Avon Products, Inc. (NYSE:AVP) Receives Average Recommendation of “Hold” from Brokerages

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Avon Products, Inc. (NYSE:AVP) has received a consensus recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $3.72.

Several equities research analysts recently weighed in on the stock. TheStreet raised shares of Avon Products from a “d+” rating to a “c-” rating in a research report on Tuesday, December 17th. ValuEngine downgraded shares of Avon Products from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd.

In related news, VP Laura Barbrook sold 47,159 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $4.17, for a total transaction of $196,653.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.95% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of AVP. Cerebellum GP LLC purchased a new position in shares of Avon Products during the 3rd quarter worth $49,000. Cetera Advisor Networks LLC purchased a new position in shares of Avon Products during the 2nd quarter worth $48,000. Weiss Asset Management LP purchased a new position in shares of Avon Products during the 2nd quarter worth $72,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of Avon Products by 29.9% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 20,000 shares of the company’s stock worth $78,000 after acquiring an additional 4,600 shares during the last quarter. Finally, Stifel Financial Corp purchased a new position in shares of Avon Products during the 3rd quarter worth $100,000. 67.96% of the stock is owned by institutional investors and hedge funds.

Shares of AVP stock remained flat at $$5.60 during trading hours on Tuesday. 165,158,531 shares of the stock traded hands, compared to its average volume of 15,523,091. The stock has a 50-day moving average price of $5.31 and a two-hundred day moving average price of $4.51. Avon Products has a 1 year low of $1.59 and a 1 year high of $5.92. The firm has a market cap of $2.48 billion, a PE ratio of 186.67, a price-to-earnings-growth ratio of 4.98 and a beta of 1.84.

Avon Products (NYSE:AVP) last released its earnings results on Thursday, October 31st. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.09. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.26 billion. Avon Products had a negative net margin of 0.47% and a negative return on equity of 16.56%. The firm’s revenue was down 16.6% compared to the same quarter last year. Equities analysts predict that Avon Products will post 0.26 earnings per share for the current year.

The company also recently declared a special dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 30th were given a dividend of $0.016 per share. The ex-dividend date of this dividend was Friday, December 27th.

Avon Products Company Profile

Avon Products, Inc manufactures and markets beauty and related products in Europe, the Middle East, Africa, south Latin America, north Latin America, and the Asia Pacific. The company offers beauty products, including skincare, fragrance, and color cosmetics; and fashion and home products, such as 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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