Avon Products (AVP) Raised to Hold at ValuEngine
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.
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).
To view ValuEngine’s full report, visit ValuEngine’s official website.
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