Piper Jaffray Downgrades Avon Products to Neutral

Brokerage firm Piper Jaffray Downgrades its rating on Avon Products(NYSE:AVP). The shares have been rated Neutral. Previously, the analysts had a Overweight rating on the shares. The rating by Piper Jaffray was issued on Apr 12, 2016.

In a different note, On Feb 29, 2016, Cowen & Company said it Maintains its rating on Avon Products. In the research note, the firm Raises the price-target to $15.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jan 22, 2016, Piper Jaffray said it Upgrades its rating on Avon Products. The shares have been rated ‘Overweight’ by the firm.

Avon Products (AVP) made into the market gainers list on Fridays trading session with the shares advancing 0.40% or 0.02 points. Due to strong positive momentum, the stock ended at $5.01, which is also near the day’s high of $5.06. The stock began the session at $4.95 and the volume stood at 44,46,932 shares. The 52-week high of the shares is $9.18 and the 52 week low is $2.21. The company has a current market capitalization of $2,182 M and it has 43,54,72,460 shares in outstanding.

Avon Products(AVP) last announced its earnings results on Nov 4, 2015 for Fiscal Year 2015 and Q3.Company reported revenue of $1.67B. Analysts had an estimated revenue of $1.68B. Earnings per share were $-0.11. Analysts had estimated an EPS of $0.08.

Several Insider Transactions has been reported to the SEC. On May 7, 2015, Pablo Munoz (Senior Vice President) purchased 10,000 shares at $7.25 per share price.Also, On Feb 2, 2015, Maria Elena Lagomasino (director) purchased 7,473 shares at $13.36 per share price.

Avon Products Inc. is a manufacturer and marketer of beauty and related products. The Company’s 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 children’s products and nutritional products. The Company’s segments are -based on geographic operations and include commercial business units in Latin America; Europe Middle East & Africa; North America and Asia Pacific. The Company’s 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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