Revlon (NYSE:REV) Rating Increased to Buy at ValuEngine

Revlon (NYSE:REV) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday, ValuEngine reports.

Shares of NYSE REV traded down $3.63 during mid-day trading on Friday, hitting $20.76. The stock had a trading volume of 143,731 shares, compared to its average volume of 129,543. The firm has a market cap of $1.28 billion, a P/E ratio of -5.63 and a beta of 0.32. The business has a 50 day moving average price of $24.72 and a two-hundred day moving average price of $21.25. Revlon has a 1 year low of $13.58 and a 1 year high of $29.62.

Revlon (NYSE:REV) last released its quarterly earnings results on Friday, November 8th. The company reported ($0.71) earnings per share for the quarter, beating the consensus estimate of ($0.83) by $0.12. The company had revenue of $596.80 million during the quarter, compared to the consensus estimate of $641.90 million. The business’s revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 EPS. On average, sell-side analysts predict that Revlon will post -3.02 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP boosted its holdings in Revlon by 49.5% in the second quarter. GSA Capital Partners LLP now owns 27,610 shares of the company’s stock valued at $534,000 after acquiring an additional 9,147 shares in the last quarter. Aperio Group LLC bought a new stake in shares of Revlon during the 2nd quarter valued at $86,000. Alberta Investment Management Corp boosted its holdings in shares of Revlon by 15.6% during the 2nd quarter. Alberta Investment Management Corp now owns 1,259,600 shares of the company’s stock valued at $24,348,000 after buying an additional 170,000 shares in the last quarter. Coatue Management LLC bought a new stake in shares of Revlon during the 2nd quarter valued at $202,000. Finally, Captrust Financial Advisors boosted its holdings in shares of Revlon by 120.7% during the 2nd quarter. Captrust Financial Advisors now owns 7,770 shares of the company’s stock valued at $150,000 after buying an additional 4,250 shares in the last quarter. Institutional investors and hedge funds own 13.06% of the company’s stock.

About Revlon

Revlon, Inc, through its subsidiaries, develops, manufactures, markets, distributes, and sells beauty and personal care products worldwide. The company's Relvon segment offers color cosmetics and beauty tools under the Revlon brand; and hair color under the Revlon ColorSilk and Revlon Professional brands.

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