Avon Products, Inc. (NYSE:AVP) Receives Average Recommendation of “Hold” from Analysts

Shares of Avon Products, Inc. (NYSE:AVP) have earned an average rating of “Hold” from the six research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $3.72.

A number of analysts recently weighed in on the stock. ValuEngine raised shares of Avon Products from a “strong sell” rating to a “sell” rating in a research report on Friday, November 8th. Barclays reaffirmed a “hold” rating and set a $4.00 target price on shares of Avon Products in a research report on Sunday, August 4th.

Avon Products stock opened at $4.45 on Monday. Avon Products has a 1-year low of $1.30 and a 1-year high of $4.88. The firm has a market capitalization of $1.96 billion, a P/E ratio of 148.33, a price-to-earnings-growth ratio of 3.41 and a beta of 1.76. The company’s 50-day moving average is $4.33 and its 200 day moving average is $4.01.

Avon Products (NYSE:AVP) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.09. Avon Products had a negative net margin of 0.47% and a negative return on equity of 16.56%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.26 billion. The firm’s revenue for the quarter was down 16.6% compared to the same quarter last year. On average, equities analysts predict that Avon Products will post 0.26 EPS for the current year.

In other news, VP Laura Barbrook sold 47,159 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $4.17, for a total transaction of $196,653.03. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.95% of the company’s stock.

Several large investors have recently modified their holdings of the company. Dynamo Internacional Gestao DE Recursos LTDA. acquired a new stake in Avon Products in the second quarter valued at approximately $139,892,000. Renaissance Technologies LLC raised its holdings in shares of Avon Products by 3.0% in the second quarter. Renaissance Technologies LLC now owns 24,733,778 shares of the company’s stock worth $95,967,000 after buying an additional 717,600 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Avon Products by 1.8% in the second quarter. Vanguard Group Inc. now owns 14,807,740 shares of the company’s stock worth $57,455,000 after buying an additional 265,737 shares during the last quarter. TIG Advisors LLC purchased a new position in shares of Avon Products in the second quarter worth $23,003,000. Finally, Alpine Associates Management Inc. purchased a new position in shares of Avon Products in the second quarter worth $18,590,000. 70.09% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading: Convertible Shares

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