Avon Products’ (AVP) Hold Rating Reaffirmed at Stifel Nicolaus
Avon Products, Inc. (NYSE:AVP)‘s stock had its “hold” rating reiterated by equities researchers at Stifel Nicolaus in a research report issued on Friday. They currently have a $3.00 price target on the stock. Stifel Nicolaus’ target price suggests a potential upside of 54.64% from the company’s previous close.
Several other research analysts have also recently issued reports on the company. DA Davidson assumed coverage on Avon Products in a research note on Thursday, July 6th. They issued a “neutral” rating and a $4.25 price objective on the stock. UBS AG dropped their price objective on Avon Products from $3.50 to $2.75 and set a “sell” rating on the stock in a research note on Friday, August 4th. Zacks Investment Research cut Avon Products from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Royal Bank Of Canada reissued a “hold” rating and issued a $3.00 price objective on shares of Avon Products in a research note on Friday, October 13th. Finally, Jefferies Group LLC assumed coverage on Avon Products in a research note on Wednesday, September 13th. They issued an “underperform” rating and a $2.20 price objective on the stock. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $3.19.
Avon Products (NYSE AVP) traded down $0.43 on Friday, hitting $1.94. The stock had a trading volume of 10,960,100 shares, compared to its average volume of 3,460,307.
Avon Products (NYSE:AVP) last released its earnings results on Thursday, November 2nd. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. Avon Products had a negative net margin of 1.40% and a negative return on equity of 3.68%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.02 EPS. equities analysts predict that Avon Products will post 0.09 earnings per share for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Avon Products by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 64,193 shares of the company’s stock worth $244,000 after buying an additional 213 shares during the period. Oakbrook Investments LLC lifted its holdings in shares of Avon Products by 2.5% during the 2nd 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. Bank of Montreal Can lifted its holdings in shares of Avon Products by 5.7% during the 2nd quarter. Bank of Montreal Can now owns 40,376 shares of the company’s stock valued at $153,000 after purchasing an additional 2,165 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in shares of Avon Products by 0.5% during the 2nd quarter. Retirement Systems of Alabama now owns 567,032 shares of the company’s stock valued at $2,155,000 after purchasing an additional 2,854 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Avon Products by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 185,400 shares of the company’s stock valued at $705,000 after purchasing an additional 3,200 shares during the last quarter. Institutional investors own 84.88% of the company’s stock.
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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