Avon Products (AVP) Raised to “Buy” at ValuEngine

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ValuEngine upgraded shares of Avon Products (NYSE:AVP) from a hold rating to a buy rating in a research report released on Friday morning.

A number of other equities research analysts also recently weighed in on the company. DA Davidson raised Avon Products from a neutral rating to a buy rating and raised their price target for the stock from $1.75 to $3.50 in a research note on Monday, September 24th. Zacks Investment Research raised Avon Products from a sell rating to a hold rating in a research note on Wednesday, September 19th. Finally, TheStreet raised Avon Products from a d rating to a c- rating in a research note on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $2.63.

AVP opened at $2.08 on Friday. Avon Products has a fifty-two week low of $1.38 and a fifty-two week high of $2.99. The stock has a market cap of $942.23 million, a PE ratio of 34.67, a PEG ratio of 2.70 and a beta of 1.38.

Avon Products (NYSE:AVP) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.01. Avon Products had a negative return on equity of 7.67% and a net margin of 2.61%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the business earned $0.03 EPS. The business’s quarterly revenue was up .5% on a year-over-year basis. As a group, equities research analysts anticipate that Avon Products will post 0.05 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Kentucky Retirement Systems purchased a new stake in shares of Avon Products during the 3rd quarter worth about $617,000. Dorsey & Whitney Trust CO LLC acquired a new position in shares of Avon Products during the 3rd quarter valued at about $166,000. Laurion Capital Management LP acquired a new position in shares of Avon Products during the 2nd quarter valued at about $147,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Avon Products during the 2nd quarter valued at about $151,000. Finally, New Jersey Better Educational Savings Trust increased its holdings in shares of Avon Products by 175.0% during the 2nd quarter. New Jersey Better Educational Savings Trust now owns 110,000 shares of the company’s stock valued at $178,000 after acquiring an additional 70,000 shares during the last quarter. 78.08% of the stock is owned by institutional investors.

About Avon Products

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Avon Products (NYSE:AVP)

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