Avon Products, Inc. (NYSE:AVP) Earns Hold Rating from Stifel Nicolaus
Stifel Nicolaus reiterated their hold rating on shares of Avon Products, Inc. (NYSE:AVP) in a research report report published on Wednesday morning. They currently have a $4.00 target price on the stock, down from their previous target price of $4.50.
A number of other brokerages have also recently commented on AVP. Zacks Investment Research cut Avon Products from a buy rating to a hold rating in a research note on Friday, April 28th. DA Davidson began coverage on Avon Products in a research note on Thursday, July 6th. They issued a neutral rating and a $4.25 price objective for the company. ValuEngine cut Avon Products from a hold rating to a sell rating in a research note on Friday, June 2nd. UBS AG dropped their target price on Avon Products from $3.50 to $2.75 and set a sell rating on the stock in a report on Friday, August 4th. Finally, Deutsche Bank AG restated a hold rating and issued a $3.00 target price (down previously from $5.00) on shares of Avon Products in a report on Friday, August 4th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $4.44.
Avon Products (AVP) traded down 0.36% during midday trading on Wednesday, reaching $2.77. The company’s stock had a trading volume of 2,721,702 shares. The firm’s market cap is $1.22 billion. The firm has a 50 day moving average of $3.51 and a 200 day moving average of $4.14. Avon Products has a 52-week low of $2.70 and a 52-week high of $6.96.
Avon Products (NYSE:AVP) last announced its quarterly earnings data 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 firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the business posted $0.07 EPS. The company’s revenue was down 2.7% on a year-over-year basis. Analysts anticipate that Avon Products will post $0.16 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently bought and sold shares of AVP. Canada Pension Plan Investment Board raised its position in Avon Products by 65.5% in the first quarter. Canada Pension Plan Investment Board now owns 863,810 shares of the company’s stock worth $3,801,000 after buying an additional 341,800 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Avon Products by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 153,153 shares of the company’s stock worth $674,000 after buying an additional 2,100 shares in the last quarter. NJ State Employees Deferred Compensation Plan raised its position in Avon Products by 533.3% in the first quarter. NJ State Employees Deferred Compensation Plan now owns 95,000 shares of the company’s stock worth $418,000 after buying an additional 80,000 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Avon Products by 8.3% in the first quarter. State of New Jersey Common Pension Fund D now owns 5,200,000 shares of the company’s stock worth $22,880,000 after buying an additional 400,000 shares during the period. Finally, Shah Capital Management raised its stake in shares of Avon Products by 5.8% in the first quarter. Shah Capital Management now owns 3,266,908 shares of the company’s stock worth $14,374,000 after buying an additional 178,804 shares during the period. Institutional investors own 87.24% of the company’s stock.
About Avon Products
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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