Avon Products (AVP) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of Avon Products (NYSE:AVP) from a sell rating to a hold rating in a research report released on Friday.

Several other research firms have also weighed in on AVP. Stifel Nicolaus reissued a hold rating and set a $3.00 price objective on shares of Avon Products in a research note on Friday, November 3rd. Royal Bank Of Canada reduced their price objective on shares of Avon Products from $4.00 to $3.00 and set a sector perform rating on the stock in a research note on Friday, August 4th. Zacks Investment Research raised shares of Avon Products from a hold rating to a buy rating and set a $2.50 price objective on the stock in a research note on Monday, October 23rd. Deutsche Bank reissued a hold rating and set a $3.00 price objective (down previously from $5.00) on shares of Avon Products in a research note on Friday, August 4th. Finally, Jefferies Group reduced their price objective on shares of Avon Products from $2.20 to $1.75 and set an underperform rating on the stock in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $2.91.

Avon Products (NYSE AVP) opened at $2.08 on Friday. Avon Products has a one year low of $1.85 and a one year high of $6.03. The company has a quick ratio of 0.97, a current ratio of 1.42 and a debt-to-equity ratio of -2.31.

Avon Products (NYSE:AVP) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.03 earnings per share for the quarter, missing the 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 firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the business earned $0.02 EPS. The firm’s revenue was up .7% compared to the same quarter last year. equities research analysts expect that Avon Products will post -0.03 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the business. Alpine Global Management LLC acquired a new stake in Avon Products during the 2nd quarter worth approximately $100,000. Shelton Capital Management acquired a new stake in Avon Products during the 2nd quarter worth approximately $122,000. LS Investment Advisors LLC raised its holdings in 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 during the period. PEAK6 Investments L.P. acquired a new stake in Avon Products during the 3rd quarter worth approximately $139,000. Finally, Bank of Montreal Can raised its holdings in Avon Products by 5.7% during the 2nd quarter. Bank of Montreal Can now owns 40,376 shares of the company’s stock worth $153,000 after buying an additional 2,165 shares during the period. Hedge funds and other institutional investors own 81.72% of the company’s stock.

WARNING: This article was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://www.dispatchtribunal.com/2017/12/05/avon-products-avp-rating-increased-to-hold-at-valuengine.html.

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Avon Products (NYSE:AVP)

Receive News & Ratings for Avon Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avon Products Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply