Shares of Avon Products, Inc. (NYSE:AVP) have earned an average recommendation of “Hold” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $2.46.
A number of analysts have commented on the company. Jefferies Group set a $2.00 price objective on Avon Products and gave the stock a “sell” rating in a report on Thursday, February 15th. Zacks Investment Research raised Avon Products from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th. ValuEngine raised Avon Products from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Deutsche Bank boosted their price objective on Avon Products from $2.00 to $3.00 and gave the stock a “hold” rating in a report on Friday, February 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $2.00 target price on shares of Avon Products in a report on Friday, February 16th.
AVP traded down $0.03 during midday trading on Friday, reaching $2.84. 3,530,111 shares of the company were exchanged, compared to its average volume of 6,667,220. The company has a debt-to-equity ratio of -2.62, a quick ratio of 1.05 and a current ratio of 1.43. The firm has a market capitalization of $1,250.66, a P/E ratio of 47.33, a P/E/G ratio of 1.25 and a beta of 1.57. Avon Products has a one year low of $1.85 and a one year high of $4.89.
Hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Avon Products by 169.0% in the fourth 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 in the last quarter. PEAK6 Investments L.P. bought a new position in shares of Avon Products in the third quarter valued at approximately $139,000. Xact Kapitalforvaltning AB bought a new position in shares of Avon Products in the fourth quarter valued at approximately $136,000. Schroder Investment Management Group bought a new position in shares of Avon Products in the third quarter valued at approximately $156,000. Finally, Caption Management LLC bought a new position in shares of Avon Products in the fourth quarter valued at approximately $161,000. 83.61% of the stock is owned by institutional investors.
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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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