Avon Products (AVP) : Analyst Rating Update

Avon Products (AVP) has an average broker rating of 2.6, which is interpreted as a Hold, as rated by 10 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Avon Products (AVP) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $7 and the lowest price target forecast is $3. The average forecast of all the analysts is $4.78 and the expected standard deviation is $1.62.

Avon Products (NYSE:AVP): The stock opened at $3.70 on Wednesday but the bulls could not build on the opening and the stock topped out at $3.79 for the day. The stock traded down to $3.65 during the day, due to lack of any buying support eventually closed down at $3.73 with a loss of -0.53% for the day. The stock had closed at $3.75 on the previous day. The total traded volume was 3,595,737 shares.

Also, Jefferies initiates coverage on Avon Products (NYSE:AVP). The rating major has initiated the coverage with buy rating on the shares. The rating by the firm was issued on June 3, 2016. The company shares have dropped -37.50% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $6.69 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $3.97 and the 200 Day Moving Average price is recorded at $3.95.

Avon Products, Inc. is a manufacturer and marketer of beauty and related products. The Companys offers its products under two product categories: Beauty and Fashion & Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics). Fashion & Home consists of fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, childrens products and nutritional products. The Companys segments are -based on geographic operations and include commercial business units in Latin America; Europe, Middle East & Africa; North America, and Asia Pacific. The Companys business is conducted primarily in one channel, direct selling. The Company has sales operations in 60 countries and territories, including the United States, and distributed its products in 41 other countries and territories.

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