Avon, Chesapeake: S&P Laggards

NEW YORK ( TheStreet) - Avon Products ( AVP) and Chesapeake Energy ( CHK) were among the worst-performers in the S&P 500 on Tuesday.

The S&P 500 lost 7.69 points, or 0.57%, to close at 1,330.66, its weakest finish since early February.

Shares of Avon dropped nearly 10% to $18.71 after Coty withdrew its $10.7 billion bid to buy Avon late Monday.

Avon shares trade at an estimated price-to-earnings ratio for next year of 15.51X; the average for personal product companies is 15.36X. For comparison, Colgate-Palmolive ( CL) has a higher forward P/E of 17.05X.

Twelve of the 16 analysts who cover Avon rate it at hold. Three analysts give the stock a buy rating and one rates it at sell.

The stock has risen 7.1% year to date.

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