Avon Products Receives a Hold from RBC Capital

By Jason Carr

In a report released yesterday, Nik Modi from RBC Capital reiterated a Hold rating on Avon Products (NYSE: AVP), with a price target of $3. The company’s shares opened today at $2.31, close to its 52-week low of $2.24.

According to TipRanks.com, Modi is a 4-star analyst with an average return of 7.0% and a 66.3% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Constellation Brands Inc, and Energizer Holdings Inc.

Avon Products has an analyst consensus of Hold, with a price target consensus of $3.07.

Based on Avon Products’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.4 billion and GAAP net loss of $44.9 million. In comparison, last year the company earned revenue of $1.41 billion and had a net profit of $35.2 million.

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Avon Products, Inc. manufactures and markets cosmetics and beauty related products. Its product categories are Beauty, Fashion and Home. The Beauty category consists of color cosmetics, fragrances, skin care and personal care. The Fashion category consists of fashion jewelry, watches, apparel, footwear, accessories and children’s products.