Market Runner: What’s Next for Avon Products, Inc. After Making 52-Week High?

Market Runner: What's Next for Avon Products, Inc. After Making 52 Week High?

The stock of Avon Products, Inc. (NYSE:AVP) hit a new 52-week high and has $9.36 target or 56.00% above today’s $6.00 share price. The 7 months bullish chart indicates low risk for the $2.70 billion company. The 1-year high was reported on Oct, 7 by Barchart.com. If the $9.36 price target is reached, the company will be worth $1.51B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.62M shares traded hands. Avon Products, Inc. (NYSE:AVP) has risen 47.12% since March 4, 2016 and is uptrending. It has outperformed by 39.08% the S&P500.

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 $13.50M for 50.00 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. $10 is the highest target while $2 is the lowest. The $5.30 average target is -11.67% below today’s ($6) stock price. Avon Products Inc. has been the topic of 16 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The company was upgraded on Friday, January 22 by Piper Jaffray. As per Friday, December 18, the company rating was upgraded by Sterne Agee CRT. On Thursday, November 5 the stock rating was downgraded by UBS to “Sell”. UBS maintained Avon Products, Inc. (NYSE:AVP) on Friday, July 31 with “Neutral” rating. The company was maintained on Thursday, November 5 by B. Riley & Co. The firm has “Buy” rating given on Tuesday, November 24 by Citigroup. The rating was maintained by Citigroup with “Buy” on Saturday, December 5. On Thursday, May 12 the stock rating was maintained by Citigroup with “Buy”. On Tuesday, April 12 the stock rating was downgraded by Piper Jaffray to “Neutral”. Jefferies initiated Avon Products, Inc. (NYSE:AVP) on Friday, June 3 with “Buy” rating.

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 2016 Q2. Its up 0.08, from 0.98 in 2016Q1. The ratio increased, 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.
Numeric Invsts Lc holds 280,400 shares or 0.01% of its portfolio. Voya Investment Mgmt Limited Liability Company owns 183,544 shares or 0% of their US portfolio. Sandy Spring Retail Bank last reported 0% of its portfolio in the stock. The Massachusetts-based Boston Family Office Limited Com has invested 0.02% in Avon Products, Inc. (NYSE:AVP). The Maine-based Schroder Investment Mgmt Group has invested 0.01% in Avon Products, Inc. (NYSE:AVP). The Illinois-based Nuveen Asset Mgmt Limited Liability has invested 0.01% in Avon Products, Inc. (NYSE:AVP). Moreover, Parallax Volatility Advisers L P has 0% invested in Avon Products, Inc. (NYSE:AVP) for 27,388 shares. Spot Trading Lc holds 0.01% of its portfolio in Avon Products, Inc. (NYSE:AVP) for 97,734 shares. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. Deutsche Natl Bank Ag, a Germany-based fund reported 3.43M shares. Vantage Limited Liability last reported 500 shares in the company. Oakbrook Invs Ltd Limited Liability Company has invested 0.01% of its portfolio in Avon Products, Inc. (NYSE:AVP). New York State Common Retirement Fund last reported 0.01% of its portfolio in the stock. State Of Tennessee Treasury Department reported 40,000 shares or 0% of all its holdings. Company Bank & Trust accumulated 21,064 shares or 0% of the stock.

Insider Transactions: Since August 9, 2016, the stock had 2 insider buys, and 0 selling transactions for $64,330 net activity. Higson John bought 10,000 shares worth $51,970. Another trade for 2,400 shares valued at $12,360 was bought by CORNWELL W DON.

More news for Avon Products, Inc. (NYSE:AVP) were recently published by: Prnewswire.com, which released: “Jose Armario Named to Avon Products, Inc. Board of Directors” on September 08, 2016. Seekingalpha.com‘s article titled: “Avon Products: What’s Next?” and published on September 30, 2016 is yet another important article.

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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