Avon Products, Inc. (NYSE:AVP)‘s stock had its “hold” rating reissued by stock analysts at Stifel Nicolaus in a research report issued to clients and investors on Wednesday. They presently have a $4.00 target price on the stock, down from their previous target price of $4.50. Stifel Nicolaus’ price target points to a potential upside of 36.05% from the company’s current price.

Several other research analysts have also recently issued reports on the stock. ValuEngine cut shares of Avon Products from a “hold” rating to a “sell” rating in a report on Friday, August 4th. UBS AG cut their target price on shares of Avon Products from $3.50 to $2.75 and set a “sell” rating on the stock in a report on Friday, August 4th. Deutsche Bank AG restated a “hold” rating and issued a $3.00 target price (down previously from $5.00) on shares of Avon Products in a report on Friday, August 4th. Royal Bank Of Canada cut their price target on shares of Avon Products from $4.00 to $3.00 and set a “sector perform” rating on the stock in a report on Friday, August 4th. Finally, Zacks Investment Research cut shares of Avon Products from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $4.44.

Avon Products (AVP) opened at 2.94 on Wednesday. The firm’s market cap is $1.29 billion. The stock has a 50 day moving average of $3.61 and a 200-day moving average of $4.24. Avon Products has a 12 month low of $2.84 and a 12 month high of $6.96.

Avon Products (NYSE:AVP) last issued its earnings results on Thursday, August 3rd. The company reported ($0.03) earnings per share (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 the consensus estimate of $1.44 billion. During the same quarter in the prior year, the business posted $0.07 EPS. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities research analysts predict that Avon Products will post $0.17 earnings per share for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in the stock. Two Sigma Securities LLC raised its position in shares of Avon Products by 1.9% in the first quarter. Two Sigma Securities LLC now owns 22,824 shares of the company’s stock valued at $100,000 after buying an additional 420 shares in the last quarter. Acrospire Investment Management LLC raised its position in shares of Avon Products by 33.7% in the first quarter. Acrospire Investment Management LLC now owns 24,036 shares of the company’s stock valued at $106,000 after buying an additional 6,058 shares in the last quarter. Point View Wealth Management Inc. raised its position in shares of Avon Products by 4.0% in the first quarter. Point View Wealth Management Inc. now owns 25,485 shares of the company’s stock valued at $112,000 after buying an additional 981 shares in the last quarter. Oakbrook Investments LLC raised its position in shares of Avon Products by 2.5% in the second quarter. Oakbrook Investments LLC now owns 32,500 shares of the company’s stock valued at $124,000 after buying an additional 800 shares in the last quarter. Finally, Parametrica Management Ltd raised its position in shares of Avon Products by 119.7% in the first quarter. Parametrica Management Ltd now owns 29,338 shares of the company’s stock valued at $129,000 after buying an additional 15,985 shares in the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

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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