Revlon (NYSE:REV) Upgraded by ValuEngine to “Buy”

Revlon (NYSE:REV) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday, ValuEngine reports.

NYSE:REV traded down $3.63 during mid-day trading on Friday, reaching $20.76. The company’s stock had a trading volume of 143,731 shares, compared to its average volume of 129,543. Revlon has a 12-month low of $13.58 and a 12-month high of $29.62. The firm’s fifty day moving average price is $24.72 and its two-hundred day moving average price is $21.25. The stock has a market cap of $1.28 billion, a P/E ratio of -5.63 and a beta of 0.32.

Revlon (NYSE:REV) last issued its earnings results on Friday, November 8th. The company reported ($0.71) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.83) by $0.12. The business had revenue of $596.80 million during the quarter, compared to analysts’ expectations of $641.90 million. During the same period last year, the firm posted $0.14 EPS. Revlon’s quarterly revenue was down 8.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Revlon will post -3.02 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in REV. Aperio Group LLC purchased a new stake in shares of Revlon during the 2nd quarter valued at about $86,000. GSA Capital Partners LLP increased its position in shares of Revlon by 49.5% during the 2nd quarter. GSA Capital Partners LLP now owns 27,610 shares of the company’s stock valued at $534,000 after purchasing an additional 9,147 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Revlon by 7.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 20,643 shares of the company’s stock valued at $399,000 after purchasing an additional 1,393 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Revlon by 120.7% during the 2nd quarter. Captrust Financial Advisors now owns 7,770 shares of the company’s stock valued at $150,000 after purchasing an additional 4,250 shares during the last quarter. Finally, A.R.T. Advisors LLC increased its position in shares of Revlon by 35.2% during the 2nd quarter. A.R.T. Advisors LLC now owns 21,125 shares of the company’s stock valued at $408,000 after purchasing an additional 5,500 shares during the last quarter. 13.06% of the stock is owned by hedge funds and other institutional investors.

Revlon Company Profile

Revlon, Inc, through its subsidiaries, develops, manufactures, markets, distributes, and sells beauty and personal care products worldwide. The company's Relvon segment offers color cosmetics and beauty tools under the Revlon brand; and hair color under the Revlon ColorSilk and Revlon Professional brands.

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