A number of firms have modified their ratings and price targets on shares of Avon Products (NYSE: AVP) recently:

  • 8/9/2017 – Avon Products had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $4.00 price target on the stock, down previously from $4.50.
  • 8/4/2017 – Avon Products had its price target lowered by analysts at Royal Bank Of Canada from $4.00 to $3.00. They now have a “sector perform” rating on the stock.
  • 8/4/2017 – Avon Products had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $3.00 price target on the stock, down previously from $5.00.
  • 8/4/2017 – Avon Products had its price target lowered by analysts at UBS AG from $3.50 to $2.75. They now have a “sell” rating on the stock.
  • 8/4/2017 – Avon Products was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 8/3/2017 – Avon Products had its “hold” rating reaffirmed by analysts at Stifel Nicolaus.
  • 7/11/2017 – Avon Products was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Avon has lagged the broader industry in the last six months, largely due to its dismal surprise history. The company has posted lower-than-expected bottom-line results for three straight quarters now, with a loss in the last quarter. Avon continues to face lower Active Representatives, though it is on track to improve the same. Estimates have been going down ahead of the second quarter release. The company remains prone to stiff competition, and other macroeconomic hurdles. Further, management expects the second quarter to remain troubled. However, we remain impressed with Avon’s progress with its Transformation Plan, which started its second year, this quarter. The company is on track to generate targeted savings of $230 million in 2017. Also, it is confident of achieving its long-term goals of low-double digit operating margin growth, Active Representatives growth of 1–2% and constant-dollar revenue growth in the mid-single digits.”
  • 7/6/2017 – Avon Products is now covered by analysts at DA Davidson. They set a “neutral” rating and a $4.25 price target on the stock.
  • 7/5/2017 – Avon Products was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “We remain impressed with Avon’s progress with its Transformation Plan, which started its second year, this quarter. The company is on track to generate targeted savings of $230 million in 2017. Also, it is confident of achieving its long-term goals of low-double digit operating margin growth, Active Representatives growth of 1–2% and constant-dollar revenue growth in the mid-single digits. However, Avon has lagged the broader industry in the last six months, largely due to its dismal surprise history. The company has posted lower-than-expected bottom-line results for three straight quarters now, with a loss in the last quarter. Avon continues to face lower Active Representatives, though it is on track to improve the same. The company remains prone to stiff competition, and other macroeconomic hurdles. Further, management expects the second quarter to remain troubled. Estimates have been stable ahead of the second quarter release.”

Shares of Avon Products, Inc. (NYSE AVP) opened at 2.94 on Wednesday. The stock’s 50 day moving average is $3.61 and its 200 day moving average is $4.24. Avon Products, Inc. has a 52 week low of $2.84 and a 52 week high of $6.96. The stock’s market capitalization is $1.29 billion.

Avon Products (NYSE:AVP) last released its earnings results on Thursday, August 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the company earned $0.07 EPS. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. Analysts anticipate that Avon Products, Inc. will post $0.17 EPS for the current fiscal year.

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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