The stock of Avon Products, Inc. (NYSE:AVP) is a huge mover today! About 2.92 million shares traded hands. Avon Products, Inc. (NYSE:AVP) has risen 12.02% since April 14, 2016 and is uptrending. It has outperformed by 7.34% the S&P500.
The move comes after 9 months positive chart setup for the $2.51 billion company. It was reported on Nov, 16 by Barchart.com. We have $7.77 PT which if reached, will make NYSE:AVP worth $928.70 million more.
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 company was initiated on Tuesday, July 21 by Sterne Agee CRT. The stock of Avon Products, Inc. (NYSE:AVP) has “Neutral” rating given on Friday, July 31 by UBS. Citigroup maintained Avon Products, Inc. (NYSE:AVP) rating on Saturday, December 5. Citigroup has “Buy” rating and $6 price target. Citigroup maintained Avon Products, Inc. (NYSE:AVP) on Monday, September 14 with “Neutral” rating. Sterne Agee CRT upgraded Avon Products, Inc. (NYSE:AVP) on Friday, December 18 to “Buy” rating. B. Riley & Co maintained it with “Neutral” rating and $3.20 target price in Thursday, November 5 report. The company was upgraded on Tuesday, November 24 by Citigroup. The stock of Avon Products, Inc. (NYSE:AVP) earned “Overweight” rating by Piper Jaffray on Friday, January 22. The firm earned “Buy” rating on Friday, June 3 by Jefferies. Citigroup maintained it with “Buy” rating and $6 target price in Thursday, May 12 report.
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 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.
California Employees Retirement has 0.02% invested in the company for 3.36 million shares. Marshwinds Advisory Company holds 0.12% or 65,776 shares in its portfolio. The New Jersey-based Prudential Fin has invested 0% in Avon Products, Inc. (NYSE:AVP). Geode Capital Mgmt Limited Liability has 0.01% invested in the company for 2.87 million shares. Gsa Prtnrs Ltd Liability Partnership has 0.14% invested in the company for 672,075 shares. Advantus Capital Mgmt, a Minnesota-based fund reported 52,824 shares. State Of New Jersey Common Pension Fund D owns 2.60M shares or 0.04% of their US portfolio. Invesco Ltd holds 0% or 1.79 million shares in its portfolio. Ameritas Investment Prtnrs holds 0.03% or 103,298 shares in its portfolio. Comml Bank Of Montreal Can accumulated 67,617 shares or 0% of the stock. Commonwealth Equity Services holds 0% of its portfolio in Avon Products, Inc. (NYSE:AVP) for 45,393 shares. North Star Investment has 0% invested in the company for 200 shares. Comerica Retail Bank owns 309,713 shares or 0.01% of their US portfolio. Highbridge Mgmt Llc owns 486,349 shares or 0.03% of their US portfolio. California State Teachers Retirement owns 923,956 shares or 0.01% of their US portfolio.
Insider Transactions: Since August 9, 2016, the stock had 2 insider purchases, and 0 insider sales for $64,330 net activity. On Tuesday, August 9 CORNWELL W DON bought $12,360 worth of the stock or 2,400 shares. $51,970 worth of shares were bought by Higson John on Thursday, August 11.
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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