Avon Products Inc. (AVP) Trading Up 4.9%
Avon Products Inc. (NYSE:AVP) rose 4.9% on Monday . The stock traded as high as $5.85 and last traded at $5.83, with a volume of 7,205,900 shares. The stock had previously closed at $5.56.
AVP has been the topic of several recent research reports. Piper Jaffray Cos. restated a “neutral” rating and set a $4.00 price target on shares of Avon Products in a report on Thursday, July 14th. Jefferies Group initiated coverage on Avon Products in a report on Friday, June 3rd. They set a “buy” rating and a $7.00 price target on the stock. Zacks Investment Research upgraded Avon Products from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Deutsche Bank AG upped their price target on Avon Products from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Finally, Citigroup Inc. upped their price target on Avon Products from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, May 12th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $7.54.
The stock’s 50 day moving average price is $4.94 and its 200 day moving average price is $4.40. The stock’s market capitalization is $2.55 billion.
Avon Products (NYSE:AVP) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.03 by $0.04. During the same period last year, the business earned $0.11 earnings per share. The company earned $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. Equities analysts anticipate that Avon Products Inc. will post $0.14 earnings per share for the current year.
In related news, insider John Higson acquired 10,000 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were bought at an average cost of $5.20 per share, with a total value of $52,000.00. Following the completion of the transaction, the insider now directly owns 64,341 shares of the company’s stock, valued at approximately $334,573.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Avon Products, Inc is a manufacturer and marketer of beauty and related products. The Company’s product categories are Beauty, and Fashion and Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics). Fashion and Home consists of 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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