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.
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).
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