DA Davidson lowered shares of Avon Products (NYSE:AVP) from a buy rating to a neutral rating in a research note published on Thursday, The Fly reports. The firm currently has $3.60 price target on the stock, down from their previous price target of $4.75.

A number of other analysts have also recently commented on the company. Zacks Investment Research upgraded Avon Products from a strong sell rating to a hold rating in a research report on Tuesday, February 19th. TheStreet cut Avon Products from a c rating to a d rating in a research report on Friday, February 15th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Avon Products presently has an average rating of Buy and an average target price of $2.87.

Avon Products stock opened at $3.60 on Thursday. The firm has a market cap of $1.42 billion, a P/E ratio of 120.00, a PEG ratio of 2.46 and a beta of 2.21. Avon Products has a one year low of $1.30 and a one year high of $3.98.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC increased its position in Avon Products by 25.7% in the first quarter. Commonwealth Equity Services LLC now owns 17,009 shares of the company’s stock worth $50,000 after buying an additional 3,475 shares in the last quarter. Mason Street Advisors LLC grew its position in shares of Avon Products by 3.4% during the first quarter. Mason Street Advisors LLC now owns 142,089 shares of the company’s stock worth $418,000 after purchasing an additional 4,713 shares in the last quarter. Blair William & Co. IL grew its position in shares of Avon Products by 17.4% during the first quarter. Blair William & Co. IL now owns 34,525 shares of the company’s stock worth $102,000 after purchasing an additional 5,125 shares in the last quarter. LS Investment Advisors LLC grew its position in shares of Avon Products by 5.0% during the first quarter. LS Investment Advisors LLC now owns 106,924 shares of the company’s stock worth $314,000 after purchasing an additional 5,133 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of Avon Products by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 314,255 shares of the company’s stock worth $478,000 after purchasing an additional 6,911 shares in the last quarter. Institutional investors and hedge funds own 71.70% of the company’s stock.

Avon Products Company Profile

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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