Avon Products, Inc. (AVP) Receives Consensus Recommendation of “Hold” from Analysts

Avon Products, Inc. (NYSE:AVP) has received a consensus recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $2.46.

AVP has been the topic of a number of recent research reports. ValuEngine lowered Avon Products from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Jefferies Financial Group raised Avon Products from an “underperform” rating to a “hold” rating and set a $1.75 price objective on the stock in a research report on Wednesday, July 18th.

Avon Products stock opened at $2.02 on Friday. Avon Products has a twelve month low of $1.38 and a twelve month high of $2.99. The company has a debt-to-equity ratio of -1.79, a quick ratio of 0.81 and a current ratio of 1.29. The firm has a market cap of $884.69 million, a PE ratio of 33.67, a P/E/G ratio of 1.78 and a beta of 1.32.

Avon Products (NYSE:AVP) last posted its quarterly earnings data on Thursday, August 2nd. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). Avon Products had a negative return on equity of 9.10% and a net margin of 0.83%. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the company posted ($0.03) EPS. The firm’s revenue was down 3.2% compared to the same quarter last year. analysts predict that Avon Products will post 0.09 EPS for the current year.

In other news, Director James A. Mitarotonda bought 500,000 shares of the stock in a transaction that occurred on Thursday, August 9th. The stock was purchased at an average price of $1.82 per share, for a total transaction of $910,000.00. Following the completion of the purchase, the director now owns 8,333 shares in the company, valued at approximately $15,166.06. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James A. Mitarotonda bought 100,000 shares of the stock in a transaction that occurred on Monday, August 13th. The shares were purchased at an average price of $1.69 per share, with a total value of $169,000.00. Following the purchase, the director now owns 8,333 shares of the company’s stock, valued at approximately $14,082.77. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the stock. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its stake in shares of Avon Products by 3.6% during the first quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 874,777 shares of the company’s stock worth $2,484,000 after purchasing an additional 30,400 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of Avon Products by 10.3% during the second quarter. Macquarie Group Ltd. now owns 365,900 shares of the company’s stock worth $593,000 after purchasing an additional 34,300 shares in the last quarter. CIBC World Markets Inc. acquired a new position in shares of Avon Products during the first quarter worth $111,000. Banque Pictet & Cie SA acquired a new position in shares of Avon Products during the first quarter worth $114,000. Finally, NJ State Employees Deferred Compensation Plan grew its stake in shares of Avon Products by 22.9% during the second quarter. NJ State Employees Deferred Compensation Plan now owns 215,000 shares of the company’s stock worth $348,000 after purchasing an additional 40,000 shares in the last quarter. Hedge funds and other institutional investors own 77.18% of the company’s stock.

About Avon Products

Avon Products, Inc manufactures and markets beauty and related products in Europe, the Middle East, Africa, south Latin America, north Latin America, and the Asia Pacific. The company offers beauty products, including skincare, fragrance, and color cosmetics; and fashion and home products, such as 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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Analyst Recommendations for Avon Products (NYSE:AVP)

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