Avery Dennison (NYSE:AVY) had its price objective increased by BMO Capital Markets to $114.00 in a note issued to investors on Monday, February 4th, The Fly reports. The firm presently has a “market perform” rating on the industrial products company’s stock. BMO Capital Markets’ price target indicates a potential upside of 3.91% from the company’s current price.
A number of other equities analysts also recently weighed in on AVY. Zacks Investment Research raised shares of Avery Dennison from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. Loop Capital set a $124.00 price target on shares of Avery Dennison and gave the stock a “buy” rating in a report on Thursday, October 11th. ValuEngine downgraded shares of Avery Dennison from a “hold” rating to a “sell” rating in a report on Friday, October 26th. UBS Group set a $125.00 price target on shares of Avery Dennison and gave the stock a “buy” rating in a report on Friday, January 18th. Finally, Barclays cut their price target on shares of Avery Dennison from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Monday, October 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Avery Dennison currently has a consensus rating of “Buy” and an average target price of $119.50.
AVY traded up $1.67 during mid-day trading on Monday, reaching $109.71. 1,208,015 shares of the stock were exchanged, compared to its average volume of 679,563. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.15 and a quick ratio of 0.83. The company has a market capitalization of $9.51 billion, a price-to-earnings ratio of 18.10, a P/E/G ratio of 2.33 and a beta of 1.36. Avery Dennison has a 1 year low of $82.89 and a 1 year high of $117.62.
Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Wednesday, January 30th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.02. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.79 billion. Avery Dennison had a net margin of 6.53% and a return on equity of 52.22%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.33 EPS. As a group, equities analysts anticipate that Avery Dennison will post 6.57 EPS for the current year.
In other news, Director Peter K. Barker sold 2,000 shares of the stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $104.51, for a total transaction of $209,020.00. Following the completion of the sale, the director now owns 29,769 shares of the company’s stock, valued at $3,111,158.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Julia A. Stewart sold 5,027 shares of the stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $104.19, for a total value of $523,763.13. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Boston Partners purchased a new stake in Avery Dennison in the fourth quarter worth $116,916,000. JPMorgan Chase & Co. lifted its stake in Avery Dennison by 55.8% in the third quarter. JPMorgan Chase & Co. now owns 1,810,315 shares of the industrial products company’s stock worth $196,147,000 after acquiring an additional 648,126 shares during the period. Fenimore Asset Management Inc. lifted its stake in Avery Dennison by 334.8% in the fourth quarter. Fenimore Asset Management Inc. now owns 538,284 shares of the industrial products company’s stock worth $48,354,000 after acquiring an additional 414,489 shares during the period. Fiduciary Management Inc. WI lifted its stake in Avery Dennison by 48.8% in the third quarter. Fiduciary Management Inc. WI now owns 1,208,908 shares of the industrial products company’s stock worth $130,985,000 after acquiring an additional 396,245 shares during the period. Finally, First Trust Advisors LP lifted its stake in Avery Dennison by 397.0% in the fourth quarter. First Trust Advisors LP now owns 312,695 shares of the industrial products company’s stock worth $28,089,000 after acquiring an additional 249,779 shares during the period. 84.44% of the stock is owned by hedge funds and other institutional investors.
Avery Dennison Company Profile
Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. 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. It also offers durable cast and reflective films.
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