Avon Products Inc (NYSE:AVP) Gets an Upgrade to a “Neutral” Rating


Avon Products Inc (NYSE:AVP) Stock Upgrade

Avon Products Inc (NYSE:AVP)’s stock was increased to a solid “Buy” by investment advisers at Sterne Agee CRT. AVP’s past “Neutral” rating is has been discontinued by the brokerage firm.

From a total of 10 analysts covering Avon Products Inc. (NYSE:AVP) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $10 while the lowest target price is $2.5. The mean of all analyst targets is $4.97 with a 59.69% above today’s ($3.87) stock price. Avon Products Inc. was the topic of 9 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Citigroup maintained shares on December 5 with “Buy” rating. UBS maintained shares with “Neutral” rating and $5.50 target share price in a report from a July 31. B. Riley & Co maintained AVP stock in a recent report from November 5 with “Neutral” rating.

The stock decreased 3.97% or $0.16 during the last trading session, striking $3.87. Approximately 21.10 million shares of stock traded hands or 63.19% up from the average. Avon Products, Inc. (NYSE:AVP) has declined 42.10% since May 15, 2015 and is downtrending. It has underperformed by 38.29% the S&P500.

The overall sentiment of institutions has increased to 0.99 in Q2 2015. Its up 0.27, from 0.72 in 2015Q2. The ratio improved, as 43 institutions have sold all the shares of Avon Products, Inc. that they owned while 100 funds have taken shares off the table. 30 funds have purchased shares for the first time while 112 added to their positions. These institutions now hold 442.22 million shares or 1.44% more than the 435.94 million shares they owned in 2015Q2.

The Fund Shah Capital Management currently is holding shares equating to 9.42% of its total portfolio in Avon Products, Inc. representing a total of 2.81 million shares. Another fund,Royal Capital Management Llc, is holding a total of 427,500 shares equating to 3.73% of their holdings. Additionally, Mcglinn Capital Management Inc has a 128,100 share stake in Avon Products, Inc. which represents 1.26% of their total portfolio. The Fund, Pergamon Offshore Advisors L.P., based out of New York, has also built up a stake in the stock, which represents a total of 1.16% of their total portfolio. Finally North Run Capital Lp, a fund which is based in the state of Massachusetts reported a total holdings of 3.54 million shares.

Avon Products, Inc. is a manufacturer and marketer of beauty and related products. The company has a market cap of $1.76 billion. The Company’s offers its products under two product categories: Beauty and Fashion & Home. It currently has negative earnings. Beauty consists of skincare , fragrance and color (cosmetics).

According to Zacks Investment Research, “Avon Products, Inc. is one of the world’s leading manufacturers and marketers of beauty and related products, which include cosmetics, fragrance and toiletries; beauty plus which consists of jewelry and accessories and apparel; and non-core which consists of gift and decorative and home entertainment products.”