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).
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