Avon Products, Inc. (NYSE:AVP) has been assigned an average rating of “Buy” from the five brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $3.62.

AVP has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a report on Thursday, May 9th. DA Davidson downgraded shares of Avon Products from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $4.75 to $3.60 in a research note on Thursday, May 23rd. Finally, Citigroup upped their price objective on shares of from GBX 1,300 ($16.99) to GBX 1,450 ($18.95) and gave the company a “buy” rating in a research note on Friday, June 21st.

Shares of NYSE AVP traded up $0.02 on Tuesday, hitting $3.97. The company’s stock had a trading volume of 5,362,995 shares, compared to its average volume of 7,696,544. Avon Products has a 12-month low of $1.30 and a 12-month high of $4.10. The stock has a market cap of $1.76 billion, a P/E ratio of 132.33, a price-to-earnings-growth ratio of 3.05 and a beta of 1.79. The company has a 50 day simple moving average of $3.88.

Avon Products (NYSE:AVP) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. Avon Products had a negative net margin of 0.60% and a negative return on equity of 6.45%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. The company’s revenue for the quarter was down 14.8% compared to the same quarter last year. Equities analysts anticipate that Avon Products will post 0.17 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new position in Avon Products during the fourth quarter worth approximately $10,763,000. JGP Global Gestao de Recursos Ltda. purchased a new position in Avon Products during the second quarter worth approximately $10,476,000. SPX Equities Gestao de Recursos Ltda purchased a new position in Avon Products during the second quarter worth approximately $8,340,000. Acadian Asset Management LLC raised its stake in Avon Products by 56.3% during the first quarter. Acadian Asset Management LLC now owns 4,091,157 shares of the company’s stock worth $12,029,000 after purchasing an additional 1,472,884 shares during the period. Finally, HAP Trading LLC raised its stake in Avon Products by 1,502.6% during the first quarter. HAP Trading LLC now owns 740,388 shares of the company’s stock worth $2,177,000 after purchasing an additional 694,188 shares during the period. 73.36% of the stock is currently owned by institutional investors and hedge funds.

About Avon Products

Avon Products, Inc manufactures and markets beauty and related products in Europe, the Middle East, Africa, south Latin America, north Latin America, and the Asia Pacific. The company offers beauty products, including skincare, fragrance, and color cosmetics; and fashion and home products, such as fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children's products, and nutritional products.

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