DA Davidson upgraded shares of Avon Products (NYSE:AVP) from a neutral rating to a buy rating in a report issued on Monday, MarketBeat Ratings reports. DA Davidson currently has $3.50 target price on the stock, up from their prior target price of $1.75. DA Davidson also issued estimates for Avon Products’ Q4 2018 earnings at $0.12 EPS, FY2018 earnings at $0.09 EPS, Q2 2019 earnings at ($0.01) EPS, Q3 2019 earnings at $0.01 EPS, Q4 2019 earnings at $0.12 EPS, FY2021 earnings at $0.33 EPS and FY2022 earnings at $0.61 EPS.
A number of other equities analysts have also issued reports on the company. Jefferies Financial Group raised Avon Products from an underperform rating to a hold rating and set a $1.75 price target for the company in a research note on Wednesday, July 18th. ValuEngine upgraded Avon Products from a hold rating to a buy rating in a research report on Friday, August 17th. Finally, Zacks Investment Research upgraded Avon Products from a sell rating to a hold rating in a research report on Wednesday, September 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Avon Products currently has an average rating of Hold and a consensus price target of $2.66.
Shares of NYSE AVP opened at $2.20 on Monday. The company has a debt-to-equity ratio of -1.79, a current ratio of 1.29 and a quick ratio of 0.81. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 36.67, a PEG ratio of 2.22 and a beta of 1.32. Avon Products has a 1 year low of $1.38 and a 1 year high of $2.99.
Avon Products (NYSE:AVP) last issued its quarterly earnings results on Thursday, August 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.39 billion. Avon Products had a net margin of 0.83% and a negative return on equity of 9.10%. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.03) earnings per share. equities research analysts forecast that Avon Products will post 0.08 earnings per share for the current year.
In related news, Director James A. Mitarotonda acquired 100,000 shares of the business’s stock in a transaction dated Monday, August 13th. The stock was bought at an average price of $1.69 per share, for a total transaction of $169,000.00. Following the transaction, the director now owns 8,333 shares of the company’s stock, valued at $14,082.77. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James A. Mitarotonda acquired 500,000 shares of the business’s stock in a transaction dated Thursday, August 9th. The shares were bought at an average price of $1.82 per share, with a total value of $910,000.00. Following the transaction, the director now directly owns 8,333 shares in the company, valued at approximately $15,166.06. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AVP. Rhumbline Advisers lifted its holdings in shares of Avon Products by 71.4% in the first quarter. Rhumbline Advisers now owns 623,982 shares of the company’s stock valued at $1,772,000 after purchasing an additional 259,989 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Avon Products by 7.4% in the first quarter. Prudential Financial Inc. now owns 2,403,981 shares of the company’s stock valued at $6,827,000 after purchasing an additional 166,290 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Avon Products by 6.6% in the first quarter. Swiss National Bank now owns 765,900 shares of the company’s stock valued at $2,175,000 after purchasing an additional 47,500 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Avon Products by 5.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 3,129,877 shares of the company’s stock valued at $8,889,000 after purchasing an additional 154,845 shares in the last quarter. Finally, Aperio Group LLC lifted its holdings in shares of Avon Products by 39.3% in the first quarter. Aperio Group LLC now owns 152,873 shares of the company’s stock valued at $434,000 after purchasing an additional 43,152 shares in the last quarter. Institutional investors own 77.16% of the company’s stock.
Avon Products Company Profile
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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