Stifel Nicolaus reiterated their hold rating on shares of Avon Products, Inc. (NYSE:AVP) in a research report report published on Wednesday morning. They currently have a $4.00 target price on the stock, down from their previous target price of $4.50.

A number of other brokerages have also recently commented on AVP. Zacks Investment Research cut Avon Products from a buy rating to a hold rating in a research note on Friday, April 28th. DA Davidson began coverage on Avon Products in a research note on Thursday, July 6th. They issued a neutral rating and a $4.25 price objective for the company. ValuEngine cut Avon Products from a hold rating to a sell rating in a research note on Friday, June 2nd. UBS AG dropped their target price on Avon Products from $3.50 to $2.75 and set a sell rating on the stock in a report on Friday, August 4th. Finally, 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. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $4.44.

Avon Products (AVP) traded down 0.36% during midday trading on Wednesday, reaching $2.77. The company’s stock had a trading volume of 2,721,702 shares. The firm’s market cap is $1.22 billion. The firm has a 50 day moving average of $3.51 and a 200 day moving average of $4.14. Avon Products has a 52-week low of $2.70 and a 52-week high of $6.96.

Avon Products (NYSE:AVP) last announced its quarterly earnings data on Thursday, August 3rd. The company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.10. Avon Products had a negative net margin of 0.99% and a negative return on equity of 3.68%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the business posted $0.07 EPS. The company’s revenue was down 2.7% on a year-over-year basis. Analysts anticipate that Avon Products will post $0.16 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of AVP. Canada Pension Plan Investment Board raised its position in Avon Products by 65.5% in the first quarter. Canada Pension Plan Investment Board now owns 863,810 shares of the company’s stock worth $3,801,000 after buying an additional 341,800 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Avon Products by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 153,153 shares of the company’s stock worth $674,000 after buying an additional 2,100 shares in the last quarter. NJ State Employees Deferred Compensation Plan raised its position in Avon Products by 533.3% in the first quarter. NJ State Employees Deferred Compensation Plan now owns 95,000 shares of the company’s stock worth $418,000 after buying an additional 80,000 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Avon Products by 8.3% in the first quarter. State of New Jersey Common Pension Fund D now owns 5,200,000 shares of the company’s stock worth $22,880,000 after buying an additional 400,000 shares during the period. Finally, Shah Capital Management raised its stake in shares of Avon Products by 5.8% in the first quarter. Shah Capital Management now owns 3,266,908 shares of the company’s stock worth $14,374,000 after buying an additional 178,804 shares during the period. Institutional investors own 87.24% of the company’s stock.

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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