Shares of Avery Dennison Corp (NYSE:AVY) have been assigned a consensus rating of “Hold” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $121.50.

AVY has been the topic of several recent analyst reports. Zacks Investment Research cut Avery Dennison from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. BMO Capital Markets lifted their price objective on Avery Dennison to $114.00 and gave the company a “market perform” rating in a report on Monday, February 4th. UBS Group set a $125.00 price objective on Avery Dennison and gave the company a “buy” rating in a report on Friday, January 18th. ValuEngine upgraded Avery Dennison from a “sell” rating to a “hold” rating in a report on Wednesday, December 5th. Finally, Citigroup cut their price objective on Avery Dennison from $122.00 to $110.00 and set a “buy” rating on the stock in a report on Monday, January 7th.

NYSE:AVY opened at $110.12 on Friday. Avery Dennison has a fifty-two week low of $82.89 and a fifty-two week high of $116.35. The company has a current ratio of 1.15, a quick ratio of 0.83 and a debt-to-equity ratio of 1.85. The stock has a market cap of $9.23 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 2.40 and a beta of 1.39.

Avery Dennison (NYSE:AVY) last released its quarterly earnings data on Wednesday, January 30th. The industrial products company reported $1.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.02. Avery Dennison had a return on equity of 52.22% and a net margin of 6.53%. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the business posted $1.33 EPS. Avery Dennison’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, equities analysts expect that Avery Dennison will post 6.57 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Tuesday, March 5th. Avery Dennison’s payout ratio is 34.32%.

In other Avery Dennison news, Director Julia A. Stewart sold 5,027 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $104.19, for a total value of $523,763.13. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Georges Gravanis sold 14,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $110.66, for a total value of $1,549,240.00. Following the completion of the sale, the insider now owns 13,898 shares in the company, valued at approximately $1,537,952.68. The disclosure for this sale can be found here. Insiders sold a total of 235,664 shares of company stock worth $25,593,024 in the last 90 days. Company insiders own 1.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Avery Dennison in the 4th quarter valued at approximately $73,468,000. Walthausen & Co. LLC lifted its stake in Avery Dennison by 1.4% in the 4th quarter. Walthausen & Co. LLC now owns 57,658 shares of the industrial products company’s stock valued at $5,179,000 after acquiring an additional 776 shares in the last quarter. CWM Advisors LLC lifted its stake in Avery Dennison by 10.9% in the 4th quarter. CWM Advisors LLC now owns 3,867 shares of the industrial products company’s stock valued at $347,000 after acquiring an additional 379 shares in the last quarter. Resources Management Corp CT ADV lifted its stake in Avery Dennison by 5.2% in the 4th quarter. Resources Management Corp CT ADV now owns 5,235 shares of the industrial products company’s stock valued at $470,000 after acquiring an additional 260 shares in the last quarter. Finally, Aurora Investment Counsel lifted its stake in Avery Dennison by 10.5% in the 4th quarter. Aurora Investment Counsel now owns 20,390 shares of the industrial products company’s stock valued at $1,832,000 after acquiring an additional 1,945 shares in the last quarter. Hedge funds and other institutional investors own 84.50% of the company’s stock.

Avery Dennison Company Profile

Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands. It also offers durable cast and reflective films.

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Analyst Recommendations for Avery Dennison (NYSE:AVY)

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