Avon Products Inc (NYSE:AVP) Institutional Investors Quarterly Sentiment

January 14, 2018 - By Dolores Ford

 Avon Products Inc (NYSE:AVP) Institutional Investors Quarterly Sentiment

Sentiment for Avon Products Inc (NYSE:AVP)

Avon Products Inc (NYSE:AVP) institutional sentiment increased to 1.02 in 2017 Q3. Its up 0.21, from 0.81 in 2017Q2. The ratio has improved, as 99 hedge funds increased and opened new equity positions, while 97 sold and decreased stakes in Avon Products Inc. The hedge funds in our partner’s database now have: 354.07 million shares, down from 365.78 million shares in 2017Q2. Also, the number of hedge funds holding Avon Products Inc in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 37 Reduced: 60 Increased: 73 New Position: 26.

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 $972.40 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 currently has negative earnings. It sells its products through direct selling by representatives.

The stock increased 1.84% or $0.04 during the last trading session, reaching $2.21. About 1.88 million shares traded. Avon Products, Inc. (NYSE:AVP) has declined 10.85% since January 14, 2017 and is downtrending. It has underperformed by 27.55% the S&P500.

Analysts await Avon Products, Inc. (NYSE:AVP) to report earnings on February, 15. They expect $0.06 earnings per share, up 500.00 % or $0.05 from last year’s $0.01 per share. AVP’s profit will be $26.40 million for 9.21 P/E if the $0.06 EPS becomes a reality. After $0.03 actual earnings per share reported by Avon Products, Inc. for the previous quarter, Wall Street now forecasts 100.00 % EPS growth.

Shah Capital Management holds 8.16% of its portfolio in Avon Products, Inc. for 6.96 million shares. Saba Capital Management L.P. owns 2.84 million shares or 0.67% of their US portfolio. Moreover, Continental Advisors Llc has 0.56% invested in the company for 1.04 million shares. The New York-based Lucus Advisors Llc has invested 0.48% in the stock. Yacktman Asset Management Lp, a Texas-based fund reported 19.13 million shares.#img1#

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

Ratings analysis reveals 18% of Avon Products Inc.’s analysts are positive. Out of 11 Wall Street analysts rating Avon Products Inc., 2 give it “Buy”, 3 “Sell” rating, while 6 recommend “Hold”. The lowest target is $1.75 while the high is $10. The stock’s average target of $3.94 is 78.28% above today’s ($2.21) share price. AVP was included in 31 notes of analysts from August 3, 2015. The stock of Avon Products, Inc. (NYSE:AVP) earned “Neutral” rating by Sterne Agee CRT on Tuesday, July 21. As per Friday, August 4, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating by Jefferies given on Friday, June 3. UBS downgraded the shares of AVP in report on Thursday, November 5 to “Sell” rating. The stock of Avon Products, Inc. (NYSE:AVP) has “Sell” rating given on Friday, August 4 by UBS. Deutsche Bank downgraded Avon Products, Inc. (NYSE:AVP) on Friday, August 4 to “Hold” rating. The company was maintained on Monday, September 18 by Stifel Nicolaus. The firm earned “Neutral” rating on Tuesday, April 12 by Piper Jaffray. The firm has “Hold” rating given on Friday, June 23 by Stifel Nicolaus. RBC Capital Markets maintained Avon Products, Inc. (NYSE:AVP) rating on Thursday, October 12. RBC Capital Markets has “Hold” rating and $3.0 target.

More news for Avon Products, Inc. (NYSE:AVP) were recently published by: Prnewswire.com, which released: “Consumer Goods Stocks’ Research Reports Released on Coty, Avon Products …” on January 11, 2018. Nasdaq.com‘s article titled: “3 Reasons Why Avon Products (AVP) is off Investors’ Radar” and published on December 26, 2017 is yet another important article.

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