Avery Dennison (NYSE: AVY) recently received a number of ratings updates from brokerages and research firms:

  • 2/12/2018 – Avery Dennison was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating.
  • 2/6/2018 – Avery Dennison was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Avery Dennison's top and bottom line witnessed year-over-year improvement and beat the respective Zacks Consensus Estimate. The company guided earnings per share range of $5.70-$5.95 for fiscal 2018. The midpoint of the range reflects year-over-year growth of 17%. The company expects organic sales growth of 4% for the fiscal 2018. Focus on productivity, acquisitions, aggressive cost control and share repurchases will drive the company's results. Moreover, its consistent execution of strategies continues to enhance competitive advantage while driving profitable growth. Avery Dennison's shares have outperformed the industry over a year's time. However, modest sequential inflation in raw material costs will dent first quarter 2018 margins. Also higher debt levels, weak margins in the Industrial and Healthcare Materials segment remain concerns. “
  • 2/5/2018 – Avery Dennison was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $132.00 price target on the stock. According to Zacks, “Avery Dennison's top and bottom line witnessed year-over-year improvement and beat the respective Zacks Consensus Estimate. The company guided earnings per share range of $5.70-$5.95 for fiscal 2018. The midpoint of the range reflects year-over-year growth of 17%. The company expects organic sales growth of 4% for the fiscal 2018. Roughly half of its sales are now linked to either any or both of its presence in emerging markets and in faster-growing high-value categories such as specialty labels, industrial tapes and Radio-frequency identification (RFID). Above-average growth is projected from both over the longer term. Focus on productivity, acquisitions, aggressive cost control and share repurchases will drive the company's results. Moreover, its consistent execution of strategies continues to enhance competitive advantage while driving profitable growth. Avery Dennison's shares have outperformed the industry over a year's time.”
  • 2/1/2018 – Avery Dennison had its price target raised by analysts at Bank of America Corp from $128.00 to $133.00. They now have a “buy” rating on the stock.
  • 2/1/2018 – Avery Dennison was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating. They now have a $113.00 price target on the stock.
  • 1/23/2018 – Avery Dennison was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Avery Dennison's earnings per share guidance range for 2017 is $4.90-$4.95. The midpoint of the guidance range reflects year-over-year growth of 23%. The company expects sales growth of 8% for the full year. Focus on productivity, acquisitions, aggressive cost control and share repurchases will drive the company's results. Moreover, its consistent execution of strategies continues to enhance competitive advantage while driving profitable growth. The company also has a positive record of earnings surprises. Moreover, Avery Dennison's shares have outperformed the industry over a year's time. However, higher debt levels following the Yongle and Finesse acquisitions remain a concern. Raw material cost inflation and transition costs will also dent margins in the near term.”
  • 1/22/2018 – Avery Dennison was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $136.00 price target on the stock. According to Zacks, “Avery Dennison projects adjusted earnings per share guidance in the range of $4.90-$4.95 for fiscal 2017. The midpoint of the guidance range reflects year-over-year growth of 23%. The company expected reported sales growth in the range of 8% for the full year. Its consistent execution of strategies continues to enhance competitive advantage while driving profitable growth. Focus on productivity, acquisitions, aggressive cost control and share repurchases will also drive results.  Its segments remain well poised for growth. Moreover, its shares have outperformed the industry year to date. The company has a positive record of earnings surprises in the last few quarters. “
  • 1/18/2018 – Avery Dennison is now covered by analysts at UBS Group AG. They set a “buy” rating and a $135.00 price target on the stock.
  • 1/8/2018 – Avery Dennison was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $132.00 price target on the stock. According to Zacks, “Avery Dennison projects adjusted earnings per share guidance in the range of $4.90-$4.95 for fiscal 2017. The midpoint of the guidance range reflects year-over-year growth of 23%. The company expected reported sales growth in the range of 8% for the full year. Its consistent execution of strategies continues to enhance competitive advantage while driving profitable growth. Focus on productivity, acquisitions, aggressive cost control and share repurchases will also drive results.  Its segments remain well poised for growth. Moreover, its shares have outperformed the industry year to date. Its estimates have gone up lately. The company has a positive record of earnings surprises in the last few quarters. “
  • 1/5/2018 – Avery Dennison was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Avery Dennison's earnings per share guidance range for 2017 is $4.90-$4.95. The midpoint of the guidance range reflects year-over-year growth of 23%. The company expected reported sales growth in the range of 8% for the full year. Its consistent execution of strategies continues to enhance competitive advantage while driving profitable growth. Focus on productivity, acquisitions, aggressive cost control and share repurchases will also drive results.  Its segments remain well poised for growth. Moreover, its shares have outperformed the industry year to date. However, raw material cost inflation and transition costs related to Yongle acquisition will dent margins in the near term. The company has a positive record of earnings surprises. Its estimates have gone up lately.”

Shares of Avery Dennison Corp (NYSE AVY) traded up $3.66 during mid-day trading on Monday, hitting $115.12. The company had a trading volume of 397,888 shares, compared to its average volume of 698,098. 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 $9,812.53, a PE ratio of 36.78, a P/E/G ratio of 2.71 and a beta of 1.20. Avery Dennison Corp has a fifty-two week low of $78.47 and a fifty-two week high of $123.67.

Avery Dennison (NYSE:AVY) last announced 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 net margin of 4.26% and a return on equity of 42.26%. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the previous year, the business earned $0.99 earnings per share. The company’s revenue was up 11.9% on a year-over-year basis. equities research analysts predict that Avery Dennison Corp will post 5.88 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, March 6th. This represents a $1.80 annualized dividend and a dividend yield of 1.56%. Avery Dennison’s dividend payout ratio (DPR) is presently 57.51%.

In other news, Director Julia A. Stewart sold 4,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $108.42, for a total transaction of $433,680.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lori J. Bondar sold 10,855 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $110.88, for a total transaction of $1,203,602.40. Following the transaction, the chief accounting officer now owns 18,556 shares of the company’s stock, valued at $2,057,489.28. The disclosure for this sale can be found here. Insiders have sold 16,855 shares of company stock valued at $1,866,802 over the last quarter. Company insiders own 1.40% of the company’s stock.

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).

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