Brokerages Set Avon Products Inc. (NYSE:AVP) Price Target at $7.87
Shares of Avon Products Inc. (NYSE:AVP) have been assigned a consensus recommendation of “Buy” from the ten analysts that are presently covering the company. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $7.87.
A number of equities research analysts have issued reports on AVP shares. Piper Jaffray Cos. reiterated a “neutral” rating and set a $4.00 price objective on shares of Avon Products in a research note on Thursday, July 14th. Jefferies Group started coverage on shares of Avon Products in a research note on Friday, June 3rd. They set a “buy” rating and a $7.00 price objective on the stock. Zacks Investment Research upgraded shares of Avon Products from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Deutsche Bank AG increased their price objective on shares of Avon Products from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Finally, B. Riley increased their price objective on shares of Avon Products from $4.50 to $5.25 and gave the stock a “neutral” rating in a research note on Wednesday, August 3rd.
Avon Products (NYSE:AVP) opened at 5.64 on Monday. Avon Products has a one year low of $2.21 and a one year high of $5.97. The company’s 50-day moving average is $5.58 and its 200-day moving average is $4.62. The firm’s market cap is $2.46 billion.
Avon Products (NYSE:AVP) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Avon Products had a negative net margin of 19.45% and a negative return on equity of 3.13%. The business’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. On average, analysts forecast that Avon Products will post $0.14 earnings per share for the current fiscal year.
In other Avon Products news, insider John Higson acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The stock was acquired at an average price of $5.20 per share, for a total transaction of $52,000.00. Following the acquisition, the insider now directly owns 64,341 shares in the company, valued at $334,573.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.80% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Asset Management Americas Inc. increased its stake in Avon Products by 72.0% in the first quarter. UBS Asset Management Americas Inc. now owns 2,378,483 shares of the company’s stock worth $11,440,000 after buying an additional 995,651 shares in the last quarter. Lazard Asset Management LLC increased its stake in Avon Products by 16,040.1% in the first quarter. Lazard Asset Management LLC now owns 564,904 shares of the company’s stock worth $2,717,000 after buying an additional 561,404 shares in the last quarter. State Street Corp increased its stake in Avon Products by 1.4% in the first quarter. State Street Corp now owns 11,785,754 shares of the company’s stock worth $56,692,000 after buying an additional 161,159 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Avon Products by 102.4% in the first quarter. Canada Pension Plan Investment Board now owns 283,110 shares of the company’s stock worth $1,362,000 after buying an additional 143,200 shares in the last quarter. Finally, Spark Investment Management LLC increased its stake in Avon Products by 498.3% in the first quarter. Spark Investment Management LLC now owns 1,678,100 shares of the company’s stock worth $8,071,000 after buying an additional 1,397,600 shares in the last quarter. Institutional investors and hedge funds own 88.27% of the company’s stock.
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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