Avon Products (AVP) Upgraded to Hold by ValuEngine

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

Other equities research analysts have also recently issued research reports about the stock. UBS cut their price target on shares of Avon Products from $3.50 to $2.75 and set a “sell” rating on the stock in a report on Friday, August 4th. Deutsche Bank reissued a “hold” rating and issued a $3.00 price objective (down previously from $5.00) on shares of Avon Products in a report on Friday, August 4th. Royal Bank of Canada dropped their price objective on shares of Avon Products from $4.00 to $3.00 and set a “sector perform” rating for the company in a report on Friday, August 4th. Stifel Nicolaus reissued a “hold” rating on shares of Avon Products in a report on Thursday, August 3rd. Finally, Zacks Investment Research lowered shares of Avon Products from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $2.91.

Avon Products (NYSE:AVP) traded up $0.15 during trading hours on Friday, hitting $2.13. The company had a trading volume of 4,764,300 shares, compared to its average volume of 5,768,968. The company has a debt-to-equity ratio of -2.31, a current ratio of 1.42 and a quick ratio of 0.97. Avon Products has a fifty-two week low of $1.85 and a fifty-two week high of $6.03.

Avon Products (NYSE:AVP) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.04). Avon Products had a negative net margin of 1.40% and a negative return on equity of 3.68%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business earned $0.02 EPS. The company’s revenue for the quarter was up .7% compared to the same quarter last year. research analysts expect that Avon Products will post -0.03 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Alpine Global Management LLC purchased a new stake in shares of Avon Products during the 2nd quarter worth about $100,000. Shelton Capital Management bought a new position in Avon Products in the 2nd quarter valued at $122,000. LS Investment Advisors LLC raised its position in Avon Products by 17.5% in the 2nd quarter. LS Investment Advisors LLC now owns 35,108 shares of the company’s stock valued at $133,000 after purchasing an additional 5,217 shares during the last quarter. PEAK6 Investments L.P. bought a new position in Avon Products in the 3rd quarter valued at $139,000. Finally, Bank of Montreal Can raised its position in Avon Products by 5.7% in the 2nd quarter. Bank of Montreal Can now owns 40,376 shares of the company’s stock valued at $153,000 after purchasing an additional 2,165 shares during the last quarter. 82.53% of the stock is owned by institutional investors.

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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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Avon Products (NYSE:AVP)

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