Shares of Avon Products, Inc. (NYSE:AVP) gapped down before the market opened on Tuesday . The stock had previously closed at $2.06, but opened at $2.01. Avon Products shares last traded at $2.00, with a volume of 2334706 shares traded.

AVP has been the subject of several research reports. TheStreet upgraded shares of Avon Products from a “d” rating to a “c-” rating in a research note on Friday, November 2nd. ValuEngine cut shares of Avon Products from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. DA Davidson upgraded shares of Avon Products from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $1.75 to $3.50 in a research note on Monday, September 24th. Zacks Investment Research upgraded shares of Avon Products from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Finally, Jefferies Financial Group upgraded shares of Avon Products from an “underperform” rating to a “hold” rating and set a $1.75 price objective for the company in a research note on Wednesday, July 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $2.63.

The company has a market cap of $889.14 million, a P/E ratio of 33.33, a P/E/G ratio of 2.55 and a beta of 1.38.

Avon Products (NYSE:AVP) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. Avon Products had a net margin of 2.61% and a negative return on equity of 7.67%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the business posted $0.03 EPS. The business’s quarterly revenue was up .5% compared to the same quarter last year. Analysts predict that Avon Products, Inc. will post 0.05 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Investec Asset Management LTD lifted its stake in shares of Avon Products by 104.9% in the 2nd quarter. Investec Asset Management LTD now owns 13,295,042 shares of the company’s stock valued at $21,538,000 after purchasing an additional 6,805,784 shares during the period. Millennium Management LLC lifted its stake in shares of Avon Products by 97.2% in the 2nd quarter. Millennium Management LLC now owns 8,251,494 shares of the company’s stock valued at $13,367,000 after purchasing an additional 4,066,931 shares during the period. BlackRock Inc. lifted its stake in shares of Avon Products by 8.5% in the 2nd quarter. BlackRock Inc. now owns 41,350,428 shares of the company’s stock valued at $66,988,000 after purchasing an additional 3,228,492 shares during the period. First Washington CORP acquired a new position in shares of Avon Products in the 3rd quarter valued at $5,321,000. Finally, General American Investors Co. Inc. acquired a new position in shares of Avon Products in the 3rd quarter valued at $5,247,000. Institutional investors and hedge funds own 78.01% of the company’s stock.

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Avon Products Company Profile (NYSE:AVP)

Avon Products, Inc manufactures and markets beauty and related products in Europe, the Middle East, Africa, south Latin America, north Latin America, and the Asia Pacific. The company offers beauty products, including skincare, fragrance, and color cosmetics; and fashion and home products, such as fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children's products, and nutritional products.

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