Avon Products, Inc. (NYSE:AVP)‘s stock had its “hold” rating reissued by analysts at Royal Bank of Canada in a research report issued on Friday. They currently have a $4.00 target price on the stock. Royal Bank of Canada’s price objective would suggest a potential downside of 4.99% from the company’s current price.
A number of other analysts also recently commented on the company. Zacks Investment Research downgraded Avon Products from a “buy” rating to a “strong sell” rating in a research report on Wednesday, February 22nd. B. Riley reaffirmed a “neutral” rating and set a $5.25 price target on shares of Avon Products in a research report on Wednesday, February 22nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $8.00 price target on shares of Avon Products in a research report on Thursday, February 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $5.79.
Avon Products (NYSE:AVP) opened at 4.21 on Friday. The firm’s market capitalization is $1.84 billion. The firm has a 50-day moving average price of $4.70 and a 200 day moving average price of $5.45. Avon Products has a one year low of $3.52 and a one year high of $6.96.
Avon Products (NYSE:AVP) last issued its quarterly earnings results on Thursday, February 16th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.08. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Avon Products had a negative net margin of 7.59% and a negative return on equity of 2.30%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. Analysts anticipate that Avon Products will post $0.27 EPS for the current fiscal year.
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In other Avon Products news, insider Fernando Acosta sold 77,154 shares of the stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $4.32, for a total transaction of $333,305.28. Following the completion of the transaction, the insider now directly owns 197,579 shares of the company’s stock, valued at $853,541.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO James S. Scully acquired 150,000 shares of Avon Products stock in a transaction on Thursday, February 23rd. The shares were purchased at an average cost of $4.37 per share, with a total value of $655,500.00. Following the completion of the acquisition, the chief operating officer now owns 292,241 shares of the company’s stock, valued at approximately $1,277,093.17. The disclosure for this purchase can be found here. 0.80% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Kessler Investment Group LLC bought a new stake in Avon Products during the third quarter worth about $103,000. Credit Agricole S A bought a new stake in Avon Products during the fourth quarter worth about $104,000. Oppenheimer & Co. Inc. bought a new stake in Avon Products during the third quarter worth about $111,000. ARP Americas LLC bought a new stake in Avon Products during the fourth quarter worth about $111,000. Finally, A.R.T. Advisors LLC bought a new stake in Avon Products during the fourth quarter worth about $111,000. 89.26% of the stock is 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 product categories are Beauty, and Fashion and Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics). Fashion and Home consists of 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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