Avon Products (NYSE:AVP) was downgraded by investment analysts at Bank of America from a “neutral” rating to an “underperform” rating in a note issued to investors on Thursday, MarketBeat reports. They presently have a $2.50 price objective on the stock, down from their prior price objective of $3.00. Bank of America’s target price indicates a potential upside of 12.61% from the stock’s current price.
A number of other brokerages have also recently issued reports on AVP. Jefferies Group began coverage on shares of Avon Products in a research note on Wednesday, September 13th. They issued an “underperform” rating and a $2.20 price objective on the stock. Royal Bank of Canada reissued a “hold” rating and issued a $3.00 price objective on shares of Avon Products in a research note on Friday, October 13th. Zacks Investment Research raised shares of Avon Products from a “hold” rating to a “buy” rating and set a $2.50 price objective on the stock in a research note on Monday, October 23rd. ValuEngine raised shares of Avon Products from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Finally, DA Davidson reaffirmed a “hold” rating and set a $2.00 target price on shares of Avon Products in a research note on Tuesday, November 7th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $2.92.
Avon Products (NYSE AVP) opened at $2.22 on Thursday. The stock has a market cap of $952.60, a P/E ratio of -9.65, a P/E/G ratio of 2.37 and a beta of 1.81. The company has a debt-to-equity ratio of -2.31, a current ratio of 1.42 and a quick ratio of 0.97. Avon Products has a one year low of $1.85 and a one year high of $6.03.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Alpine Global Management LLC bought a new stake in shares of Avon Products during the second quarter worth $100,000. Shelton Capital Management bought a new stake in shares of Avon Products during the second quarter worth $122,000. PEAK6 Investments L.P. bought a new stake in shares of Avon Products during the third quarter worth $139,000. Bank of Montreal Can grew its stake in shares of Avon Products by 5.7% during the second quarter. Bank of Montreal Can now owns 40,376 shares of the company’s stock worth $153,000 after buying an additional 2,165 shares during the last quarter. Finally, Schroder Investment Management Group bought a new stake in shares of Avon Products during the third quarter worth $156,000. 82.38% of the stock is currently owned by hedge funds and other 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).
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