Jefferies Group set a $2.00 target price on Avon Products (NYSE:AVP) in a research report report published on Thursday morning. The firm currently has a sell rating on the stock. Jefferies Group also issued estimates for Avon Products’ Q1 2018 earnings at $0.00 EPS, Q2 2018 earnings at $0.02 EPS, Q3 2018 earnings at $0.03 EPS, Q1 2019 earnings at $0.00 EPS, Q2 2019 earnings at $0.04 EPS, Q3 2019 earnings at $0.06 EPS and FY2019 earnings at $0.24 EPS.
A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Avon Products from a hold rating to a buy rating and set a $2.50 target price on the stock in a research note on Monday, October 23rd. DA Davidson reiterated a buy rating and issued a $2.00 target price on shares of Avon Products in a research note on Monday, November 20th. ValuEngine raised shares of Avon Products from a sell rating to a hold rating in a research report on Friday, December 1st. Bank of America lowered shares of Avon Products from a neutral rating to an underperform rating and lowered their price target for the company from $3.00 to $2.50 in a research report on Thursday, January 4th. Finally, Stifel Nicolaus reissued a hold rating and issued a $3.00 price target on shares of Avon Products in a research report on Friday, November 3rd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Avon Products has a consensus rating of Hold and an average target price of $2.78.
Avon Products (NYSE:AVP) opened at $2.73 on Thursday. The company has a debt-to-equity ratio of -2.62, a current ratio of 1.43 and a quick ratio of 0.97. The firm has a market cap of $1,201.19, a PE ratio of -68.25, a price-to-earnings-growth ratio of 2.97 and a beta of 1.77. Avon Products has a 52 week low of $1.85 and a 52 week high of $4.89.
Avon Products (NYSE:AVP) last released its earnings results on Thursday, February 15th. The company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.05. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Avon Products had a net margin of 0.38% and a negative return on equity of 6.19%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company earned $0.01 earnings per share. equities research analysts anticipate that Avon Products will post 0.19 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of AVP. Investec Asset Management LTD raised its position in shares of Avon Products by 54.4% in the fourth quarter. Investec Asset Management LTD now owns 12,369,917 shares of the company’s stock valued at $26,595,000 after purchasing an additional 4,359,067 shares during the period. Renaissance Technologies LLC raised its position in shares of Avon Products by 47.6% in the fourth quarter. Renaissance Technologies LLC now owns 11,914,500 shares of the company’s stock valued at $25,616,000 after purchasing an additional 3,842,800 shares during the period. Gotham Asset Management LLC raised its position in shares of Avon Products by 171.2% in the fourth quarter. Gotham Asset Management LLC now owns 1,942,182 shares of the company’s stock valued at $4,176,000 after purchasing an additional 1,225,998 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in shares of Avon Products by 45.6% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 3,512,139 shares of the company’s stock valued at $7,551,000 after purchasing an additional 1,099,460 shares during the period. Finally, Shah Capital Management raised its position in shares of Avon Products by 15.1% in the fourth quarter. Shah Capital Management now owns 8,014,702 shares of the company’s stock valued at $17,231,000 after purchasing an additional 1,052,412 shares during the period. 83.21% of the stock is currently owned by institutional investors.
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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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