Shares of Avon Products, Inc. (NYSE:AVP) have been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $4.32.

AVP has been the topic of several analyst reports. Zacks Investment Research raised shares of Avon Products from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research note on Tuesday, May 2nd. Stifel Nicolaus reaffirmed a “hold” rating on shares of Avon Products in a research note on Thursday, August 3rd. Deutsche Bank AG reaffirmed a “hold” rating and issued a $3.00 target price (down from $5.00) on shares of Avon Products in a research note on Friday, August 4th. DA Davidson initiated coverage on shares of Avon Products in a research note on Thursday, July 6th. They issued a “neutral” rating and a $4.25 target price on the stock. Finally, Royal Bank Of Canada decreased their target price 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.

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A number of hedge funds and other institutional investors have recently modified their holdings of AVP. Ontario Teachers Pension Plan Board increased its position in shares of Avon Products by 10.5% in the second quarter. Ontario Teachers Pension Plan Board now owns 1,392,298 shares of the company’s stock worth $5,291,000 after buying an additional 132,387 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Avon Products by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 7,705,471 shares of the company’s stock worth $29,280,000 after buying an additional 501,656 shares in the last quarter. Virtu KCG Holdings LLC increased its stake in Avon Products by 56.9% in the second quarter. Virtu KCG Holdings LLC now owns 409,800 shares of the company’s stock worth $1,557,000 after buying an additional 148,653 shares in the last quarter. Renaissance Technologies LLC increased its stake in Avon Products by 15.7% in the second quarter. Renaissance Technologies LLC now owns 6,632,000 shares of the company’s stock worth $25,202,000 after buying an additional 899,200 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in Avon Products by 73.7% in the second quarter. Quantbot Technologies LP now owns 138,915 shares of the company’s stock worth $527,000 after buying an additional 58,930 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Avon Products (AVP) opened at 2.77 on Friday. The company’s 50-day moving average is $3.51 and its 200-day moving average is $4.14. Avon Products has a 52-week low of $2.70 and a 52-week high of $6.96. The firm’s market capitalization is $1.22 billion.

Avon Products (NYSE:AVP) last issued its earnings results on Thursday, August 3rd. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.07 by $0.10. Avon Products had a negative return on equity of 3.68% and a negative net margin of 0.99%. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the firm earned $0.07 earnings per share. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. Analysts forecast that Avon Products will post $0.16 EPS for the current fiscal year.

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).

Analyst Recommendations for Avon Products (NYSE:AVP)

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