Avon Products’ (AVP) “Hold” Rating Reaffirmed at DA Davidson

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.

Avon Products (NYSE:AVP) last issued 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). Avon Products had a negative net margin of 1.40% and a negative return on equity of 3.68%. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the prior year, the company earned $0.02 EPS. Avon Products’s quarterly revenue was up .7% on a year-over-year basis. sell-side analysts anticipate that Avon Products will post -0.03 EPS for the current fiscal year.

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).

Analyst Recommendations for Avon Products (NYSE:AVP)

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