVP) is a manufacturer and marketer of beauty and related products.
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