News stories about Avon Products (NYSE:AVP) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Avon Products earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.2989362927029 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Consumer Goods Stocks’ Research Reports Released on Coty, Avon Products, Goodyear Tire, and Cooper Tire (prnewswire.com)
- Top 4 Cosmetics Stocks of 2018 (finance.yahoo.com)
- Avon Products, Inc. (AVP) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Analysts Anticipate Avon Products, Inc. (AVP) Will Post Quarterly Sales of $1.60 Billion (americanbankingnews.com)
AVP has been the subject of several analyst reports. Zacks Investment Research raised Avon Products from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Royal Bank of Canada reaffirmed a “hold” rating and set a $3.00 price objective on shares of Avon Products in a research note on Friday, October 13th. Jefferies Group reduced their price objective on Avon Products from $2.20 to $1.75 and set an “underperform” rating for the company in a research note on Friday, November 3rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $3.00 price objective on shares of Avon Products in a research note on Friday, November 3rd. Finally, DA Davidson reaffirmed a “hold” rating and set a $2.00 price objective on shares of Avon Products in a research note on Tuesday, November 7th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Avon Products has an average rating of “Hold” and an average price target of $2.86.
Avon Products (NYSE:AVP) last released its earnings results on Thursday, November 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.04). The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the firm earned $0.02 EPS. The company’s revenue for the quarter was up .7% compared to the same quarter last year. sell-side analysts forecast that Avon Products will post -0.03 earnings per share for the current fiscal year.
Avon Products Company Profile
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).
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