Avon Products, Inc. (AVP) Receives Average Recommendation of “Hold” from Analysts

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.

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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.

Avon Products (NYSE:AVP) last issued its quarterly earnings data on Thursday, February 15th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.60 billion. Avon Products had a negative return on equity of 6.19% and a net margin of 0.38%. The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $0.01 EPS. equities analysts forecast that Avon Products will post 0.18 earnings per share for the current year.

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).

Analyst Recommendations for Avon Products (NYSE:AVP)

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