The stock of Avon Products, Inc. (NYSE:AVP) is a huge mover today! About 2.41 million shares traded hands. Avon Products, Inc. (NYSE:AVP) has risen 48.27% since March 2, 2016 and is uptrending. It has outperformed by 40.01% the S&P500.
The move comes after 7 months positive chart setup for the $2.49B company. It was reported on Oct, 5 by Barchart.com. We have $8.14 PT which if reached, will make NYSE:AVP worth $1.02 billion more.
Analysts await Avon Products, Inc. (NYSE:AVP) to report earnings on November, 2. They expect $0.03 EPS, up 127.27% or $0.14 from last year’s $-0.11 per share. AVP’s profit will be $12.95 million for 48.08 P/E if the $0.03 EPS becomes a reality. After $0.07 actual EPS reported by Avon Products, Inc. for the previous quarter, Wall Street now forecasts -57.14% negative EPS growth.
Avon Products, Inc. (NYSE:AVP) Ratings Coverage
Out of 7 analysts covering Avon Products Inc. (NYSE:AVP), 4 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 57% are positive. Avon Products Inc. has been the topic of 16 analyst reports since August 3, 2015 according to StockzIntelligence Inc. B. Riley & Co maintained the shares of AVP in a report on Thursday, November 5 with “Neutral” rating. The firm earned “Neutral” rating on Tuesday, July 21 by Sterne Agee CRT. Piper Jaffray downgraded the stock to “Neutral” rating in Tuesday, April 12 report. Piper Jaffray upgraded Avon Products, Inc. (NYSE:AVP) on Friday, January 22 to “Overweight” rating. Sterne Agee CRT upgraded Avon Products, Inc. (NYSE:AVP) on Friday, December 18 to “Buy” rating. The stock of Avon Products, Inc. (NYSE:AVP) earned “Buy” rating by Citigroup on Tuesday, November 24. The rating was initiated by Jefferies with “Buy” on Friday, June 3. The stock of Avon Products, Inc. (NYSE:AVP) earned “Neutral” rating by UBS on Friday, July 31. The rating was maintained by Citigroup with “Neutral” on Monday, September 14. The rating was maintained by Citigroup with “Buy” on Saturday, December 5.
According to Zacks Investment Research, “Avon Products, Inc. is one of the world’s leading manufacturers and marketers of beauty and related products, which include cosmetics, fragrance and toiletries; beauty plus which consists of jewelry and accessories and apparel; and non-core which consists of gift and decorative and home entertainment products.”
Insitutional Activity: The institutional sentiment increased to 1.06 in Q2 2016. Its up 0.08, from 0.98 in 2016Q1. The ratio improved, as 41 funds sold all Avon Products, Inc. shares owned while 67 reduced positions. 23 funds bought stakes while 92 increased positions. They now own 374.42 million shares or 0.82% more from 371.35 million shares in 2016Q1.
Marshwinds Advisory Communication last reported 0.12% of its portfolio in the stock. Birmingham Capital Mngmt Company Al has invested 0.04% of its portfolio in Avon Products, Inc. (NYSE:AVP). Commonwealth Of Pennsylvania Pub School Empls Retrmt System owns 83,950 shares or 0.01% of their US portfolio. Teacher Retirement Of Texas has 60,803 shares for 0% of their US portfolio. Aberdeen Asset Management Public Limited Uk accumulated 0% or 138,855 shares. Toronto Dominion Bancorp has 0% invested in the company for 400 shares. The Ontario – Canada-based Cibc Ww Markets Inc has invested 0% in Avon Products, Inc. (NYSE:AVP). Morgan Stanley last reported 0% of its portfolio in the stock. Loring Wolcott Coolidge Fiduciary Advsrs Ltd Liability Partnership Ma last reported 0% of its portfolio in the stock. Ontario Teachers Pension Plan Board last reported 0.12% of its portfolio in the stock. Ycg holds 726 shares or 0% of its portfolio. Firstmerit Financial Bank N A Trustee accumulated 21,000 shares or 0.01% of the stock. Blackrock Institutional Tru Na holds 0.01% or 13.58M shares in its portfolio. New York State Common Retirement Fund has 0.01% invested in the company for 1.02 million shares. Millennium Mngmt Llc last reported 1.31M shares in the company.
Insider Transactions: Since August 9, 2016, the stock had 2 insider purchases, and 0 sales for $64,330 net activity. 10,000 shares were bought by Higson John, worth $51,970 on Thursday, August 11. Shares for $12,360 were bought by CORNWELL W DON on Tuesday, August 9.
More recent Avon Products, Inc. (NYSE:AVP) news were published by: Fool.com which released: “Why Avon Products Inc. Stock Surged 40% Last Month” on September 09, 2016. Also Prnewswire.com published the news titled: “Jose Armario Named to Avon Products, Inc. Board of Directors” on September 08, 2016. Seekingalpha.com‘s news article titled: “Avon Products: What’s Next?” with publication date: September 30, 2016 was also an interesting one.
AVP Company Profile
Avon Products, Inc., incorporated on January 27, 1916, is a maker and marketer of beauty and related products. The Company’s product categories are Beauty, and Fashion and Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics). Fashion and Home consists of fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children’s products and nutritional products. The Company’s divisions are based on geographic activities and include commercial business units in Latin America; Europe, Middle East and Africa, and Asia Pacific. The Company’s business is conducted primarily in one channel, direct selling.
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