Avon Products’ (AVP) Hold Rating Reiterated at Royal Bank Of Canada
Avon Products, Inc. (NYSE:AVP)‘s stock had its “hold” rating reaffirmed by equities researchers at Royal Bank Of Canada in a research note issued to investors on Friday. They currently have a $3.00 price target on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 25.52% from the company’s current price.
A number of other research firms also recently commented on AVP. Zacks Investment Research raised Avon Products from a “strong sell” rating to a “hold” rating in a report on Tuesday. Jefferies Group LLC started coverage on Avon Products in a report on Wednesday, September 13th. They issued an “underperform” rating and a $2.20 price target on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $4.00 price target (down previously from $4.50) on shares of Avon Products in a report on Wednesday, August 9th. ValuEngine downgraded Avon Products from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, UBS AG cut their price target on Avon Products from $3.50 to $2.75 and set a “sell” rating on the stock in a report on Friday, August 4th. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Avon Products currently has a consensus rating of “Hold” and a consensus target price of $3.49.
Avon Products (NYSE AVP) traded up 3.46% during trading on Friday, reaching $2.39. The company’s stock had a trading volume of 2,534,379 shares. The company’s 50-day moving average is $2.44 and its 200-day moving average is $3.40. The company’s market capitalization is $1.05 billion. Avon Products has a 1-year low of $2.24 and a 1-year high of $6.96.
Avon Products (NYSE:AVP) last posted its earnings results on Thursday, August 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.10). Avon Products had a negative net margin of 0.99% and a negative return on equity of 3.68%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the business posted $0.07 EPS. Avon Products’s quarterly revenue was down 2.7% compared to the same quarter last year. Equities analysts anticipate that Avon Products will post $0.14 EPS for the current year.
Several institutional investors have recently modified their holdings of AVP. Two Sigma Securities LLC boosted its position in Avon Products by 1.9% during the first quarter. Two Sigma Securities LLC now owns 22,824 shares of the company’s stock valued at $100,000 after purchasing an additional 420 shares during the last quarter. Alpine Global Management LLC acquired a new stake in Avon Products during the second quarter valued at $100,000. Shelton Capital Management acquired a new stake in Avon Products during the second quarter valued at $122,000. Oakbrook Investments LLC boosted its position in Avon Products by 2.5% during the second quarter. Oakbrook Investments LLC now owns 32,500 shares of the company’s stock valued at $124,000 after purchasing an additional 800 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its position in Avon Products by 17.5% during the second quarter. LS Investment Advisors LLC now owns 35,108 shares of the company’s stock valued at $133,000 after purchasing an additional 5,217 shares during the last quarter. 84.24% of the stock is owned by institutional investors and hedge funds.
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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