ValuEngine Upgrades Avon Products (AVP) to Hold
Avon Products (NYSE:AVP) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Friday.
Other analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Avon Products from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 9th. UBS reduced their price target on shares of Avon Products from $3.50 to $2.75 and set a “sell” rating for the company in a research note on Friday, August 4th. Royal Bank Of Canada reduced their price target on shares of Avon Products from $4.00 to $3.00 and set a “sector perform” rating for the company in a research note on Friday, August 4th. Deutsche Bank reaffirmed a “hold” rating and issued a $3.00 price target (down from $5.00) on shares of Avon Products in a research note on Friday, August 4th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $4.00 price target (down from $4.50) on shares of Avon Products in a research note on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Avon Products presently has a consensus rating of “Hold” and an average target price of $2.91.
Shares of Avon Products (NYSE AVP) traded up $0.07 during trading hours on Friday, hitting $2.05. 3,648,150 shares of the stock were exchanged, compared to its average volume of 4,077,643. Avon Products has a 12 month low of $1.85 and a 12 month high of $6.03. The company has a quick ratio of 0.97, a current ratio of 1.42 and a debt-to-equity ratio of -2.31.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alpine Global Management LLC bought a new stake in shares of Avon Products in the 2nd quarter worth approximately $100,000. Shelton Capital Management bought a new stake in shares of Avon Products in the 2nd quarter worth approximately $122,000. LS Investment Advisors LLC raised its holdings in shares of Avon Products by 17.5% in the 2nd quarter. LS Investment Advisors LLC now owns 35,108 shares of the company’s stock worth $133,000 after purchasing an additional 5,217 shares in the last quarter. PEAK6 Investments L.P. bought a new stake in shares of Avon Products in the 3rd quarter worth approximately $139,000. Finally, Bank of Montreal Can raised its holdings in shares of Avon Products by 5.7% in the 2nd quarter. Bank of Montreal Can now owns 40,376 shares of the company’s stock worth $153,000 after purchasing an additional 2,165 shares in the last quarter. Institutional investors and hedge funds own 81.80% of the company’s stock.
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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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