Avery Dennison Corporation (NYSE:AVY) Receives $204.36 Consensus Price Target from Analysts

Shares of Avery Dennison Corporation (NYSE:AVY) have received an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $204.3636.

A number of research firms have recently weighed in on AVY. Weiss Ratings reiterated a “hold (c)” rating on shares of Avery Dennison in a report on Monday, December 29th. Truist Financial increased their target price on shares of Avery Dennison from $213.00 to $234.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. UBS Group upgraded shares of Avery Dennison from a “neutral” rating to a “buy” rating and lifted their price target for the company from $181.00 to $218.00 in a research report on Thursday, October 23rd. Argus set a $200.00 price objective on shares of Avery Dennison in a report on Tuesday, October 28th. Finally, Citigroup lifted their target price on shares of Avery Dennison from $180.00 to $188.00 and gave the company a “neutral” rating in a report on Tuesday, January 6th.

Avery Dennison Trading Down 1.1%

AVY opened at $184.85 on Monday. The stock has a market capitalization of $14.29 billion, a PE ratio of 21.03, a P/E/G ratio of 3.14 and a beta of 1.00. Avery Dennison has a one year low of $156.23 and a one year high of $194.75. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.89 and a current ratio of 1.26. The business’s 50 day moving average price is $180.80 and its 200 day moving average price is $173.94.

Hedge Funds Weigh In On Avery Dennison

A number of hedge funds and other institutional investors have recently bought and sold shares of AVY. Steigerwald Gordon & Koch Inc. purchased a new stake in Avery Dennison during the third quarter worth about $29,000. Vermillion & White Wealth Management Group LLC grew its holdings in shares of Avery Dennison by 89.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 80 shares in the last quarter. Bartlett & CO. Wealth Management LLC increased its stake in Avery Dennison by 16,900.0% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock worth $31,000 after buying an additional 169 shares during the period. NewSquare Capital LLC lifted its holdings in Avery Dennison by 156.2% during the 2nd quarter. NewSquare Capital LLC now owns 187 shares of the industrial products company’s stock worth $33,000 after buying an additional 114 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Avery Dennison in the second quarter worth $35,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

About Avery Dennison

Avery Dennison (NYSE:AVY) is a global materials science and manufacturing company specializing in labeling and packaging solutions. The company develops pressure-sensitive materials, tags and labels, and adhesive technologies that help brands and businesses enhance product identification, branding and supply-chain performance. Avery Dennison’s offerings range from industrial and retail labeling to high-performance tapes, films and graphics materials used across multiple end markets.

The company operates through several key segments, including Label and Graphic Materials, which supplies pressure-sensitive materials for consumer goods; Retail Branding and Information Solutions, offering apparel tags, RFID inlays and digital product identification; Pressure-Sensitive Materials, providing specialty tapes and adhesives; and RF Technologies, focused on advanced RFID and IoT labeling solutions.