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).
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