Avon Products, Inc. (AVP) Now Covered by Analysts at Jefferies Group LLC

Investment analysts at Jefferies Group LLC initiated coverage on shares of Avon Products, Inc. (NYSE:AVP) in a research note issued to investors on Wednesday. The brokerage set an “underperform” rating and a $2.20 price target on the stock. Jefferies Group LLC’s price objective points to a potential downside of 14.73% from the stock’s current price.

A number of other equities research analysts have also recently commented on AVP. Zacks Investment Research cut shares of Avon Products from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reissued a “hold” rating and issued a $4.00 price objective (down from $4.50) on shares of Avon Products in a research note on Wednesday, August 9th. UBS AG lowered their price objective on shares of Avon Products from $3.50 to $2.75 and set a “sell” rating on the stock in a research note on Friday, August 4th. Royal Bank Of Canada lowered 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. Finally, ValuEngine cut shares of Avon Products from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Four analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $3.71.

Shares of Avon Products (NYSE:AVP) opened at 2.58 on Wednesday. The firm’s market cap is $1.14 billion. The stock has a 50 day moving average of $2.89 and a 200 day moving average of $3.71. Avon Products has a 12 month low of $2.40 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 the Zacks’ 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 period last year, the company earned $0.07 earnings per share. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, equities research analysts expect that Avon Products will post $0.16 EPS for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the business. Ruffer LLP purchased a new position in Avon Products in the 1st quarter valued at about $218,000. Vanguard Group Inc. lifted its holdings in Avon Products by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 40,109,692 shares of the company’s stock valued at $176,482,000 after purchasing an additional 1,495,063 shares in the last quarter. Retirement Systems of Alabama lifted its holdings in Avon Products by 0.5% in the 2nd quarter. Retirement Systems of Alabama now owns 567,032 shares of the company’s stock valued at $2,155,000 after purchasing an additional 2,854 shares in the last quarter. Acrospire Investment Management LLC lifted its holdings in Avon Products by 33.7% in the 1st quarter. Acrospire Investment Management LLC now owns 24,036 shares of the company’s stock valued at $106,000 after purchasing an additional 6,058 shares in the last quarter. Finally, Dynamic Capital Management Ltd lifted its holdings in Avon Products by 565.6% in the 1st quarter. Dynamic Capital Management Ltd now owns 185,384 shares of the company’s stock valued at $816,000 after purchasing an additional 157,531 shares in the last quarter. Institutional investors own 84.24% of the company’s stock.

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).

Analyst Recommendations for Avon Products (NYSE:AVP)

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