Shares of Avon Products, Inc. (NYSE:AVP) hit a new 52-week low during trading on Thursday . The stock traded as low as $2.69 and last traded at $2.68, with a volume of 2,362,155 shares traded. The stock had previously closed at $2.75.
AVP has been the topic of several research reports. Zacks Investment Research raised shares of Avon Products from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a research report on Tuesday, May 2nd. Stifel Nicolaus reiterated a “hold” rating on shares of Avon Products in a research note on Thursday, August 3rd. Deutsche Bank AG reiterated a “hold” rating and issued a $3.00 target price (down previously from $5.00) on shares of Avon Products in a research note on Friday, August 4th. DA Davidson initiated coverage on shares of Avon Products in a research note on Thursday, July 6th. They issued a “neutral” rating and a $4.25 target price for the company. Finally, Royal Bank Of Canada reduced their target price on shares of Avon Products from $4.00 to $3.00 and set a “sector perform” rating for the company in a research note on Friday, August 4th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $4.44.
The firm has a 50-day moving average of $3.37 and a 200-day moving average of $4.04. The firm’s market capitalization is $1.15 billion.
Avon Products (NYSE:AVP) last issued its quarterly earnings data on Thursday, August 3rd. The company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.10. Avon Products had a negative return on equity of 3.68% and a negative net margin of 0.99%. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the company earned $0.07 EPS. Avon Products’s revenue for the quarter was down 2.7% on a year-over-year basis. Analysts expect that Avon Products, Inc. will post $0.16 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of AVP. Bank of New York Mellon Corp boosted its stake in Avon Products by 44.7% in the first quarter. Bank of New York Mellon Corp now owns 18,164,379 shares of the company’s stock worth $79,923,000 after buying an additional 5,611,575 shares during the last quarter. Point View Wealth Management Inc. boosted its stake in Avon Products by 4.0% in the first quarter. Point View Wealth Management Inc. now owns 25,485 shares of the company’s stock worth $112,000 after buying an additional 981 shares during the last quarter. American Century Companies Inc. purchased a new stake in Avon Products during the first quarter worth approximately $2,166,000. State Treasurer State of Michigan boosted its stake in Avon Products by 1.2% in the first quarter. State Treasurer State of Michigan now owns 177,955 shares of the company’s stock worth $783,000 after buying an additional 2,100 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in Avon Products by 26.4% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 1,465,253 shares of the company’s stock worth $6,447,000 after buying an additional 305,597 shares during the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.
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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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