Avon Products (AVP) Earning Somewhat Positive News Coverage, Study Finds
Press coverage about Avon Products (NYSE:AVP) has trended somewhat positive on Sunday, according to Accern. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Avon Products earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.303382290357 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Avon Products, Inc. (NYSE:AVP): Shares Spotted Near the 52-Week Low – Sparta Review (spartareview.com)
- Avon Products, Inc. (NYSE:AVP) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Avon Products, Inc. (NYSE:AVP) Stock Rating Reaffirmed by Stifel Nicolaus (iphonefresh.com)
- Analyzing Nautilus Group, Inc. (The) (NLS) & Avon Products (NYSE:AVP) (americanbankingnews.com)
- Avon Products, Inc. (AVP) Rating Reiterated by Stifel Nicolaus (famososartistas.com)
A number of analysts have recently issued reports on AVP shares. Zacks Investment Research upgraded 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 note 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 set a $3.00 price objective (down previously from $5.00) on shares of Avon Products in a research note on Friday, August 4th. DA Davidson started coverage on shares of Avon Products in a research note on Thursday, July 6th. They set a “neutral” rating and a $4.25 price objective on the stock. Finally, Royal Bank Of Canada dropped their price objective on shares of Avon Products from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research note on Friday, August 4th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Avon Products currently has a consensus rating of “Hold” and a consensus price target of $4.44.
Shares of Avon Products (NYSE:AVP) opened at 2.77 on Friday. The company has a 50 day moving average of $3.51 and a 200-day moving average of $4.14. Avon Products has a 52 week low of $2.70 and a 52 week high of $6.96. The company’s market cap is $1.22 billion.
Avon Products (NYSE:AVP) last released its quarterly earnings data on Thursday, August 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the 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 company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the company earned $0.07 earnings per share. The business’s revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts expect that Avon Products will post $0.16 earnings per share for the current fiscal year.
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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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