Avon Products (NYSE:AVP) was downgraded by equities research analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research note issued to investors on Thursday. They presently have a $2.50 target price on the stock, down from their prior target price of $3.00. Bank of America’s price target indicates a potential upside of 13.12% from the stock’s current price.

AVP has been the topic of several other research reports. DA Davidson reiterated a “buy” rating and set a $2.00 price target on shares of Avon Products in a report on Monday, November 20th. Stifel Nicolaus reiterated a “hold” rating and set a $3.00 price target on shares of Avon Products in a report on Friday, November 3rd. Zacks Investment Research upgraded Avon Products from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a report on Monday, October 23rd. Jefferies Group lowered their price target on Avon Products from $2.20 to $1.75 and set an “underperform” rating on the stock in a report on Friday, November 3rd. Finally, ValuEngine upgraded Avon Products from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Avon Products has an average rating of “Hold” and an average price target of $2.86.

Avon Products (NYSE:AVP) opened at $2.21 on Thursday. The firm has a market cap of $972.39, a P/E ratio of -9.61, a P/E/G ratio of 2.41 and a beta of 1.81. The company has a current ratio of 1.42, a quick ratio of 0.97 and a debt-to-equity ratio of -2.31. Avon Products has a 52-week low of $1.85 and a 52-week high of $6.03.

Avon Products (NYSE:AVP) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.04). The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.41 billion. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 earnings per share. equities analysts expect that Avon Products will post -0.03 EPS for the current year.

Hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC acquired a new position in Avon Products during the second quarter valued at approximately $307,000. Systematic Financial Management LP grew its holdings in Avon Products by 21.7% during the third quarter. Systematic Financial Management LP now owns 572,790 shares of the company’s stock valued at $1,335,000 after purchasing an additional 102,010 shares during the last quarter. NJ State Employees Deferred Compensation Plan grew its stake in shares of Avon Products by 73.7% in the third quarter. NJ State Employees Deferred Compensation Plan now owns 165,000 shares of the company’s stock worth $385,000 after acquiring an additional 70,000 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Avon Products by 3.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 6,000,000 shares of the company’s stock worth $13,980,000 after acquiring an additional 200,000 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in shares of Avon Products in the second quarter worth $1,636,000. Institutional investors own 82.38% of the company’s stock.

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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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