Avon Products, Inc. (NYSE:AVP) Receives Average Recommendation of “Hold” from Brokerages
Shares of Avon Products, Inc. (NYSE:AVP) have been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $4.32.
AVP has been the topic of several analyst reports. Zacks Investment Research raised shares of Avon Products from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research note on Tuesday, May 2nd. Stifel Nicolaus reaffirmed a “hold” rating on shares of Avon Products in a research note on Thursday, August 3rd. Deutsche Bank AG reaffirmed a “hold” rating and issued a $3.00 target price (down from $5.00) on shares of Avon Products in a research note on Friday, August 4th. DA Davidson initiated coverage on shares of Avon Products in a research note on Thursday, July 6th. They issued a “neutral” rating and a $4.25 target price on the stock. Finally, Royal Bank Of Canada decreased their target price on shares of Avon Products from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research note on Friday, August 4th.
A number of hedge funds and other institutional investors have recently modified their holdings of AVP. Ontario Teachers Pension Plan Board increased its position in shares of Avon Products by 10.5% in the second quarter. Ontario Teachers Pension Plan Board now owns 1,392,298 shares of the company’s stock worth $5,291,000 after buying an additional 132,387 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Avon Products by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 7,705,471 shares of the company’s stock worth $29,280,000 after buying an additional 501,656 shares in the last quarter. Virtu KCG Holdings LLC increased its stake in Avon Products by 56.9% in the second quarter. Virtu KCG Holdings LLC now owns 409,800 shares of the company’s stock worth $1,557,000 after buying an additional 148,653 shares in the last quarter. Renaissance Technologies LLC increased its stake in Avon Products by 15.7% in the second quarter. Renaissance Technologies LLC now owns 6,632,000 shares of the company’s stock worth $25,202,000 after buying an additional 899,200 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in Avon Products by 73.7% in the second quarter. Quantbot Technologies LP now owns 138,915 shares of the company’s stock worth $527,000 after buying an additional 58,930 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.
Avon Products (AVP) opened at 2.77 on Friday. The company’s 50-day moving average is $3.51 and its 200-day moving average is $4.14. Avon Products has a 52-week low of $2.70 and a 52-week high of $6.96. The firm’s market capitalization is $1.22 billion.
Avon Products (NYSE:AVP) last issued its earnings results on Thursday, August 3rd. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.07 by $0.10. Avon Products had a negative return on equity of 3.68% and a negative net margin of 0.99%. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the firm earned $0.07 earnings per share. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. Analysts forecast that Avon Products will post $0.16 EPS for the current fiscal year.
Avon Products Company Profile
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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