Analysts’ Weekly Ratings Updates for Avery Dennison (AVY)

Several brokerages have updated their recommendations and price targets on shares of Avery Dennison (NYSE: AVY) in the last few weeks:

• 10/24/2024 – Avery Dennison had its price target lowered by analysts at BMO Capital Markets from $252.00 to $247.00. They now have an “outperform” rating on the stock.
• 10/24/2024 – Avery Dennison was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $210.00 price target on the stock, down previously from $230.00.
• 10/17/2024 – Avery Dennison was upgraded by analysts at Bank of America Co. from an “underperform” rating to a “buy” rating. They now have a $250.00 price target on the stock, up previously from $207.00.
• 10/7/2024 – Avery Dennison is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $250.00 price target on the stock.
• 10/2/2024 – Avery Dennison had its price target lowered by analysts at Citigroup Inc. from $241.00 to $240.00. They now have a “neutral” rating on the stock.
• 9/19/2024 – Avery Dennison had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $252.00 price target on the stock, down previously from $254.00.

Avery Dennison Stock Performance

Shares of AVY traded down $3.37 during mid-day trading on Thursday, hitting $204.28. 132,792 shares of the company’s stock were exchanged, compared to its average volume of 460,843. The company has a current ratio of 0.90, a quick ratio of 0.60 and a debt-to-equity ratio of 0.89. Avery Dennison Co. has a fifty-two week low of $165.21 and a fifty-two week high of $233.48. The business’s 50 day moving average is $217.00 and its two-hundred day moving average is $218.62. The firm has a market capitalization of $16.46 billion, a P/E ratio of 29.82, a P/E/G ratio of 1.78 and a beta of 0.88.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.01. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.20 billion. Avery Dennison had a return on equity of 33.44% and a net margin of 7.34%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the firm earned $2.10 EPS. On average, equities analysts expect that Avery Dennison Co. will post 9.41 earnings per share for the current year.

Insider Buying and Selling

In other Avery Dennison news, Chairman Mitchell R. Butier sold 3,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $202.95, for a total value of $608,850.00. Following the transaction, the chairman now directly owns 304,114 shares of the company’s stock, valued at approximately $61,719,936.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Avery Dennison news, Chairman Mitchell R. Butier sold 3,000 shares of Avery Dennison stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $202.95, for a total value of $608,850.00. Following the sale, the chairman now owns 304,114 shares of the company’s stock, valued at approximately $61,719,936.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Mitchell R. Butier sold 7,108 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $218.12, for a total value of $1,550,396.96. Following the transaction, the chairman now owns 304,114 shares in the company, valued at $66,333,345.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 59,108 shares of company stock valued at $12,545,087 over the last three months. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Avery Dennison

Hedge funds and other institutional investors have recently bought and sold shares of the business. Innealta Capital LLC acquired a new stake in shares of Avery Dennison in the second quarter valued at about $28,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Avery Dennison during the 2nd quarter valued at approximately $42,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Avery Dennison during the 2nd quarter worth approximately $51,000. Raleigh Capital Management Inc. grew its holdings in shares of Avery Dennison by 1,400.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 238 shares during the period. Finally, Palisade Asset Management LLC purchased a new position in Avery Dennison in the 1st quarter valued at approximately $64,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally. It provides pressure-sensitive materials comprising papers, plastic films, metal foils, and fabrics; performance tapes products, including tapes for wire harnessing, as well as cable wrapping for automotive, electrical, and general industrial applications; mechanical fasteners, which are precision-extruded and injection-molded plastic devices used in various automotive, general industrial, and retail applications; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, Yongle, and Avery Dennison brands.