Avon Products, Inc. (NYSE:AVP)‘s stock had its “hold” rating restated by equities research analysts at Deutsche Bank AG in a research note issued to investors on Friday, Marketbeat reports. They currently have a $3.00 price objective on the stock, down from their previous price objective of $5.00. Deutsche Bank AG’s target price suggests a potential upside of 4.53% from the stock’s previous close.

A number of other equities research analysts also recently commented on AVP. Stifel Nicolaus reaffirmed a “hold” rating on shares of Avon Products in a research report on Thursday. Royal Bank Of Canada lowered their price objective on Avon Products from $4.00 to $3.00 and set a “sector perform” rating for the company in a research report on Friday. DA Davidson began coverage on Avon Products in a research report on Thursday, July 6th. They issued a “neutral” rating and a $4.25 price objective for the company. Zacks Investment Research raised Avon Products from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, ValuEngine downgraded Avon Products from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $4.50.

Shares of Avon Products (AVP) traded down 4.33% during trading on Friday, hitting $2.87. The stock had a trading volume of 10,507,952 shares. The company’s market cap is $1.26 billion. Avon Products has a 12-month low of $2.84 and a 12-month high of $6.96. The stock’s 50 day moving average is $3.65 and its 200-day moving average is $4.26.

Avon Products (NYSE:AVP) last announced its quarterly earnings data on Thursday, August 3rd. The company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.10. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Avon Products had a negative net margin of 0.99% and a negative return on equity of 3.68%. Avon Products’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 EPS. Analysts forecast that Avon Products will post $0.22 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ruffer LLP purchased a new position in shares of Avon Products during the first quarter worth $218,000. Americafirst Capital Management LLC purchased a new position in shares of Avon Products during the first quarter worth $689,000. Highbridge Capital Management LLC purchased a new position in shares of Avon Products during the fourth quarter worth $335,000. Acrospire Investment Management LLC boosted its position in shares of Avon Products by 33.7% in the first quarter. Acrospire Investment Management LLC now owns 24,036 shares of the company’s stock worth $106,000 after buying an additional 6,058 shares during the last quarter. Finally, Dynamic Capital Management Ltd boosted its position in shares of Avon Products by 565.6% in the first quarter. Dynamic Capital Management Ltd now owns 185,384 shares of the company’s stock worth $816,000 after buying an additional 157,531 shares during the last quarter. Hedge funds and other institutional investors own 86.89% of the company’s stock.

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).

Analyst Recommendations for Avon Products (NYSE:AVP)

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