Morningstar Gives BBB- Credit Rating to Avon Products (AVP)
Avon Products (NYSE:AVP) has been given a “BBB-” credit rating by Morningstar. The firm’s “BBB-” rating indicates that the company is a moderate default risk. They also issued a negative credit outlook for the company and gave their stock a three star rating.
Other equities research analysts have also recently issued reports about the stock. 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. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Avon Products presently has an average rating of “Hold” and a consensus price target of $17.23.
Shares of Avon Products (NYSE:AVP) opened at 13.80 on Wednesday. Avon Products has a 52-week low of $12.80 and a 52-week high of $22.86. The stock has a 50-day moving average of $13.73 and a 200-day moving average of $14.36. The company’s market cap is $5.998 billion.
Avon Products (NYSE:AVP) last released its 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.
Avon Products, Inc (NYSE:AVP) is a manufacturer and marketer of beauty and related products.
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