Avery Dennison Co. (NYSE:AVY) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Avery Dennison Co. (NYSE:AVYGet Rating) have earned an average recommendation of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $205.57.

AVY has been the subject of a number of recent research reports. StockNews.com raised shares of Avery Dennison from a “hold” rating to a “buy” rating in a research report on Thursday, July 28th. UBS Group reduced their price target on shares of Avery Dennison from $195.00 to $180.00 in a research report on Wednesday, July 13th.

Insider Buying and Selling

In related news, Director Anthony Anderson sold 2,800 shares of the business’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $178.82, for a total value of $500,696.00. Following the completion of the sale, the director now owns 1,374 shares of the company’s stock, valued at approximately $245,698.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Avery Dennison

Several institutional investors and hedge funds have recently added to or reduced their stakes in AVY. HighTower Advisors LLC boosted its stake in Avery Dennison by 0.8% during the 4th quarter. HighTower Advisors LLC now owns 12,139 shares of the industrial products company’s stock worth $2,631,000 after purchasing an additional 95 shares during the last quarter. Bank of Montreal Can boosted its stake in Avery Dennison by 21.5% during the 4th quarter. Bank of Montreal Can now owns 133,847 shares of the industrial products company’s stock worth $29,295,000 after purchasing an additional 23,723 shares during the last quarter. Ensign Peak Advisors Inc boosted its stake in Avery Dennison by 122.9% during the 4th quarter. Ensign Peak Advisors Inc now owns 40,475 shares of the industrial products company’s stock worth $8,765,000 after purchasing an additional 22,320 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Avery Dennison by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 588,086 shares of the industrial products company’s stock worth $127,363,000 after purchasing an additional 13,220 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Avery Dennison by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 1,524,097 shares of the industrial products company’s stock worth $329,200,000 after purchasing an additional 17,936 shares during the last quarter. Hedge funds and other institutional investors own 90.21% of the company’s stock.

Avery Dennison Stock Performance

Shares of Avery Dennison stock opened at $173.37 on Monday. The firm has a market capitalization of $14.09 billion, a P/E ratio of 18.95, a PEG ratio of 2.49 and a beta of 0.97. The company has a quick ratio of 0.65, a current ratio of 0.98 and a debt-to-equity ratio of 1.29. The company has a 50 day moving average price of $185.74 and a 200 day moving average price of $175.40. Avery Dennison has a 52 week low of $151.62 and a 52 week high of $229.24.

Avery Dennison (NYSE:AVYGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The industrial products company reported $2.64 EPS for the quarter, beating the consensus estimate of $2.37 by $0.27. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.33 billion. Avery Dennison had a net margin of 8.48% and a return on equity of 40.75%. Avery Dennison’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the firm posted $2.25 EPS. Sell-side analysts expect that Avery Dennison will post 9.93 EPS for the current year.

Avery Dennison Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 21st. Investors of record on Wednesday, September 7th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Tuesday, September 6th. Avery Dennison’s payout ratio is presently 32.79%.

Avery Dennison Company Profile

(Get Rating)

Avery Dennison Corporation manufactures and markets pressure-sensitive materials and products in the United States, Europe, Asia, Latin America, and internationally. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands, as well as durable cast and reflective films.

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Analyst Recommendations for Avery Dennison (NYSE:AVY)

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