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AVP

Avon Products

$3.20

0.06 (1.91%)

16:20
05/21/19
05/21
16:20
05/21/19
16:20

Avon Products put buyer closes out long term trade

Avon Products put buyer closes out long term trade. Shares $3.18 with a large block on the PHLX where a trader sold 15K Jan 1.5 puts for a nickel. Appears to close half the 34K open interest, most of which were created in Jan 2018 when shares were near $2.50.

AVP Avon Products
$3.20

0.06 (1.91%)

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

ORCL

Oracle

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-0.38 (-0.72%)

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$134.22

-0.98 (-0.72%)

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$NSD

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$0.00

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$NYE

NYSE Market Internals

$0.00

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BK

BNY Mellon

$42.95

-0.27 (-0.62%)

13:15
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RIO

Rio Tinto

$59.44

-2.745 (-4.41%)

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AWK

American Water

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0.28 (0.24%)

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MAT

Mattel

$11.62

-0.435 (-3.61%)

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TEVA

Teva

$8.30

-0.045 (-0.54%)

13:01
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Z

Zillow

$45.36

-1.1 (-2.37%)

13:00
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Zillow put buyer opens new short-term position »

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MAT

Mattel

$11.62

-0.43 (-3.57%)

12:59
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CHS

Chico's

$3.24

0.14 (4.52%)

12:56
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CBAY

CymaBay

$7.00

-0.09 (-1.27%)

12:55
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CymaBay put volume heavy and directionally bearish »

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MAT

Mattel

$11.58

-0.47 (-3.90%)

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KKR

KKR

$23.93

0.57 (2.44%)

12:50
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CHS

Chico's

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CHS

Chico's

$3.25

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GIS

General Mills

$52.59

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BIDU

Baidu

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KR

Kroger

$23.62

-0.32 (-1.34%)

, DRI

Darden

$116.14

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KR

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DRI

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$116.14

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MDR

McDermott

$7.69

0.065 (0.85%)

12:35
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12:35
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ORCL

Oracle

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GME

GameStop

$5.65

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, ATVI

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ATVI

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NTDOY

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TTWO

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EA

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MSFT

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