Shares of Avon Products Inc (NYSE:AVP) have received an average rating of “Hold” from the nine brokerages that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $2.46.
Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Avon Products from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th. Jefferies Group set a $2.00 target price on shares of Avon Products and gave the company a “sell” rating in a report on Thursday, February 15th. ValuEngine upgraded shares of Avon Products from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Royal Bank of Canada restated a “sector perform” rating and set a $2.00 target price on shares of Avon Products in a report on Friday, February 16th. Finally, Deutsche Bank raised their target price on shares of Avon Products from $2.00 to $3.00 and gave the company a “hold” rating in a report on Friday, February 16th.
NYSE:AVP traded down $0.06 during mid-day trading on Thursday, hitting $2.76. 1,982,263 shares of the company’s stock traded hands, compared to its average volume of 2,935,635. The company has a current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of -2.62. Avon Products has a 1 year low of $1.85 and a 1 year high of $4.89. The company has a market capitalization of $1,215.43, a P/E ratio of 46.00, a price-to-earnings-growth ratio of 1.21 and a beta of 1.43.
Avon Products (NYSE:AVP) last posted its earnings results on Thursday, February 15th. The company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.05. Avon Products had a net margin of 0.38% and a negative return on equity of 6.19%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same period last year, the firm posted $0.01 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. equities research analysts predict that Avon Products will post 0.18 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of AVP. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Avon Products by 169.0% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 51,362 shares of the company’s stock worth $114,000 after buying an additional 32,268 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new stake in shares of Avon Products during the fourth quarter worth about $136,000. Schroder Investment Management Group purchased a new stake in shares of Avon Products during the third quarter worth about $156,000. Caption Management LLC purchased a new stake in shares of Avon Products during the fourth quarter worth about $161,000. Finally, Stone Ridge Asset Management LLC purchased a new stake in shares of Avon Products during the fourth quarter worth about $172,000. Institutional investors and hedge funds own 83.61% of the company’s stock.
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Avon Products Company Profile
Avon Products, Inc manufactures and markets beauty and related products in Europe, the Middle East, Africa, south Latin America, north Latin America, and the Asia Pacific. The company offers beauty products, including skincare, fragrance, and color cosmetics; and fashion and home products, such as fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children's products, and nutritional products.
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