Avon Products, Inc. (AVP) Receives Hold Rating from Deutsche Bank AG
Avon Products, Inc. (NYSE:AVP)‘s stock had its “hold” rating restated by equities research analysts at Deutsche Bank AG in a research note issued to investors on Friday, Marketbeat reports. They currently have a $3.00 price objective on the stock, down from their previous price objective of $5.00. Deutsche Bank AG’s target price suggests a potential upside of 4.53% from the stock’s previous close.
A number of other equities research analysts also recently commented on AVP. Stifel Nicolaus reaffirmed a “hold” rating on shares of Avon Products in a research report on Thursday. Royal Bank Of Canada lowered their price objective on Avon Products from $4.00 to $3.00 and set a “sector perform” rating for the company in a research report on Friday. DA Davidson began coverage on Avon Products in a research report on Thursday, July 6th. They issued a “neutral” rating and a $4.25 price objective for the company. Zacks Investment Research raised Avon Products from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, ValuEngine downgraded Avon Products from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $4.50.
Shares of Avon Products (AVP) traded down 4.33% during trading on Friday, hitting $2.87. The stock had a trading volume of 10,507,952 shares. The company’s market cap is $1.26 billion. Avon Products has a 12-month low of $2.84 and a 12-month high of $6.96. The stock’s 50 day moving average is $3.65 and its 200-day moving average is $4.26.
Avon Products (NYSE:AVP) last announced its quarterly earnings data on Thursday, August 3rd. The company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.10. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Avon Products had a negative net margin of 0.99% and a negative return on equity of 3.68%. Avon Products’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 EPS. Analysts forecast that Avon Products will post $0.22 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ruffer LLP purchased a new position in shares of Avon Products during the first quarter worth $218,000. Americafirst Capital Management LLC purchased a new position in shares of Avon Products during the first quarter worth $689,000. Highbridge Capital Management LLC purchased a new position in shares of Avon Products during the fourth quarter worth $335,000. Acrospire Investment Management LLC boosted its position in shares of Avon Products by 33.7% in the first quarter. Acrospire Investment Management LLC now owns 24,036 shares of the company’s stock worth $106,000 after buying an additional 6,058 shares during the last quarter. Finally, Dynamic Capital Management Ltd boosted its position in shares of Avon Products by 565.6% in the first quarter. Dynamic Capital Management Ltd now owns 185,384 shares of the company’s stock worth $816,000 after buying an additional 157,531 shares during the last quarter. Hedge funds and other institutional investors own 86.89% of the company’s stock.
About Avon Products
Avon Products, Inc is a manufacturer and marketer of beauty and related products. The Company’s segments include Europe, Middle East & Africa; South Latin America; North Latin America, and Asia Pacific. Its product categories are Beauty, and Fashion and Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics).
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