Avon Products, Inc. (NYSE:AVP)‘s stock had its “hold” rating restated by equities research analysts at DA Davidson in a research report issued on Tuesday, November 7th. They presently have a $2.00 target price on the stock. DA Davidson’s price target would indicate a potential downside of 2.91% 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.
Other research analysts also recently issued reports about the company. Zacks Investment Research downgraded Avon Products from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 9th. UBS AG dropped their target price on Avon Products from $3.50 to $2.75 and set a “sell” rating for the company in a report on Friday, August 4th. Royal Bank Of Canada lowered their price target on Avon Products from $4.00 to $3.00 and set a “sector perform” rating for the company in a report on Friday, August 4th. Deutsche Bank AG reiterated a “hold” rating and set a $3.00 price target (down from $5.00) on shares of Avon Products in a report on Friday, August 4th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $4.00 target price (down previously from $4.50) on shares of Avon Products in a research note on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Avon Products currently has an average rating of “Hold” and an average price target of $2.91.
Avon Products (AVP) traded down $0.04 during mid-day trading on Tuesday, hitting $2.06. The company had a trading volume of 2,110,000 shares, compared to its average volume of 4,495,819. Avon Products has a 12-month low of $1.85 and a 12-month high of $6.03. The company has a quick ratio of 0.97, a current ratio of 1.42 and a debt-to-equity ratio of -2.31.
Several large investors have recently made changes to their positions in AVP. Alpine Global Management LLC purchased a new stake in shares of Avon Products in the second quarter worth about $100,000. Shelton Capital Management acquired a new position in shares of Avon Products in the second quarter worth about $122,000. Oakbrook Investments LLC lifted its stake in shares of Avon Products by 2.5% in the second quarter. Oakbrook Investments LLC now owns 32,500 shares of the company’s stock worth $124,000 after acquiring an additional 800 shares in the last quarter. LS Investment Advisors LLC lifted its stake in shares of Avon Products by 17.5% in the second quarter. LS Investment Advisors LLC now owns 35,108 shares of the company’s stock worth $133,000 after acquiring an additional 5,217 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in shares of Avon Products by 5.7% in the second quarter. Bank of Montreal Can now owns 40,376 shares of the company’s stock worth $153,000 after acquiring an additional 2,165 shares in the last quarter. 83.89% of the stock is owned by institutional investors and hedge funds.
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About Avon Products
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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