Avon Products, Inc. (AVP) Receives Consensus Recommendation of “Hold” from Brokerages

Avon Products, Inc. (NYSE:AVP) has earned an average recommendation of “Hold” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $2.91.

A number of equities research analysts recently weighed in on AVP shares. Jefferies Group started coverage on shares of Avon Products in a research note on Wednesday, September 13th. They set an “underperform” rating and a $2.20 price objective on the stock. Zacks Investment Research upgraded shares of Avon Products from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Royal Bank of Canada restated a “hold” rating and set a $3.00 price objective on shares of Avon Products in a research note on Friday, October 13th. Stifel Nicolaus restated a “hold” rating and set a $3.00 price objective on shares of Avon Products in a research note on Friday, November 3rd. Finally, DA Davidson restated a “hold” rating and set a $2.00 price objective on shares of Avon Products in a research note on Tuesday, November 7th.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. grew its stake in Avon Products by 1.5% during the 2nd quarter. Principal Financial Group Inc. now owns 1,797,967 shares of the company’s stock valued at $6,832,000 after acquiring an additional 26,869 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Avon Products by 11.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 554,803 shares of the company’s stock valued at $2,108,000 after acquiring an additional 58,666 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Avon Products by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 64,193 shares of the company’s stock valued at $244,000 after acquiring an additional 213 shares in the last quarter. Engineers Gate Manager LP purchased a new position in Avon Products during the 2nd quarter valued at about $1,636,000. Finally, Systematic Financial Management LP purchased a new position in Avon Products during the 2nd quarter valued at about $1,789,000. Hedge funds and other institutional investors own 82.38% of the company’s stock.

Shares of Avon Products (AVP) traded down $0.01 on Tuesday, hitting $2.20. 2,557,100 shares of the stock traded hands, compared to its average volume of 2,668,400. Avon Products has a 52 week low of $1.85 and a 52 week high of $6.03. The firm has a market capitalization of $950.40, a P/E ratio of -9.57, a price-to-earnings-growth ratio of 2.40 and a beta of 1.81. The company has a current ratio of 1.42, a quick ratio of 0.97 and a debt-to-equity ratio of -2.31.

Avon Products (NYSE:AVP) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.04). The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the business posted $0.02 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. equities analysts expect that Avon Products will post -0.03 EPS for the current fiscal year.

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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).

Analyst Recommendations for Avon Products (NYSE:AVP)

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