Avon Products Inc (NYSE:AVP) Had Its Target Cut by 14.29% at Citigroup to $6.00

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Citigroup Analyst Rating Change Avon Products Inc. NYSE:AVP

Avon Products Inc (NYSE:AVP) Price Target Change

In analysts report shared with investors and clients by Citigroup on Sunday, 8 March, Avon Products Inc (NYSE:AVP) had its TP cut to $6.00. The firm at present has “Neutral” rating on the stock.

After (NYSE:AVP) target downgrade, the stock is at the moment trading 2.90% higher at $5.67 as of 08:37 New York time. Avon Products Inc.’s stock is up 21.22% over the past 200 days. It has outperformed the S&P 500, which has added 12.04% over the same time.

Out of 10 brokers covering Avon Products Inc., 1 rate it a Buy, 11 indicate a Hold while 0 suggest a Sell. The highest target is $13 and the lowest is $5 according to Thomson/First Call. The 12-month mean target is $7.5, which means upside potential of 32.28% over the current price.

Institutional Ownership

Royal Capital Management Llc had the largest stake with ownership of 245,000 shares as of Q1 2015 for 4.74% of the stock exposure. Poplar Forest Capital Llc is another bull as the investment manager who is having 4.57 million shares of Avon Products Inc. or 2.67% of their stock exposure. Furthermore, Shah Capital Management have 1.8% of their stock exposure invested in the company for 257,917 shares. The Nebraska-based fund Weitz Investment Management Inc. revealed it had bought so far a stake worth about 1.49% of the investment manager’s stock portfolio in Avon Products Inc.. The Texas-based fund Yacktman Asset Management Lp is also positive about the stock, possessing 6.90M shares or 1.32% of their stock exposure.

Avon Products Inc (NYSE:AVP) Profile

Avon Products IncAvon Products, Inc. is a manufacturer and marketer of beauty and related products. The Company’s offers its products under two product categories: Beauty and Fashion & Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics).

Avon Products Inc (NYSE:AVP) traded up 2.90% on 8 March, hitting $5.67. A total of 49 shares of the company’s stock traded hands. This is down from average of 7.38M shares. Avon Products Inc. has a 52 week low of $5.16 and a 52 week high of $14.26. The company has a market cap of $2.47 billion and a P/E ratio of 0.

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