Avon Products (NYSE:AVP)‘s stock had its “sector perform” rating reiterated by analysts at Royal Bank of Canada in a report released on Friday, February 16th. They currently have a $2.00 target price on the stock. Royal Bank of Canada’s price target would suggest a potential downside of 28.32% from the company’s previous close.
Several other research analysts have also commented on AVP. DA Davidson restated a “hold” rating and set a $2.00 price target on shares of Avon Products in a research report on Tuesday, November 7th. Jefferies Group set a $2.00 price target on Avon Products and gave the stock a “sell” rating in a research report on Thursday, February 15th. Zacks Investment Research upgraded Avon Products from a “strong sell” rating to a “hold” rating in a research report on Monday, January 8th. Stifel Nicolaus restated a “hold” rating and set a $3.00 price target on shares of Avon Products in a research report on Friday, November 3rd. Finally, Bank of America lowered Avon Products from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $3.00 to $2.50 in a research report on Thursday, January 4th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $2.47.
Avon Products (AVP) traded up $0.02 during mid-day trading on Friday, reaching $2.79. The company’s stock had a trading volume of 2,746,131 shares, compared to its average volume of 3,735,865. 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 $1,230.00, a PE ratio of -46.50, a price-to-earnings-growth 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.
Large investors have recently added to or reduced their stakes in the stock. Shelton Capital Management purchased a new position in Avon Products in the second quarter valued at $122,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in 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 purchasing an additional 32,268 shares during the period. Verition Fund Management LLC boosted its holdings in Avon Products by 27.3% in the second quarter. Verition Fund Management LLC now owns 58,058 shares of the company’s stock valued at $221,000 after purchasing an additional 12,437 shares during the period. PEAK6 Investments L.P. purchased a new position in Avon Products in the third quarter valued at $139,000. Finally, Xact Kapitalforvaltning AB purchased a new position in Avon Products in the fourth quarter valued at $136,000. Hedge funds and other institutional investors own 83.62% of the company’s stock.
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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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