Showing posts with label Avon Products. Show all posts
Showing posts with label Avon Products. Show all posts

Monday, January 5, 2015

Short Interest in Avon Products Increases By 16.6% (AVP)

9:25 PM Posted by Unknown No comments
Shares of Avon Products (NYSE:AVP) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 57,793,390 shares, an increase of 16.6% from the November 28th total of 49,566,171 shares, Stock Ratings Network.com reports. Based on an average daily volume of 11,467,182 shares, the days-to-cover ratio is currently 5.0 days. Currently, 13.3% of the shares of the stock are sold short.

A number of analysts have recently weighed in on AVP shares. Analysts at BMO Capital Markets downgraded shares of Avon Products from a “market perform” rating to an “underperform” rating in a research note on Tuesday, December 23rd. They now have a $7.00 price target on the stock, down previously from $10.00. Separately, analysts at Piper Jaffray initiated coverage on shares of Avon Products in a research note on Wednesday, December 17th. They set a “neutral” rating and a $9.00 price target on the stock. Finally, analysts at Citigroup Inc. cut their price target on shares of Avon Products from $11.00 to $10.00 in a research note on Wednesday, December 17th. They now have a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. Avon Products currently has an average rating of “Hold” and a consensus target price of $12.32.

Source: http://goo.gl/dcQ7ob

Monday, November 24, 2014

Avon Revises Management Structure in Support of Turnaround Plan

12:55 AM Posted by Unknown , No comments

To Provide Better Management Focus, Latin America Business Divided into Two Regions; Further Steps Taken to Strengthen Key Functions of Marketing and Field Management


Avon Products, Inc. (NYSE: AVP) today announced a series of changes to the company’s management structure designed to support its multiyear turnaround plan.

“To return the Avon business to sustainable, profitable growth, we continue to improve processes, reduce cost, and invest in our top markets,” said Sheri McCoy, Chief Executive Officer of Avon Products, Inc.

Source: http://goo.gl/HCk4l8

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