Avon Products (NYSE:AVP) Upgraded by ValuEngine to Buy

ValuEngine upgraded shares of Avon Products (NYSE:AVP) from a hold rating to a buy rating in a research note published on Thursday, ValuEngine reports.

AVP has been the subject of several other reports. Barclays restated a hold rating and issued a $4.00 price target on shares of Avon Products in a report on Sunday, August 4th. Citigroup downgraded Avon Products from a buy rating to a neutral rating and set a $4.01 price target for the company. in a report on Friday, June 21st. Finally, DA Davidson downgraded Avon Products from a buy rating to a neutral rating and lowered their price target for the stock from $4.75 to $3.60 in a report on Thursday, May 23rd. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Avon Products currently has a consensus rating of Buy and an average price target of $3.72.

NYSE AVP traded down $0.05 on Thursday, reaching $4.54. The company had a trading volume of 5,770,793 shares, compared to its average volume of 6,459,119. The stock’s 50 day moving average is $4.19 and its 200-day moving average is $3.55. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 151.17, a PEG ratio of 2.82 and a beta of 1.74. Avon Products has a 52 week low of $1.30 and a 52 week high of $4.62.

Avon Products (NYSE:AVP) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.24 billion. Avon Products had a negative return on equity of 10.92% and a negative net margin of 0.30%. The firm’s revenue was down 13.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.03) earnings per share. As a group, equities research analysts predict that Avon Products will post 0.2 earnings per share for the current fiscal year.

In other Avon Products news, VP Laura Barbrook sold 15,261 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $4.21, for a total value of $64,248.81. Following the completion of the sale, the vice president now directly owns 15,261 shares in the company, valued at $64,248.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.95% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in AVP. Dimensional Fund Advisors LP boosted its position in shares of Avon Products by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,012,989 shares of the company’s stock worth $16,739,000 after buying an additional 77,342 shares during the period. Bank of Montreal Can boosted its position in shares of Avon Products by 45.2% during the first quarter. Bank of Montreal Can now owns 44,143 shares of the company’s stock worth $130,000 after buying an additional 13,749 shares during the period. First Republic Investment Management Inc. boosted its position in shares of Avon Products by 729.8% during the first quarter. First Republic Investment Management Inc. now owns 86,118 shares of the company’s stock worth $253,000 after buying an additional 75,740 shares during the period. Moors & Cabot Inc. acquired a new position in shares of Avon Products during the first quarter worth about $32,000. Finally, Rhumbline Advisers boosted its position in shares of Avon Products by 2.6% during the first quarter. Rhumbline Advisers now owns 694,092 shares of the company’s stock worth $2,041,000 after buying an additional 17,881 shares during the period. Institutional investors own 70.99% 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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