Avon Products, Inc. (AVP) PT Lowered to $2.75 at UBS AG
Avon Products, Inc. (NYSE:AVP) had its target price trimmed by UBS AG from $3.50 to $2.75 in a research note issued to investors on Friday morning, 99wallstreet.com reports. The firm currently has a sell rating on the stock.
AVP has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Avon Products from a sell rating to a hold rating and set a $5.00 price target on the stock in a research report on Tuesday, April 18th. DA Davidson began coverage on shares of Avon Products in a research report on Thursday, July 6th. They set a neutral rating and a $4.25 price target on the stock. ValuEngine lowered shares of Avon Products from a hold rating to a sell rating in a research report on Friday, June 2nd. Deutsche Bank AG restated a hold rating and set a $3.00 price target (down from $5.00) on shares of Avon Products in a research report on Friday. Finally, Royal Bank Of Canada lowered their price target on shares of Avon Products from $4.00 to $3.00 and set a sector perform rating on the stock in a research report on Friday. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $4.50.
Shares of Avon Products (NYSE AVP) traded up 1.220% during mid-day trading on Friday, hitting $2.905. 2,779,283 shares of the stock traded hands. The firm has a 50 day moving average of $3.65 and a 200 day moving average of $4.26. The company’s market cap is $1.28 billion. Avon Products has a 12 month low of $2.77 and a 12 month high of $6.96.
Avon Products (NYSE:AVP) last posted its quarterly earnings results on Thursday, August 3rd. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by $0.10. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.44 billion. Avon Products had a negative return on equity of 3.68% and a negative net margin of 0.99%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 earnings per share. Equities analysts anticipate that Avon Products will post $0.18 EPS for the current fiscal year.
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Institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Avon Products by 14,920.7% in the first quarter. BlackRock Inc. now owns 46,294,214 shares of the company’s stock worth $203,696,000 after buying an additional 45,986,012 shares during the period. FMR LLC increased its position in shares of Avon Products by 881.2% in the first quarter. FMR LLC now owns 9,318,749 shares of the company’s stock worth $41,003,000 after buying an additional 8,369,024 shares during the period. Bank of New York Mellon Corp increased its position in shares of 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 period. Norges Bank purchased a new position in shares of Avon Products during the fourth quarter worth approximately $12,897,000. Finally, Teachers Advisors LLC increased its position in shares of Avon Products by 223.7% in the fourth quarter. Teachers Advisors LLC now owns 2,273,528 shares of the company’s stock worth $11,459,000 after buying an additional 1,571,089 shares during the period. 87.24% of the stock is currently owned by institutional investors.
About Avon Products
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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