Shares of Avery Dennison Co. (NYSE:AVY – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $209.80.
A number of equities research analysts have recently commented on the company. Raymond James dropped their target price on Avery Dennison from $208.00 to $194.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. UBS Group dropped their target price on Avery Dennison from $207.00 to $189.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Jefferies Financial Group initiated coverage on shares of Avery Dennison in a research note on Tuesday, April 22nd. They issued a “hold” rating and a $175.00 price target on the stock. Citigroup decreased their price target on shares of Avery Dennison from $228.00 to $202.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, Robert W. Baird decreased their price target on shares of Avery Dennison from $220.00 to $210.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th.
Check Out Our Latest Research Report on Avery Dennison
Insider Activity
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in AVY. Norges Bank acquired a new position in Avery Dennison during the fourth quarter worth approximately $188,643,000. GAMMA Investing LLC increased its holdings in shares of Avery Dennison by 19,370.0% in the first quarter. GAMMA Investing LLC now owns 428,730 shares of the industrial products company’s stock valued at $76,301,000 after purchasing an additional 426,528 shares during the period. DAVENPORT & Co LLC increased its holdings in shares of Avery Dennison by 905.0% in the first quarter. DAVENPORT & Co LLC now owns 324,095 shares of the industrial products company’s stock valued at $57,503,000 after purchasing an additional 291,848 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Avery Dennison in the fourth quarter valued at approximately $51,521,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of Avery Dennison by 12.9% in the fourth quarter. Ameriprise Financial Inc. now owns 2,185,732 shares of the industrial products company’s stock valued at $409,014,000 after purchasing an additional 250,359 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.
Avery Dennison Stock Performance
Shares of AVY stock opened at $170.39 on Friday. The firm has a market capitalization of $13.38 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 2.07 and a beta of 0.85. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.08 and a quick ratio of 0.73. The business has a fifty day moving average of $176.25 and a 200 day moving average of $189.11. Avery Dennison has a 1 year low of $157.00 and a 1 year high of $233.48.
Avery Dennison (NYSE:AVY – Get Free Report) last issued its earnings results on Wednesday, April 23rd. The industrial products company reported $2.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.02). The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Avery Dennison had a return on equity of 33.06% and a net margin of 8.05%. The business’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the business earned $2.29 EPS. As a group, research analysts expect that Avery Dennison will post 9.96 earnings per share for the current year.
Avery Dennison Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.21%. This is a boost from Avery Dennison’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, June 4th. Avery Dennison’s dividend payout ratio (DPR) is 43.32%.
Avery Dennison Company Profile
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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