Avon Products, Inc. (NYSE:AVP) has received an average rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $4.32.

A number of research analysts have issued reports on AVP shares. Zacks Investment Research downgraded Avon Products from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 9th. Royal Bank Of Canada decreased their price target on Avon Products from $4.00 to $3.00 and set a “sector perform” rating for the company in a report on Friday, August 4th. Stifel Nicolaus reissued a “hold” rating on shares of Avon Products in a report on Thursday, August 3rd. Deutsche Bank AG reissued a “hold” rating and issued a $3.00 price target (down from $5.00) on shares of Avon Products in a report on Friday, August 4th. Finally, ValuEngine downgraded Avon Products from a “hold” rating to a “sell” rating in a report on Friday, August 4th.

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Avon Products (NYSE AVP) opened at 2.77 on Friday. The firm’s 50-day moving average is $3.51 and its 200 day moving average is $4.14. Avon Products has a 1-year low of $2.70 and a 1-year high of $6.96. The company’s market cap is $1.22 billion.

Avon Products (NYSE:AVP) last released its earnings results 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 return on equity of 3.68% and a negative net margin of 0.99%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the firm earned $0.07 EPS. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. Analysts predict that Avon Products will post $0.16 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Avon Products by 14,920.7% in the first quarter. BlackRock Inc. now owns 46,294,214 shares of the company’s stock worth $203,696,000 after buying an additional 45,986,012 shares during the period. FMR LLC boosted its stake in Avon Products by 219.8% in the second quarter. FMR LLC now owns 29,804,223 shares of the company’s stock worth $113,256,000 after buying an additional 20,485,474 shares during the period. Bank of New York Mellon Corp boosted its stake in Avon Products by 44.7% in the first quarter. Bank of New York Mellon Corp now owns 18,164,379 shares of the company’s stock worth $79,923,000 after buying an additional 5,611,575 shares during the period. Norges Bank acquired a new stake in Avon Products during the fourth quarter worth approximately $12,897,000. Finally, Teachers Advisors LLC boosted its stake in Avon Products by 223.7% in the fourth quarter. Teachers Advisors LLC now owns 2,273,528 shares of the company’s stock worth $11,459,000 after buying an additional 1,571,089 shares during the period. Institutional investors and hedge funds 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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