Avon Products, Inc. (NYSE:AVP) was upgraded by research analysts at Piper Jaffray from a “neutral” rating to an “overweight” rating in a report released on Friday, The Fly reports. The brokerage currently has a $5.00 price objective on the stock. Piper Jaffray’s price objective suggests a potential upside of 79.86% from the company’s current price.

A hedge fund recently raised its stake in Avon Products stock. Shah Capital Management boosted its position in Avon Products, Inc. (NYSE:AVP) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,928,549 shares of the company’s stock after buying an additional 116,745 shares during the period. Avon Products makes up 11.0% of Shah Capital Management’s investment portfolio, making the stock its 3rd largest position. Shah Capital Management owned approximately 0.67% of Avon Products worth $11,860,000 as of its most recent SEC filing.

Other equities research analysts have also issued research reports about the company. Citigroup Inc. reduced their price target on Avon Products from $6.00 to $5.00 in a research report on Wednesday, January 13th. Deutsche Bank reiterated a “buy” rating and issued a $10.00 price target on shares of Avon Products in a research report on Sunday, November 8th. Vetr lowered Avon Products from a “strong-buy” rating to a “buy” rating and set a $3.62 price target on the stock. in a research report on Tuesday, December 1st. Sterne Agee CRT upgraded Avon Products from a “neutral” rating to a “buy” rating and set a $6.00 price target on the stock in a research report on Friday, December 18th. Finally, Zacks Investment Research upgraded Avon Products from a “strong sell” rating to a “buy” rating and set a $4.50 price target on the stock in a research report on Tuesday, January 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Avon Products presently has an average rating of “Buy” and a consensus target price of $6.90.

Avon Products (NYSE:AVP) traded up 6.51% on Friday, reaching $2.78. The company’s stock had a trading volume of 11,460,916 shares. The firm’s 50-day moving average price is $3.52 and its 200 day moving average price is $4.12. Avon Products has a 52-week low of $2.21 and a 52-week high of $9.47. The company’s market cap is $1.21 billion.

Avon 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 (NYSE:AVP), fragrance and color (cosmetics). Fashion & Home consists of fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children’s products and nutritional products. The Company’s segments are -based on geographic operations and include commercial business units in Latin America; Europe, Middle East & Africa; North America, and Asia Pacific. The Company’s business is conducted primarily in one channel, direct selling. The Company has sales operations in 60 countries and territories, including the United States, and distributed its products in 41 other countries and territories.

12 Month Chart for NYSE:AVP

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