Avery Dennison (NYSE:AVY) had its price target lifted by Barclays from $135.00 to $140.00 in a research report issued on Monday. The firm presently has an “overweight” rating on the industrial products company’s stock. Barclays’ price objective indicates a potential upside of 19.78% from the company’s current price.

Several other brokerages have also commented on AVY. JPMorgan Chase & Co. lowered Avery Dennison from a “neutral” rating to an “underweight” rating and set a $113.00 price objective for the company. in a report on Thursday, February 1st. Zacks Investment Research upgraded Avery Dennison from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a report on Monday, January 22nd. UBS Group began coverage on Avery Dennison in a report on Thursday, January 18th. They set a “buy” rating and a $135.00 price objective for the company. Bank of America increased their price objective on Avery Dennison from $128.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, KeyCorp reiterated a “hold” rating on shares of Avery Dennison in a report on Monday, October 30th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $122.75.

Shares of Avery Dennison (AVY) opened at $116.88 on Monday. Avery Dennison has a twelve month low of $78.47 and a twelve month high of $123.67. The company has a current ratio of 1.13, a quick ratio of 0.83 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $10,290.00, a price-to-earnings ratio of 37.34, a PEG ratio of 2.71 and a beta of 1.20.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.25 by $0.08. Avery Dennison had a return on equity of 42.26% and a net margin of 4.26%. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the prior year, the business posted $0.99 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. sell-side analysts expect that Avery Dennison will post 5.88 earnings per share for the current year.

In related news, Director Peter K. Barker sold 2,000 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $114.76, for a total value of $229,520.00. Following the completion of the transaction, the director now owns 26,703 shares in the company, valued at approximately $3,064,436.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julia A. Stewart sold 4,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $108.42, for a total value of $433,680.00. The disclosure for this sale can be found here. Insiders sold a total of 16,855 shares of company stock valued at $1,866,802 in the last 90 days. 1.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of AVY. West Oak Capital LLC raised its stake in shares of Avery Dennison by 114.3% during the 4th quarter. West Oak Capital LLC now owns 1,500 shares of the industrial products company’s stock valued at $172,000 after buying an additional 800 shares during the last quarter. Focused Wealth Management Inc purchased a new position in shares of Avery Dennison during the 4th quarter valued at about $184,000. Univest Corp of Pennsylvania purchased a new position in shares of Avery Dennison during the 4th quarter valued at about $205,000. Meridian Investment Counsel Inc. purchased a new position in shares of Avery Dennison during the 4th quarter valued at about $206,000. Finally, Bank of Stockton purchased a new position in shares of Avery Dennison during the 4th quarter valued at about $206,000. Institutional investors own 85.62% of the company’s stock.

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Avery Dennison Company Profile

Avery Dennison Corporation (Avery Dennison) is engaged in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products. The Company’s segments include Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials (IHM).

Analyst Recommendations for Avery Dennison (NYSE:AVY)

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