Avon Products (NYSE:AVP) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Other equities research analysts also recently issued reports about the stock. DA Davidson reiterated a “buy” rating and set a $2.00 price target on shares of Avon Products in a report on Monday, November 20th. Zacks Investment Research cut shares of Avon Products from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Stifel Nicolaus reissued a “hold” rating and issued a $3.00 target price on shares of Avon Products in a research report on Friday, November 3rd. Jefferies Group decreased their target price on shares of Avon Products from $2.20 to $1.75 and set an “underperform” rating on the stock in a research report on Friday, November 3rd. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $3.00 target price on shares of Avon Products in a research report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. Avon Products currently has an average rating of “Hold” and a consensus target price of $2.91.

Avon Products (NYSE AVP) traded up $0.07 during trading hours on Friday, reaching $2.05. 3,648,150 shares of the company’s stock traded hands, compared to its average volume of 4,077,643. 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 has a 52-week low of $1.85 and a 52-week high of $6.03.

Avon Products (NYSE:AVP) last posted its earnings results on Thursday, November 2nd. The company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the business posted $0.02 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. research analysts forecast that Avon Products will post -0.03 EPS for the current year.

Hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC purchased a new stake in shares of Avon Products during the second quarter valued at approximately $307,000. Retirement Systems of Alabama increased its stake in shares of Avon Products by 0.5% in the second quarter. Retirement Systems of Alabama now owns 567,032 shares of the company’s stock worth $2,155,000 after buying an additional 2,854 shares during the last quarter. NJ State Employees Deferred Compensation Plan increased its stake in shares of Avon Products by 73.7% in the third quarter. NJ State Employees Deferred Compensation Plan now owns 165,000 shares of the company’s stock worth $385,000 after buying an additional 70,000 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Avon Products by 3.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 6,000,000 shares of the company’s stock worth $13,980,000 after buying an additional 200,000 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in shares of Avon Products in the second quarter worth $1,636,000. 81.80% of the stock is currently owned by hedge funds and other 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).

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Analyst Recommendations for Avon Products (NYSE:AVP)

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