Avon Products Receives a Hold from Stifel Nicolaus

By Carrie Williams

Stifel Nicolaus analyst Christopher Growe reiterated a Hold rating on Avon Products (NYSE: AVP) yesterday and set a price target of $4.50. The company’s shares closed yesterday at $3.48, close to its 52-week low of $3.24.

According to TipRanks.com, Growe is a 5-star analyst with an average return of 10.4% and a 71.4% success rate. Growe covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Constellation Brands Inc, and Mondelez International.

Currently, the analyst consensus on Avon Products is Hold and the average price target is $4, representing a 14.9% upside.

In a report issued on June 8, RBC Capital also reiterated a Hold rating on the stock with a $4 price target.

Based on Avon Products’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.33 billion and GAAP net loss of $36 million. In comparison, last year the company earned revenue of $1.31 billion and had a GAAP net loss of $149 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. The Home category consists of gift and decorative products, house wares, entertainment and leisure products and nutritional products. The company operates through five geographical segments: Latin America; North America; Central & Eastern Europe; Western Europe, Middle East & Africa, and Asia Pacific. Avon Products was founded by David H. McConnell in 1886 and is headquartered in London, the United Kingdom.,000CGK-E