Avon Products, Inc. (AVP) Given Average Recommendation of “Hold” by Brokerages
Shares of Avon Products, Inc. (NYSE:AVP) have received an average recommendation of “Hold” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $2.53.
AVP has been the subject of several research analyst reports. ValuEngine raised Avon Products from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Citigroup reduced their target price on Avon Products from $3.50 to $3.00 and set a “buy” rating for the company in a research note on Friday, May 4th. Zacks Investment Research raised Avon Products from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Deutsche Bank upped their target price on Avon Products from $2.00 to $3.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $2.00 target price on shares of Avon Products in a research note on Friday, February 16th.
Shares of Avon Products traded down $0.06, hitting $1.49, during trading hours on Friday, MarketBeat Ratings reports. 332,546 shares of the company’s stock were exchanged, compared to its average volume of 4,457,445. The company has a debt-to-equity ratio of -2.18, a current ratio of 1.23 and a quick ratio of 0.83. The company has a market cap of $697.85 million, a price-to-earnings ratio of 24.83, a PEG ratio of 1.05 and a beta of 1.33. Avon Products has a fifty-two week low of $1.54 and a fifty-two week high of $3.89.
In related news, CEO Jan Zijderveld bought 250,000 shares of the company’s stock in a transaction on Tuesday, May 15th. The stock was bought at an average cost of $1.93 per share, for a total transaction of $482,500.00. Following the acquisition, the chief executive officer now directly owns 250,000 shares in the company, valued at $482,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Calero Miguel Angel Fernandez bought 100,000 shares of the company’s stock in a transaction on Wednesday, May 16th. The stock was bought at an average price of $1.89 per share, with a total value of $189,000.00. Following the completion of the acquisition, the insider now owns 100,000 shares in the company, valued at $189,000. The disclosure for this purchase can be found here. Insiders have purchased 1,031,742 shares of company stock valued at $1,975,876 over the last quarter. 0.72% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of AVP. BlackRock Inc. grew its holdings in Avon Products by 39.7% in the 1st quarter. BlackRock Inc. now owns 38,121,936 shares of the company’s stock valued at $108,265,000 after buying an additional 10,834,803 shares in the last quarter. Investec Asset Management LTD grew its holdings in shares of Avon Products by 54.4% during the 4th quarter. Investec Asset Management LTD now owns 12,369,917 shares of the company’s stock worth $26,595,000 after purchasing an additional 4,359,067 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Avon Products by 47.6% during the 4th quarter. Renaissance Technologies LLC now owns 11,914,500 shares of the company’s stock worth $25,616,000 after purchasing an additional 3,842,800 shares during the period. Brookfield Asset Management Inc. purchased a new position in shares of Avon Products during the 1st quarter worth $6,248,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Avon Products by 20.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,882,732 shares of the company’s stock worth $28,067,000 after purchasing an additional 1,705,275 shares during the period. Institutional investors own 81.67% 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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