Standpoint Research Upgrades Avon Products to Buy (AVP)
Avon Products (NYSE: AVP) was upgraded by research analysts at Standpoint Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm currently has a $24.00 target price on the stock.
Shares of Avon Products opened at 19.87 on Tuesday. Avon Products has a 52 week low of $16.09 and a 52 week high of $31.27. The company has a market cap of $8.563 billion and a P/E ratio of 16.84.
The company last announced its quarterly results on Tuesday, May 1st. It reported $0.10 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.28 EPS by $0.18. The company’s quarterly revenue was down 2.0% on a year-over-year basis. On average, analysts predict that Avon Products will post $0.38 earnings per share next quarter.
A number of other firms have also recently commented on AVP. Analysts at UBS AG (NYSE: UBS) reiterated a “neutral” rating on shares of Avon Products in a research note to investors on Wednesday, April 4th. Separately, analysts at Caris & Co. raised their price target on shares of Avon Products to $28.00 in a research note to investors on Tuesday, April 3rd. They noted that the move was a valuation call. Finally, analysts at Caris & Co. raised their price target on shares of Avon Products from $21.00 to $28.00 in a research note to investors on Tuesday, April 3rd. They now have an “above average” rating on the stock.
Avon Products, Inc. (Avon) is a manufacturer and marketer of beauty and related products. The Company’s product categories are Beauty, Fashion and Home.