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.

Avon Products (NYSE:AVP) last issued its quarterly earnings results 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). The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. Avon Products had a negative return on equity of 3.68% and a negative net margin of 1.40%. The company’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company posted $0.02 earnings per share. equities analysts forecast that Avon Products will post -0.03 earnings per share for the current year.

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).

Analyst Recommendations for Avon Products (NYSE:AVP)

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