The stock of Avon Products, Inc. (NYSE:AVP) is a huge mover today! About 7.10 million shares traded hands or 57.43% up from the average. Avon Products, Inc. (NYSE:AVP) has risen 53.98% since March 15, 2016 and is uptrending. It has outperformed by 48.50% the S&P500.
The move comes after 9 months positive chart setup for the $2.85 billion company. It was reported on Oct, 18 by Barchart.com. We have $9.85 PT which if reached, will make NYSE:AVP worth $1.40B more.
Analysts await Avon Products, Inc. (NYSE:AVP) to report earnings on November, 2. They expect $0.03 earnings per share, up 127.27% or $0.14 from last year’s $-0.11 per share. AVP’s profit will be $12.93 million for 55.08 P/E if the $0.03 EPS becomes a reality. After $0.07 actual earnings per share 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. The firm has “Neutral” rating given on Tuesday, July 21 by Sterne Agee CRT. Citigroup maintained it with “Buy” rating and $6 target price in Thursday, May 12 report. UBS downgraded the shares of AVP in a report on Thursday, November 5 to “Sell” rating. UBS maintained it with “Neutral” rating and $5.50 target price in Friday, July 31 report. The stock has “Neutral” rating given by B. Riley & Co on Thursday, November 5. On Tuesday, November 24 the stock rating was upgraded by Citigroup to “Buy”. The stock has “Neutral” rating given by Citigroup on Monday, September 14. The rating was maintained by Citigroup on Saturday, December 5 with “Buy”. Piper Jaffray upgraded Avon Products, Inc. (NYSE:AVP) on Friday, January 22 to “Overweight” rating. The rating was initiated by Jefferies on Friday, June 3 with “Buy”.
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.
Tdam Usa Incorporated holds 20,912 shares or 0% of its portfolio. First Trust Advisors Lp has invested 0% of its portfolio in Avon Products, Inc. (NYSE:AVP). Employees Retirement Systems Of Texas has 167,000 shares for 0.01% of their US portfolio. Moreover, Cibc Ww Markets has 0% invested in Avon Products, Inc. (NYSE:AVP) for 39,169 shares. Credit Suisse Ag holds 0.02% or 5.19M shares in its portfolio. The New York-based Jpmorgan Chase has invested 0% in Avon Products, Inc. (NYSE:AVP). Marshall Wace Limited Liability Partnership holds 0% of its portfolio in Avon Products, Inc. (NYSE:AVP) for 34,076 shares. Continental Limited Liability Co holds 0.72% of its portfolio in Avon Products, Inc. (NYSE:AVP) for 619,255 shares. New Jersey Better Educational Savings Trust holds 0.36% or 140,000 shares in its portfolio. Commerzbank Aktiengesellschaft Fi holds 0.03% or 1.18 million shares in its portfolio. First Republic Invest Mgmt Inc reported 35,235 shares or 0% of all its holdings. Assetmark holds 0% or 250 shares in its portfolio. Moreover, Shah Mngmt has 10.28% invested in Avon Products, Inc. (NYSE:AVP) for 2.80M shares. Los Angeles And Equity Research owns 1.53 million shares or 0.05% of their US portfolio. Moreover, Natl Bank has 0% invested in Avon Products, Inc. (NYSE:AVP) for 21,064 shares.
Insider Transactions: Since August 9, 2016, the stock had 2 insider buys, and 0 insider sales for $64,330 net activity. $51,970 worth of Avon Products, Inc. (NYSE:AVP) shares were bought by Higson John. $12,360 worth of shares were bought by CORNWELL W DON on Tuesday, August 9.
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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