DA Davidson Reiterates “Hold” Rating for Avon Products, Inc. (NYSE:AVP)

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).

Analyst Recommendations for Avon Products (NYSE:AVP)

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