Avery Dennison Corp. Announces Quarterly Dividend of $0.29 (AVY)
Avery Dennison Corp. (NYSE:AVY) declared a quarterly dividend on Thursday, October 24th, Analyst Ratings Network.com reports. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.29 per share on Wednesday, December 18th. This represents a $1.16 dividend on an annualized basis and a yield of 2.63%.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Avery Dennison Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, September 26th. They now have a $46.00 price target on the stock. On a related note, analysts at Bank of America Corp. upgraded shares of Avery Dennison Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Friday, August 16th. They now have a $52.00 price target on the stock. Finally, analysts at Merrill Lynch upgraded shares of Avery Dennison Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Friday, August 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Avery Dennison Corp. has an average rating of “Hold” and a consensus target price of $43.86.
Avery Dennison Corp. (NYSE:AVY) traded up 0.62% during mid-day trading on Thursday, hitting $44.05. The stock had a trading volume of 712,820 shares. Avery Dennison Corp. has a 1-year low of $28.91 and a 1-year high of $46.96. The stock has a 50-day moving average of $44.37 and a 200-day moving average of $43.24. The company has a market cap of $4.320 billion and a P/E ratio of 19.02.
Avery Dennison Corporation (NYSE:AVY), is engaged in the production of pressure-sensitive materials, and a variety of tickets, tags, labels other converted products, and office and consumer products through embossing, printing, stamping and die-cutting.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.