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Why is Avon gaining so much in price?

Why is Avon gaining so much in price?
Asked by
Nick Robinson categorie-icon time-icon2 months ago
1 Answer Answer Question

Ilija Rankovic
Answered time-icon2 months ago

Avon Products (AVP) is having quite a good streak indeed. The company is benefiting steadily (in terms of both growth and revenues) from its “Open Up Avon” business strategy, which is the main driver at the moment. Backed by this strategy, Avon delivered solid earnings results for the Q1 2019, which have surpassed the Zacks Consensus Estimate as well as outperformed the previous year’s quarter. 

Avon stock has been on quite a good path price wise. Shares of Avon stock have gained 58.1% in the past year. This clearly outperformed the price gain of 12.2% of the industry that Avon is in.

Avon Products stock currently has a Zacks Rank #3 (Hold), which is by no means a bad rating.

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