Avon Products, Inc. (NYSE:AVP)‘s stock had its “hold” rating reiterated by stock analysts at DA Davidson in a report issued on Tuesday, November 7th. They currently have a $2.00 price target on the stock. DA Davidson’s target price would indicate a potential upside of 3.09% from the company’s current price. DA Davidson also issued estimates for Avon Products’ Q4 2017 earnings at $0.06 EPS, FY2017 earnings at ($0.01) EPS, Q1 2018 earnings at ($0.05) EPS, Q2 2018 earnings at $0.01 EPS, Q3 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.11 EPS, FY2018 earnings at $0.13 EPS and FY2019 earnings at $0.27 EPS.
Several other equities analysts also recently weighed in on AVP. Zacks Investment Research downgraded Avon Products from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reiterated a “hold” rating and set a $4.00 target price (down from $4.50) on shares of Avon Products in a research report on Wednesday, August 9th. UBS AG decreased their price target on Avon Products from $3.50 to $2.75 and set a “sell” rating on the stock in a report on Friday, August 4th. Royal Bank Of Canada decreased their price target on Avon Products from $4.00 to $3.00 and set a “sector perform” rating on the stock in a report on Friday, August 4th. Finally, ValuEngine cut Avon Products from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $2.91.
Avon Products (NYSE AVP) opened at $1.94 on Tuesday. Avon Products has a 52-week low of $1.85 and a 52-week high of $6.03. The company has a debt-to-equity ratio of -2.31, a current ratio of 1.42 and a quick ratio of 0.97.
Avon Products (NYSE:AVP) last posted its earnings results on Thursday, November 2nd. The company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.04). The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. Avon Products had a negative return on equity of 3.68% and a negative net margin of 1.40%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $0.02 EPS. equities analysts anticipate that Avon Products will post -0.03 earnings per share for the current fiscal year.
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Hedge funds have recently bought and sold shares of the company. Alpine Global Management LLC purchased a new stake in shares of Avon Products during the 2nd quarter worth about $100,000. Shelton Capital Management purchased a new stake in shares of Avon Products during the 2nd quarter worth about $122,000. Oakbrook Investments LLC lifted its stake in Avon Products by 2.5% in the 2nd quarter. Oakbrook Investments LLC now owns 32,500 shares of the company’s stock valued at $124,000 after buying an additional 800 shares in the last quarter. LS Investment Advisors LLC lifted its stake in Avon Products by 17.5% in the 2nd quarter. LS Investment Advisors LLC now owns 35,108 shares of the company’s stock valued at $133,000 after buying an additional 5,217 shares in the last quarter. Finally, PEAK6 Investments L.P. purchased a new position in Avon Products in the 3rd quarter valued at about $139,000. 81.58% of the stock is currently owned by institutional investors and hedge funds.
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).
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