Avon Products’ (AVP) Buy Rating Reaffirmed at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Avon Products, Inc. (NYSE:AVP) in a research report released on Monday. The brokerage currently has a $2.00 price target on the stock.

Several other research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Avon Products from a buy rating to a hold rating in a report on Monday, November 6th. Stifel Nicolaus restated a hold rating and set a $3.00 target price on shares of Avon Products in a report on Friday, November 3rd. Jefferies Group LLC reduced their target price on shares of Avon Products from $2.20 to $1.75 and set an underperform rating for the company in a report on Friday, November 3rd. Royal Bank Of Canada restated a hold rating and set a $3.00 target price on shares of Avon Products in a report on Friday, October 13th. Finally, ValuEngine cut shares of Avon Products from a hold rating to a sell rating in a report on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $2.91.



Shares of Avon Products (NYSE AVP) remained flat at $$1.94 on Monday. The company’s stock had a trading volume of 4,547,700 shares, compared to its average volume of 5,939,634. Avon Products has a fifty-two week low of $1.85 and a fifty-two week high of $6.03. 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 earnings results on Thursday, November 2nd. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.04). Avon Products had a negative return on equity of 3.68% and a negative net margin of 1.40%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the company posted $0.02 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. analysts forecast that Avon Products will post -0.03 EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in the business. FMR LLC lifted its stake in Avon Products by 219.8% in the second quarter. FMR LLC now owns 29,804,223 shares of the company’s stock valued at $113,256,000 after acquiring an additional 20,485,474 shares during the last quarter. Yacktman Asset Management LP lifted its stake in Avon Products by 0.3% in the third quarter. Yacktman Asset Management LP now owns 19,132,384 shares of the company’s stock valued at $44,578,000 after acquiring an additional 51,355 shares during the last quarter. Investec Asset Management LTD lifted its stake in Avon Products by 11.3% in the third quarter. Investec Asset Management LTD now owns 8,010,850 shares of the company’s stock valued at $18,665,000 after acquiring an additional 811,514 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Avon Products by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 7,899,310 shares of the company’s stock valued at $18,406,000 after acquiring an additional 193,839 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Avon Products by 15.7% in the second quarter. Renaissance Technologies LLC now owns 6,632,000 shares of the company’s stock valued at $25,202,000 after acquiring an additional 899,200 shares during the last quarter. Hedge funds and other institutional investors own 83.89% 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).

Analyst Recommendations for Avon Products (NYSE:AVP)

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