Avon Products, Inc. (NYSE:AVP) shares gapped up before the market opened on Tuesday . The stock had previously closed at $2.15, but opened at $2.18. Avon Products shares last traded at $2.18, with a volume of 1445806 shares.

Several analysts recently issued reports on the company. Zacks Investment Research raised Avon Products from a “strong sell” rating to a “hold” rating in a report on Monday, January 8th. ValuEngine raised Avon Products from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Jefferies Group cut 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. Bank of America downgraded Avon Products from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $3.00 to $2.50 in a report on Thursday, January 4th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $3.00 price target on shares of Avon Products in a report on Friday, November 3rd. Three 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 stock. Avon Products presently has an average rating of “Hold” and an average target price of $2.86.

The company has a debt-to-equity ratio of -2.31, a quick ratio of 0.97 and a current ratio of 1.42. The company has a market cap of $950.40, a PE ratio of -8.80, a P/E/G ratio of 2.43 and a beta of 1.77.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Avon Products by 169.0% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 51,362 shares of the company’s stock valued at $114,000 after acquiring an additional 32,268 shares during the period. Shelton Capital Management acquired a new stake in Avon Products in the 2nd quarter valued at approximately $122,000. PEAK6 Investments L.P. acquired a new stake in Avon Products in the 3rd quarter valued at approximately $139,000. Schroder Investment Management Group acquired a new stake in Avon Products in the 3rd quarter valued at approximately $156,000. Finally, Engineers Gate Manager LP acquired a new stake in Avon Products in the 4th quarter valued at approximately $210,000. Hedge funds and other institutional investors own 83.21% 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).

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