ValuEngine upgraded shares of Avon Products (NYSE:AVP) from a sell rating to a hold rating in a research report released on Friday.
Several other research firms have also weighed in on AVP. Stifel Nicolaus reissued a hold rating and set a $3.00 price objective on shares of Avon Products in a research note on Friday, November 3rd. Royal Bank Of Canada reduced their price objective on shares of Avon Products from $4.00 to $3.00 and set a sector perform rating on the stock in a research note on Friday, August 4th. Zacks Investment Research raised shares of Avon Products from a hold rating to a buy rating and set a $2.50 price objective on the stock in a research note on Monday, October 23rd. Deutsche Bank reissued a hold rating and set a $3.00 price objective (down previously from $5.00) on shares of Avon Products in a research note on Friday, August 4th. Finally, Jefferies Group reduced their price objective on shares of Avon Products from $2.20 to $1.75 and set an underperform rating on the stock in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $2.91.
Avon Products (NYSE AVP) opened at $2.08 on Friday. Avon Products has a one year low of $1.85 and a one year high of $6.03. The company has a quick ratio of 0.97, a current ratio of 1.42 and a debt-to-equity ratio of -2.31.
Avon Products (NYSE:AVP) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.04). Avon Products had a negative return on equity of 3.68% and a negative net margin of 1.40%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the business earned $0.02 EPS. The firm’s revenue was up .7% compared to the same quarter last year. equities research analysts expect that Avon Products will post -0.03 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the business. Alpine Global Management LLC acquired a new stake in Avon Products during the 2nd quarter worth approximately $100,000. Shelton Capital Management acquired a new stake in Avon Products during the 2nd quarter worth approximately $122,000. LS Investment Advisors LLC raised its holdings in Avon Products by 17.5% during the 2nd quarter. LS Investment Advisors LLC now owns 35,108 shares of the company’s stock worth $133,000 after buying an additional 5,217 shares during the period. PEAK6 Investments L.P. acquired a new stake in Avon Products during the 3rd quarter worth approximately $139,000. Finally, Bank of Montreal Can raised its holdings in Avon Products by 5.7% during the 2nd quarter. Bank of Montreal Can now owns 40,376 shares of the company’s stock worth $153,000 after buying an additional 2,165 shares during the period. Hedge funds and other institutional investors own 81.72% of the company’s stock.
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Avon Products Company Profile
Avon Products, Inc is a manufacturer and marketer of beauty and related products. The Company’s segments include Europe, Middle East & Africa; South Latin America; North Latin America, and Asia Pacific. Its product categories are Beauty, and Fashion and Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics).
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