Avon Products Inc. (NYSE:AVP)‘s stock had its “neutral” rating reiterated by equities research analysts at B. Riley in a research report issued on Monday. They presently have a $7.00 target price on the stock. B. Riley’s target price points to a potential upside of 23.24% from the company’s previous close.
AVP has been the topic of several other research reports. Zacks Investment Research raised shares of Avon Products from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a report on Friday, October 14th. Piper Jaffray Cos. reissued a “neutral” rating and issued a $4.00 target price on shares of Avon Products in a report on Thursday, July 14th. Finally, Deutsche Bank AG boosted their target price on shares of Avon Products from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $7.94.
Avon Products (NYSE:AVP) traded up 0.71% during mid-day trading on Monday, reaching $5.68. 3,652,372 shares of the company’s stock traded hands. The company’s market cap is $2.49 billion. The stock has a 50 day moving average of $6.12 and a 200 day moving average of $5.03. Avon Products has a 12-month low of $2.21 and a 12-month high of $6.96.
Avon Products (NYSE:AVP) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.01. The firm earned $1.41 billion during the quarter, compared to the consensus estimate of $1.42 billion. Avon Products had a negative return on equity of 2.30% and a negative net margin of 7.59%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.11) earnings per share. On average, equities research analysts predict that Avon Products will post $0.13 earnings per share for the current fiscal year.
In related news, Director Jose Armario acquired 18,215 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was purchased at an average cost of $5.50 per share, with a total value of $100,182.50. Following the transaction, the director now directly owns 18,215 shares of the company’s stock, valued at approximately $100,182.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.80% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the company. Shah Capital Management boosted its stake in shares of Avon Products by 4.2% in the fourth quarter. Shah Capital Management now owns 2,928,549 shares of the company’s stock worth $11,860,000 after buying an additional 116,745 shares during the last quarter. Jensen Investment Management Inc. boosted its stake in shares of Avon Products by 61.7% in the fourth quarter. Jensen Investment Management Inc. now owns 153,810 shares of the company’s stock worth $623,000 after buying an additional 58,670 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Avon Products by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 1,384,373 shares of the company’s stock worth $5,606,000 after buying an additional 45,708 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of Avon Products by 5.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 306,053 shares of the company’s stock worth $1,240,000 after buying an additional 16,344 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of Avon Products by 2.9% in the fourth quarter. GSA Capital Partners LLP now owns 817,304 shares of the company’s stock worth $3,310,000 after buying an additional 22,850 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.
Avon Products Company Profile