Royal Bank Of Canada Reiterates “Hold” Rating for Avon Products, Inc. (AVP)

Avon Products, Inc. (NYSE:AVP)‘s stock had its “hold” rating reiterated by stock analysts at Royal Bank Of Canada in a research report issued to clients and investors on Friday. They currently have a $3.00 price target on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 29.87% from the company’s current price.

Several other equities research analysts also recently issued reports on AVP. Zacks Investment Research downgraded Avon Products from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 9th. Stifel Nicolaus reiterated a “hold” rating and issued a $4.00 price objective (down previously from $4.50) on shares of Avon Products in a report on Wednesday, August 9th. UBS AG cut their price objective on Avon Products from $3.50 to $2.75 and set a “sell” rating on the stock in a report on Friday, August 4th. ValuEngine downgraded Avon Products from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $3.00 price objective (down previously from $5.00) on shares of Avon Products 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 an average rating of “Hold” and an average price target of $3.49.

Shares of Avon Products (NYSE:AVP) traded up 3.46% during trading on Friday, reaching $2.39. The company’s stock had a trading volume of 2,534,227 shares. The stock’s market capitalization is $1.05 billion. The company’s 50-day moving average price is $2.44 and its 200 day moving average price is $3.40. 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) EPS for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the firm earned $0.07 EPS. Avon Products’s revenue for the quarter was down 2.7% compared to the same quarter last year. Analysts anticipate that Avon Products will post $0.14 EPS for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the business. Two Sigma Securities LLC raised its stake in Avon Products by 1.9% during the 1st quarter. Two Sigma Securities LLC now owns 22,824 shares of the company’s stock valued at $100,000 after acquiring an additional 420 shares during the last quarter. Alpine Global Management LLC purchased a new position in shares of Avon Products during the 2nd quarter worth approximately $100,000. Shelton Capital Management purchased a new position in shares of Avon Products during the 2nd quarter worth approximately $122,000. Oakbrook Investments LLC raised its stake 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 worth $124,000 after buying an additional 800 shares in the last quarter. Finally, LS Investment Advisors LLC raised its stake in shares of Avon Products by 17.5% during the 2nd quarter. LS Investment Advisors LLC now owns 35,108 shares of the company’s stock worth $133,000 after buying an additional 5,217 shares in the last quarter. 84.24% of the stock is owned by hedge funds and other institutional investors.

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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