Brokerages Set Avery Dennison Co. (NYSE:AVY) Price Target at $228.50

Avery Dennison Co. (NYSE:AVYGet Free Report) has been given a consensus rating of “Moderate Buy” by the ten research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $228.50.

Several research analysts have issued reports on the company. StockNews.com raised Avery Dennison from a “hold” rating to a “buy” rating in a report on Monday, April 22nd. Raymond James reaffirmed an “outperform” rating and set a $240.00 target price (up from $225.00) on shares of Avery Dennison in a research report on Thursday, April 25th. Citigroup increased their price target on Avery Dennison from $223.00 to $234.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Robert W. Baird boosted their price objective on Avery Dennison from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of Avery Dennison from $218.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th.

View Our Latest Stock Report on Avery Dennison

Avery Dennison Stock Down 0.2 %

NYSE AVY opened at $225.07 on Friday. The company has a market capitalization of $18.13 billion, a P/E ratio of 32.86, a PEG ratio of 3.46 and a beta of 0.91. Avery Dennison has a 12 month low of $158.93 and a 12 month high of $228.15. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.87 and a quick ratio of 0.58. The company’s 50 day simple moving average is $217.35 and its 200 day simple moving average is $203.69.

Avery Dennison Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.56%. The ex-dividend date is Wednesday, June 5th. This is a boost from Avery Dennison’s previous quarterly dividend of $0.81. Avery Dennison’s payout ratio is 51.39%.

Insider Transactions at Avery Dennison

In other Avery Dennison news, insider Ryan D. Yost sold 1,400 shares of Avery Dennison stock in a transaction on Monday, March 11th. The shares were sold at an average price of $213.29, for a total transaction of $298,606.00. Following the completion of the sale, the insider now owns 2,843 shares of the company’s stock, valued at approximately $606,383.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Chairman Mitchell R. Butier sold 8,168 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $217.36, for a total value of $1,775,396.48. Following the transaction, the chairman now owns 321,487 shares in the company, valued at $69,878,414.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan D. Yost sold 1,400 shares of Avery Dennison stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $213.29, for a total transaction of $298,606.00. Following the completion of the sale, the insider now owns 2,843 shares of the company’s stock, valued at $606,383.47. The disclosure for this sale can be found here. Insiders sold 17,462 shares of company stock valued at $3,801,019 over the last three months. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Avery Dennison in the third quarter worth $32,000. Milestone Investment Advisors LLC bought a new position in Avery Dennison during the third quarter valued at about $36,000. VisionPoint Advisory Group LLC acquired a new stake in Avery Dennison in the 4th quarter worth approximately $42,000. Anchor Investment Management LLC bought a new stake in shares of Avery Dennison during the 4th quarter worth $42,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Avery Dennison by 164.4% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 267 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 166 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Company Profile

(Get Free Report

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.

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