Royal Bank Of Canada reissued their hold rating on shares of Avon Products, Inc. (NYSE:AVP) in a research report report published on Friday morning. The firm currently has a $3.00 price objective on the stock.

Several other research analysts also recently issued reports on AVP. Zacks Investment Research raised Avon Products from a strong sell rating to a hold rating in a research note on Wednesday, July 5th. DA Davidson initiated coverage on Avon Products in a research note on Thursday, July 6th. They set a neutral rating and a $4.25 price target for the company. Stifel Nicolaus reaffirmed a hold rating on shares of Avon Products in a research note on Thursday, August 3rd. Deutsche Bank AG reaffirmed a hold rating and set a $3.00 price target (down previously from $5.00) on shares of Avon Products in a research note on Friday, August 4th. Finally, UBS AG cut their price target on Avon Products from $3.50 to $2.75 and set a sell rating for the company in a research note on Friday, August 4th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Avon Products presently has a consensus rating of Hold and a consensus target price of $3.49.

Shares of Avon Products (AVP) opened at 2.40 on Friday. Avon Products has a 12 month low of $2.24 and a 12 month high of $6.96. The stock has a 50 day moving average of $2.44 and a 200-day moving average of $3.37. The firm’s market capitalization is $1.06 billion.

Avon Products (NYSE:AVP) last released its quarterly earnings results on Thursday, August 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.10). The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.44 billion. Avon Products had a negative return on equity of 3.68% and a negative net margin of 0.99%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the firm earned $0.07 EPS. On average, equities research analysts anticipate that Avon Products will post $0.14 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Watch List News and is the property of of Watch List News. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://www.watchlistnews.com/avon-products-avp-hold-rating-reiterated-at-royal-bank-of-canada/1635390.html.

Hedge funds have recently made changes to their positions in the stock. Two Sigma Securities LLC raised its stake in Avon Products by 1.9% in the 1st quarter. Two Sigma Securities LLC now owns 22,824 shares of the company’s stock valued at $100,000 after purchasing an additional 420 shares during the last quarter. Alpine Global Management LLC acquired a new position in Avon Products in the 2nd quarter valued at about $100,000. Shelton Capital Management acquired a new position in Avon Products in the 2nd quarter valued at about $122,000. Oakbrook Investments LLC raised its stake in Avon Products by 2.5% in the 2nd quarter. Oakbrook Investments LLC now owns 32,500 shares of the company’s stock valued at $124,000 after purchasing an additional 800 shares during the last quarter. Finally, LS Investment Advisors LLC raised its stake in Avon Products by 17.5% in the 2nd quarter. LS Investment Advisors LLC now owns 35,108 shares of the company’s stock valued at $133,000 after purchasing an additional 5,217 shares during the last quarter. 84.24% of the stock is owned by hedge funds and other institutional investors.

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)

Receive News & Ratings for Avon Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avon Products Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.