Avon Products (NYSE:AVP) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Separately, Jefferies Financial Group upgraded Avon Products from an “underperform” rating to a “hold” rating and set a $1.75 target price for the company in a report on Wednesday, July 18th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Avon Products currently has an average rating of “Hold” and a consensus target price of $2.47.

Shares of Avon Products stock traded up $0.21 during midday trading on Tuesday, reaching $2.29. 17,202,300 shares of the company’s stock traded hands, compared to its average volume of 5,354,775. The company has a quick ratio of 0.81, a current ratio of 1.29 and a debt-to-equity ratio of -1.79. The company has a market cap of $893.54 million, a PE ratio of 38.17, a P/E/G ratio of 1.80 and a beta of 1.31. Avon Products has a 12 month low of $1.38 and a 12 month high of $2.99.

Avon Products (NYSE:AVP) last announced its earnings results on Thursday, August 2nd. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.39 billion. Avon Products had a net margin of 0.83% and a negative return on equity of 9.10%. Avon Products’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.03) EPS. research analysts anticipate that Avon Products will post 0.09 earnings per share for the current year.

In other news, Director James A. Mitarotonda acquired 500,000 shares of the firm’s stock in a transaction on Thursday, August 9th. The stock was acquired at an average price of $1.82 per share, for a total transaction of $910,000.00. Following the completion of the acquisition, the director now owns 8,333 shares in the company, valued at $15,166.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James A. Mitarotonda acquired 100,000 shares of the firm’s stock in a transaction on Monday, August 13th. The stock was purchased at an average price of $1.69 per share, with a total value of $169,000.00. Following the acquisition, the director now owns 8,333 shares of the company’s stock, valued at approximately $14,082.77. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of AVP. Rhumbline Advisers raised its holdings in Avon Products by 71.4% in the first quarter. Rhumbline Advisers now owns 623,982 shares of the company’s stock worth $1,772,000 after purchasing an additional 259,989 shares in the last quarter. Comerica Bank grew its stake in shares of Avon Products by 37.0% in the first quarter. Comerica Bank now owns 447,943 shares of the company’s stock worth $1,263,000 after acquiring an additional 121,066 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of Avon Products by 7.4% in the first quarter. Prudential Financial Inc. now owns 2,403,981 shares of the company’s stock worth $6,827,000 after acquiring an additional 166,290 shares during the last quarter. Swiss National Bank grew its stake in shares of Avon Products by 6.6% in the first quarter. Swiss National Bank now owns 765,900 shares of the company’s stock worth $2,175,000 after acquiring an additional 47,500 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Avon Products by 5.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 3,129,877 shares of the company’s stock worth $8,889,000 after acquiring an additional 154,845 shares during the last quarter. Institutional investors and hedge funds own 77.16% of the company’s stock.

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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Analyst Recommendations for Avon Products (NYSE:AVP)

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