Could Avon Products, Inc. (AVP) Gain Strenght? The Stock Reaches Yearly Low

May 25, 2018 - By Clifton Ray

Avon Products, Inc. (NYSE:AVP) Logo

Investors sentiment decreased to 0.97 in 2017 Q4. Its down 0.05, from 1.02 in 2017Q3. It is negative, as 30 investors sold Avon Products, Inc. shares while 64 reduced holdings. 35 funds opened positions while 56 raised stakes. 358.18 million shares or 1.16% more from 354.07 million shares in 2017Q3 were reported.
The New Jersey-based Supplemental Annuity Collective Trust Of Nj has invested 0.18% in Avon Products, Inc. (NYSE:AVP). Vantage Investment Lc owns 0% invested in Avon Products, Inc. (NYSE:AVP) for 500 shares. Lmr Partners Llp holds 0.01% in Avon Products, Inc. (NYSE:AVP) or 27,459 shares. Grantham Mayo Van Otterloo & Com Limited Liability Corp owns 57,900 shares. Highlander Limited Liability Company holds 74,000 shares. State Street has invested 0% in Avon Products, Inc. (NYSE:AVP). 347,384 are held by Mutual Of America Ltd Liability. Franklin Res, California-based fund reported 243,466 shares. Bogle Mngmt Limited Partnership De holds 0.16% or 1.04M shares. State Of New Jersey Common Pension Fund D has invested 0.05% in Avon Products, Inc. (NYSE:AVP). The New Jersey-based Systematic Mngmt Lp has invested 0.03% in Avon Products, Inc. (NYSE:AVP). Stone Ridge Asset Management Llc owns 79,798 shares. Los Angeles Management & Equity has 0.01% invested in Avon Products, Inc. (NYSE:AVP) for 1.27M shares. Susquehanna Gp Ltd Liability Partnership stated it has 0% of its portfolio in Avon Products, Inc. (NYSE:AVP). 355,900 were accumulated by Ca.

Since May 15, 2018, it had 3 insider buys, and 0 selling transactions for $1.54 million activity. 100,000 shares valued at $189,000 were bought by Fernandez Calero Miguel Angel on Wednesday, May 16. Zijderveld Jan also bought $481,350 worth of Avon Products, Inc. (NYSE:AVP) shares.

The stock of Avon Products, Inc. (NYSE:AVP) hit a new 52-week low and has $1.67 target or 9.00 % below today’s $1.84 share price. The 8 months bearish chart indicates high risk for the $812.69 million company. The 1-year low was reported on May, 25 by Barchart.com. If the $1.67 price target is reached, the company will be worth $73.14 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 2.65% or $0.05 during the last trading session, reaching $1.84. About 2.87 million shares traded. Avon Products, Inc. (NYSE:AVP) has declined 33.73% since May 25, 2017 and is downtrending. It has underperformed by 45.28% the S&P500.

Analysts await Avon Products, Inc. (NYSE:AVP) to report earnings on August, 2. They expect $0.01 EPS, up 133.33 % or $0.04 from last year’s $-0.03 per share. AVP’s profit will be $4.42 million for 46.00 P/E if the $0.01 EPS becomes a reality. After $-0.02 actual EPS reported by Avon Products, Inc. for the previous quarter, Wall Street now forecasts -150.00 % EPS growth.

Avon Products, Inc. (NYSE:AVP) Ratings Coverage

Among 4 analysts covering Avon Products (NYSE:AVP), 1 have Buy rating, 2 Sell and 1 Hold. Therefore 25% are positive. Avon Products had 4 analyst reports since January 4, 2018 according to SRatingsIntel. The company was maintained on Friday, February 16 by Deutsche Bank. On Friday, May 4 the stock rating was maintained by Citigroup with “Buy”. The firm earned “Sell” rating on Thursday, February 15 by Jefferies. Bank of America downgraded the stock to “Underperform” rating in Thursday, January 4 report.

Avon Products, Inc. manufactures and markets beauty and related products in Europe, the Middle East, Africa, South Latin America, North Latin America, and the Asia Pacific. The company has market cap of $812.69 million. The firm offers beauty products, including skincare products that include personal care products, as well as fragrances and color cosmetics; and fashion and home products, such as fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, childrenÂ’s products, and nutritional products. It has a 57.5 P/E ratio. It sells its products through direct selling by representatives.

Avon Products, Inc. (NYSE:AVP) Institutional Positions Chart

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