Avon Products, Inc. (AVP) Receives Average Rating of “Hold” from Brokerages

Shares of Avon Products, Inc. (NYSE:AVP) have received a consensus rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $2.96.

A number of equities research analysts recently weighed in on the stock. ValuEngine raised shares of Avon Products from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. DA Davidson reaffirmed a “buy” rating and set a $2.00 price objective on shares of Avon Products in a research report on Monday, November 20th. Zacks Investment Research downgraded shares of Avon Products from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Stifel Nicolaus reaffirmed a “hold” rating and set a $3.00 price objective on shares of Avon Products in a research report on Friday, November 3rd. Finally, Jefferies Group lowered their price objective on shares of Avon Products from $2.20 to $1.75 and set an “underperform” rating for the company in a research report on Friday, November 3rd.

Shares of Avon Products (AVP) opened at $2.11 on Friday. The company has a debt-to-equity ratio of -2.31, a quick ratio of 0.97 and a current ratio of 1.42. Avon Products has a 1 year low of $1.85 and a 1 year high of $6.03.

Avon Products (NYSE:AVP) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.41 billion. During the same period in the prior year, the company earned $0.02 EPS. Avon Products’s quarterly revenue was up .7% on a year-over-year basis. sell-side analysts forecast that Avon Products will post -0.03 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new position in Avon Products during the 3rd quarter valued at about $420,000. California Public Employees Retirement System boosted its stake in Avon Products by 17.5% during the 3rd quarter. California Public Employees Retirement System now owns 2,667,867 shares of the company’s stock valued at $6,216,000 after purchasing an additional 396,639 shares during the period. Cubist Systematic Strategies LLC boosted its stake in Avon Products by 70.9% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 137,894 shares of the company’s stock valued at $321,000 after purchasing an additional 57,214 shares during the period. Highbridge Capital Management LLC boosted its stake in Avon Products by 2.7% during the 3rd quarter. Highbridge Capital Management LLC now owns 1,766,677 shares of the company’s stock valued at $4,117,000 after purchasing an additional 47,043 shares during the period. Finally, PEAK6 Investments L.P. acquired a new position in Avon Products during the 3rd quarter valued at about $139,000. 82.53% of the stock is 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).

Analyst Recommendations for Avon Products (NYSE:AVP)

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