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AVP

Avon Products

$3.15

0.03 (0.96%)

14:39
05/14/19
05/14
14:39
05/14/19
14:39

Natura deal to buy Avon could be announced as soon as this week, Bloomberg says

Natura Cosmeticos could combine a merger agreement with Avon Products with an extension of its debt maturities and both deals could be announced as soon as this week, a source told Bloomberg's Pablo Gonzalez and Vinicius Andrade.

  • 16

    May

AVP Avon Products
$3.15

0.03 (0.96%)

09/24/18
DADA
09/24/18
UPGRADE
Target $3.5
DADA
Buy
Avon Products upgraded to Buy at DA Davidson on operational focus of new CEO
As reported earlier, DA Davidson analyst Linda Bolton Weiser upgraded Avon Products (AVP) to Buy from Hold and raised her price target to $3.50 from $1.75. The analyst cites the increased "sense of urgency" under the new CEO Jan Zijderveld displayed in his first analyst meeting, demonstrating his greater engagement in the company's operations, hiring of executives with sales experience, and "establishing a culture of accountability". Based on her increased confidence in Avon's management team, Weiser also raised her target enterprise value to expected FY20 EBITDA target multiple to 6.5-times from 4.5-times, which is still a discount to other direct sellers like Nu Skin (NUS) and Herablife (HLF) trading at 11- to 12-times
09/24/18
09/24/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Plains All American (PAA) and Plains GP Holdings (PAGP) were upgraded to Buy from Hold at Stifel. 2. Avon Products (AVP) upgraded to Buy from Neutral at DA Davidson with analyst Linda Bolton Weiser citing the increased "sense of urgency" under the new CEO Jan Zijderveld displayed in his first analyst meeting, demonstrating his greater engagement in the company's operations, hiring of executives with sales experience, and "establishing a culture of accountability." 3. United Natural Foods (UNFI) upgraded to Sector Perform at RBC Capital with analyst William Kirk saying while core business challenges for the company remain and the risk of the Supervalu acquisition integration continues, its 6.4-times earnings valuation likely accounts for these issues. 4. KVH Industries (KVHI) upgraded to Buy from Neutral at Chardan with analyst James McIlree saying he expects "continued strong growth" from its Agile Plans that should result in improved margins and increased financial predictability. 5. RELX (RELX) upgraded to Overweight from Equal Weight at Barclays with analyst Nick Dempsey saying he views the current valuation as attractive. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/25/19
DADA
03/25/19
NO CHANGE
Target $3.5
DADA
Buy
Avon Products buyout could be valued as high as $4.50/shr, says DA Davidson
DA Davidson analyst Linda Bolton Weiser kept her Buy rating and $3.50 price target on Avon Products after the latest speculation about its potential acquisition by Natura. The analyst believes that the takeout valuation could come at $3.80-$4.50 per share, but intends to assess the Brazil anti-trust rules while also noting Natura's already "leveraged balance sheet, with over $2B of debt and debt-to-EBITDA of 4.3-times".
05/10/19
SBSH
05/10/19
NO CHANGE
SBSH
Natura paying 50% premium for Avon 'not the base case,' says Citi
Citi analyst Tobias Stingelin noted that Spanish website Intereconomia.com reported, citing a source, that Santander's board has approved a loan of up to $2.1B for Natura, which he notes has already publicly announced that it is engaged in talks to buy Avon. An all cash transaction of $2.1B, or a 50% premium, is unlikely in his view and he does not believe that this is the base case, Stingelin tells investors. He believes that if a transaction were to take place for Avon it would be at a lower premium and noted that Intereconomia's source said a deal could still be for a combination of cash and stock. Stingelin has a Neutral rating on Natura shares. In afternoon trading, Avon shares are up nearly 10% to $3.18.

TODAY'S FREE FLY STORIES

LOW

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$108.61

-0.39 (-0.36%)

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LOW

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HD

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AMZN

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SHLD

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TSLA

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, TROW

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VRNA

Verona Pharma

$5.90

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MYL

Mylan

$19.26

-0.38 (-1.93%)

, TBPH

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Conference/Events
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GOOS

Canada Goose

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-0.65 (-1.34%)

, OSW

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BYND

Beyond Meat

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FMC

FMC Corporation

$74.01

-1.24 (-1.65%)

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AAL

American Airlines

$30.38

-1.38 (-4.35%)

, DAL

Delta Air Lines

$54.07

-0.82 (-1.49%)

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AAL

American Airlines

$30.38

-1.38 (-4.35%)

DAL

Delta Air Lines

$54.07

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DB

Deutsche Bank

$7.42

-0.16 (-2.11%)

EV

Eaton Vance

$36.91

-0.895 (-2.37%)

PRA

ProAssurance

$38.42

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CLX

Clorox

$147.09

0.03 (0.02%)

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GD

General Dynamics

$169.82

3.43 (2.06%)

, TGT

Target

$71.62

0.74 (1.04%)

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GD

General Dynamics

$169.82

3.43 (2.06%)

TGT

Target

$71.62

0.74 (1.04%)

NPTN

NeoPhotonics

$3.99

0.16 (4.18%)

UAL

United Continental

$81.40

-0.12 (-0.15%)

JACK

Jack in the Box

$82.09

-0.13 (-0.16%)

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TRN

Trinity Industries

$20.78

-0.15 (-0.72%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

$0.00

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FLIC

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MSC

Studio City

$17.00

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BNED

Barnes & Noble Education

$3.40

-0.26 (-7.10%)

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KEYS

Keysight Technologies

$73.76

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  • 29

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SMI

SMIC

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0.38 (7.58%)

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WBK

Westpac Banking

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1.63 (9.39%)

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S

Sprint

$7.64

1.46 (23.64%)

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BSX

Boston Scientific

$36.83

-0.49 (-1.31%)

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UNM

Unum Group

$34.79

-0.01 (-0.03%)

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RDY

Dr. Reddy's

$36.93

-2.38 (-6.05%)

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