Several brokerages have updated their recommendations and price targets on shares of Avon Products (NYSE: AVP) in the last few weeks:

  • 11/7/2017 – Avon Products had its “hold” rating reaffirmed by analysts at DA Davidson. They now have a $2.00 price target on the stock.
  • 11/6/2017 – Avon Products was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Avon has underperformed the industry in six months owing to its dismal earnings surprise history. Notably, third-quarter 2017 results marked the company’s fifth straight quarter of earnings miss. Further, operating margin remained under pressure due to higher bad debt expenses, alongside increased Representative, sales leader and field expenses, all mainly in Brazil. However, top line reversed the trend after four consecutive misses. Though Avon is witnessing improving trends in various markets, it expects modest growth in fourth-quarter while results are likely to lag expectations in 2017. Nevertheless, Avon’s progress on Transformation Plan, which is on track to deliver cost savings goals of $230 million for 2017, is impressive. Further, the company expects to drive growth through innovations, solid team execution, improving Representative experience. However, the company will take time to realize the benefits from these strategies.”
  • 11/3/2017 – Avon Products had its price target lowered by analysts at Jefferies Group LLC from $2.20 to $1.75. They now have an “underperform” rating on the stock.
  • 11/3/2017 – Avon Products had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $3.00 price target on the stock.
  • 10/23/2017 – Avon Products was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $2.50 price target on the stock. According to Zacks, “Avon’s progress on Transformation Plan, which is on track to deliver cost savings goals of $230 million for 2017, is impressive. With significant progress on enhancing cost structure and improving financial flexibility, the company is now keen on investing in growth by implementing strategies to aid in strengthening Avon while driving profitable growth. However, Avon has underperformed the industry in the last three months largely due to its dismal surprise history. The company has lagged top-line and bottom-line estimates for four straight quarters now. Results for the most recent quarter were mainly impacted by strong comparisons with the prior-year quarter. Based on the dismal performance, the company now expects constant-dollar revenue growth for 2017 to be at the low-end of its previous guidance range of low-single digits growth. Nevertheless, estimates have been stable lately ahead of the third quarter earnings release.”
  • 10/13/2017 – Avon Products had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $3.00 price target on the stock.
  • 10/10/2017 – Avon Products was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Avon has underperformed the industry in the last three months largely due to its dismal surprise history. Notably, the company has lagged top-line and bottom-line estimates for four straight quarters now. Results for the most recent quarter were mainly impacted by strong comparisons with the prior-year quarter. Based on the dismal performance, the company now expects constant-dollar revenue growth for 2017 to be at the low-end of its previous guidance range of low-single digits growth. However, the company’s progress on Transformation Plan, which is on track to deliver cost savings goals of $230 million for 2017, is impressive. With significant progress on enhancing cost structure and improving financial flexibility, the company is now keen on investing in growth by implementing strategies to aid in strengthening Avon while driving profitable growth. Estimates have been stable lately ahead of the third quarter earnings release.”

Avon Products, Inc. (AVP) opened at $1.88 on Tuesday. Avon Products, Inc. has a 52 week low of $1.87 and a 52 week high of $6.03. The company has a debt-to-equity ratio of -2.31, a current ratio of 1.42 and a quick ratio of 0.97.

Avon Products (NYSE:AVP) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.04). Avon Products had a negative net margin of 1.40% and a negative return on equity of 3.68%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the business posted $0.02 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. equities analysts predict that Avon Products, Inc. will post -0.03 earnings per share for the current year.

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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