What’s Avon Products, Inc. (AVP) Downside After Reaching Yearly Low?

July 16, 2018 - By Jason Dias

Avon Products, Inc. (NYSE:AVP) Logo

Investors sentiment increased to 1.09 in 2018 Q1. Its up 0.12, from 0.97 in 2017Q4. It is positive, as 34 investors sold Avon Products, Inc. shares while 57 reduced holdings. 38 funds opened positions while 61 raised stakes. 355.74 million shares or 0.68% less from 358.18 million shares in 2017Q4 were reported.
Commerzbank Aktiengesellschaft Fi holds 1.07M shares. Cap Sarl has invested 0.37% in Avon Products, Inc. (NYSE:AVP). Regions Financial Corp holds 0% of its portfolio in Avon Products, Inc. (NYSE:AVP) for 218 shares. Timber Hill Ltd Llc has 0.02% invested in Avon Products, Inc. (NYSE:AVP). Deutsche Bankshares Ag accumulated 931,523 shares or 0% of the stock. Goldman Sachs Inc has invested 0% of its portfolio in Avon Products, Inc. (NYSE:AVP). Guggenheim Ltd Com has 0% invested in Avon Products, Inc. (NYSE:AVP) for 28,898 shares. Canada Pension Plan Invest Board, a Ontario – Canada-based fund reported 1.01M shares. Millennium Management Ltd holds 0.02% in Avon Products, Inc. (NYSE:AVP) or 4.18M shares. Gabelli Funds invested in 624,000 shares or 0.01% of the stock. Renaissance Technologies has invested 0.04% in Avon Products, Inc. (NYSE:AVP). 158,550 are owned by Pub Employees Retirement Sys Of Ohio. Highlander Cap Ltd Liability Com holds 0.12% of its portfolio in Avon Products, Inc. (NYSE:AVP) for 74,000 shares. Automobile Association accumulated 65,408 shares. Principal Financial Gru Inc stated it has 3.38M shares or 0.01% of all its holdings.

Since May 15, 2018, it had 3 buys, and 0 insider sales for $1.54 million activity. On Friday, May 18 the insider MITAROTONDA JAMES A bought $873,892. 250,000 shares were bought by Zijderveld Jan, worth $481,350.

The stock of Avon Products, Inc. (NYSE:AVP) hit a new 52-week low and has $1.38 target or 4.00 % below today’s $1.44 share price. The 5 months bearish chart indicates high risk for the $636.02 million company. The 1-year low was reported on Jul, 16 by Barchart.com. If the $1.38 price target is reached, the company will be worth $25.44 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 0.69% or $0.01 during the last trading session, reaching $1.44. About 2.06M shares traded. Avon Products, Inc. (NYSE:AVP) has declined 47.89% since July 16, 2017 and is downtrending. It has underperformed by 60.46% the S&P500.

Analysts await Avon Products, Inc. (NYSE:AVP) to report earnings on August, 2. They expect $0.01 earnings per share, up 133.33 % or $0.04 from last year’s $-0.03 per share. AVP’s profit will be $4.42 million for 36.00 P/E if the $0.01 EPS becomes a reality. After $-0.02 actual earnings per share 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 3 analysts covering Avon Products (NYSE:AVP), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Avon Products had 3 analyst reports since February 15, 2018 according to SRatingsIntel. The rating was maintained by Citigroup on Friday, May 4 with “Buy”. The rating was maintained by Deutsche Bank on Friday, February 16 with “Hold”. The rating was maintained by Jefferies on Thursday, February 15 with “Sell”.

More news for Avon Products, Inc. (NYSE:AVP) were recently published by: Streetinsider.com, which released: “Avon Products (AVP) Announces Milestones in its plans to Transform Digital Capabilities of its Representatives” on June 27, 2018. Fool.com‘s article titled: “Why Avon Products Stock Has Lost 25% So Far in 2018” and published on July 11, 2018 is yet another important article.

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 $636.02 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 45 P/E ratio. It sells its products through direct selling by representatives.

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

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