Avon Products (NYSE:AVP) Lifted to “Hold” at ValuEngine

Avon Products (NYSE:AVP) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Friday, December 1st.

AVP has been the subject of several other research reports. Stifel Nicolaus reissued a “hold” rating and issued a $4.00 price target (down previously from $4.50) on shares of Avon Products in a research note on Wednesday, August 9th. Zacks Investment Research cut Avon Products from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. DA Davidson reaffirmed a “buy” rating and set a $2.00 target price on shares of Avon Products in a research note on Monday, November 20th. UBS decreased their target price on Avon Products from $3.50 to $2.75 and set a “sell” rating for the company in a research note on Friday, August 4th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $3.00 price target on shares of Avon Products in a report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Avon Products presently has a consensus rating of “Hold” and a consensus price target of $2.91.

Shares of Avon Products (AVP) opened at $2.09 on Friday. Avon Products has a 1 year low of $1.85 and a 1 year high of $6.03. The company has a debt-to-equity ratio of -2.31, a quick ratio of 0.97 and a current ratio of 1.42.

Avon Products (NYSE:AVP) last issued its earnings results on Thursday, November 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the company earned $0.02 EPS. Avon Products’s revenue for the quarter was up .7% on a year-over-year basis. research analysts anticipate that Avon Products will post -0.03 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of AVP. Alpine Global Management LLC bought a new position in shares of Avon Products in the second quarter valued at approximately $100,000. Shelton Capital Management bought a new stake in Avon Products during the second quarter worth $122,000. LS Investment Advisors LLC lifted its holdings in Avon Products by 17.5% during the second quarter. LS Investment Advisors LLC now owns 35,108 shares of the company’s stock worth $133,000 after acquiring an additional 5,217 shares during the period. PEAK6 Investments L.P. bought a new stake in Avon Products during the third quarter worth $139,000. Finally, Bank of Montreal Can lifted its holdings in Avon Products by 5.7% during the second quarter. Bank of Montreal Can now owns 40,376 shares of the company’s stock worth $153,000 after acquiring an additional 2,165 shares during the period. Institutional investors own 82.53% of the company’s stock.

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About Avon Products

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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Analyst Recommendations for Avon Products (NYSE:AVP)

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