Avon Products, Inc. (NYSE:AVP) has been given a $8.00 target price by analysts at Jefferies Group in a research note issued on Wednesday. The brokerage currently has a “buy” rating on the stock. Jefferies Group’s price target indicates a potential upside of 50.38% from the company’s previous close.
A number of other research analysts have also weighed in on AVP. Zacks Investment Research raised Avon Products from a “hold” rating to a “buy” rating and set a $6.75 price objective on the stock in a report on Friday, October 14th. B. Riley reaffirmed a “neutral” rating and set a $7.00 price objective on shares of Avon Products in a report on Monday, November 7th. Finally, RBC Capital Markets set a $4.00 price objective on Avon Products and gave the stock a “hold” rating in a report on Tuesday, January 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Avon Products presently has an average rating of “Buy” and an average target price of $7.54.
Avon Products (NYSE:AVP) traded up 0.19% on Wednesday, hitting $5.33. The stock had a trading volume of 1,854,380 shares. Avon Products has a one year low of $2.21 and a one year high of $6.96. The stock’s market cap is $2.33 billion. The stock’s 50 day moving average is $5.39 and its 200 day moving average is $5.35.
Avon Products (NYSE:AVP) last announced its quarterly earnings data 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. Avon Products had a negative return on equity of 2.30% and a negative net margin of 7.59%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the company earned ($0.11) EPS. The company’s revenue was down 1.9% on a year-over-year basis. Analysts anticipate that Avon Products will post $0.13 earnings per share for the current year.
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In other news, insider Fernando Acosta sold 85,198 shares of the company’s stock in a transaction on Friday, December 30th. The stock was sold at an average price of $5.06, for a total value of $431,101.88. Following the sale, the insider now directly owns 263,650 shares in the company, valued at $1,334,069. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jose Armario acquired 18,215 shares of Avon Products stock in a transaction dated Monday, November 21st. The stock was bought at an average price of $5.50 per share, for a total transaction of $100,182.50. Following the completion of the transaction, the director now directly owns 18,215 shares of the company’s stock, valued at $100,182.50. The disclosure for this purchase can be found here. 0.80% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the stock. Tdam USA Inc. increased its position in Avon Products by 0.5% in the third quarter. Tdam USA Inc. now owns 21,015 shares of the company’s stock valued at $119,000 after buying an additional 103 shares during the period. Oakbrook Investments LLC increased its position in Avon Products by 0.8% in the third quarter. Oakbrook Investments LLC now owns 36,000 shares of the company’s stock valued at $204,000 after buying an additional 300 shares during the period. Advantus Capital Management Inc increased its position in Avon Products by 0.7% in the third quarter. Advantus Capital Management Inc now owns 53,190 shares of the company’s stock valued at $301,000 after buying an additional 366 shares during the period. US Bancorp DE increased its position in Avon Products by 0.4% in the second quarter. US Bancorp DE now owns 180,602 shares of the company’s stock valued at $683,000 after buying an additional 766 shares during the period. Finally, State Treasurer State of Michigan increased its position in Avon Products by 0.5% in the third quarter. State Treasurer State of Michigan now owns 175,855 shares of the company’s stock valued at $995,000 after buying an additional 800 shares during the period. Institutional investors and hedge funds own 87.90% of the company’s stock.
About Avon Products
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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