Avon Products, Inc. (NYSE:AVP) had its target price trimmed by UBS AG from $3.50 to $2.75 in a research note issued to investors on Friday morning, 99wallstreet.com reports. The firm currently has a sell rating on the stock.

AVP has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Avon Products from a sell rating to a hold rating and set a $5.00 price target on the stock in a research report on Tuesday, April 18th. DA Davidson began coverage on shares of Avon Products in a research report on Thursday, July 6th. They set a neutral rating and a $4.25 price target on the stock. ValuEngine lowered shares of Avon Products from a hold rating to a sell rating in a research report on Friday, June 2nd. Deutsche Bank AG restated a hold rating and set a $3.00 price target (down from $5.00) on shares of Avon Products in a research report on Friday. Finally, Royal Bank Of Canada lowered their price target on shares of Avon Products from $4.00 to $3.00 and set a sector perform rating on the stock in a research report on Friday. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $4.50.

Shares of Avon Products (NYSE AVP) traded up 1.220% during mid-day trading on Friday, hitting $2.905. 2,779,283 shares of the stock traded hands. The firm has a 50 day moving average of $3.65 and a 200 day moving average of $4.26. The company’s market cap is $1.28 billion. Avon Products has a 12 month low of $2.77 and a 12 month high of $6.96.

Avon Products (NYSE:AVP) last posted its quarterly earnings results on Thursday, August 3rd. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by $0.10. The business 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 business’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 earnings per share. Equities analysts anticipate that Avon Products will post $0.18 EPS for the current fiscal year.

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Institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of 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 increased its position in shares of Avon Products by 881.2% in the first quarter. FMR LLC now owns 9,318,749 shares of the company’s stock worth $41,003,000 after buying an additional 8,369,024 shares during the period. Bank of New York Mellon Corp increased its position in shares of 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 purchased a new position in shares of Avon Products during the fourth quarter worth approximately $12,897,000. Finally, Teachers Advisors LLC increased its position in shares of 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. 87.24% of the stock is currently owned by 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)

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