Avery Dennison Corp. Declares Quarterly Dividend of $0.29 (AVY)
Avery Dennison Corp. (NYSE:AVY) declared a quarterly dividend on Wednesday, January 29th, American Banking & Market News reports. Stockholders of record on Wednesday, March 5th will be given a dividend of 0.29 per share on Wednesday, March 19th. This represents a $1.16 dividend on an annualized basis and a yield of 2.35%.
A number of research firms have recently commented on AVY. Analysts at Topeka Capital Markets upgraded shares of Avery Dennison Corp. from a “hold” rating to a “buy” rating in a research note to investors on Friday, January 10th. They now have a $59.00 price target on the stock. They noted that the move was a valuation call. On the ratings front, analysts at Robert W. Baird upgraded shares of Avery Dennison Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 9th. They now have a $57.00 price target on the stock, up previously from $52.00. They noted that the move was a valuation call. Finally, analysts at Ned Davis Research upgraded shares of Avery Dennison Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Avery Dennison Corp. currently has an average rating of “Hold” and an average target price of $52.17.
Shares of Avery Dennison Corp. (NYSE:AVY) traded up 0.54% during mid-day trading on Wednesday, hitting $49.535. 447,933 shares of the company’s stock traded hands. Avery Dennison Corp. has a one year low of $37.65 and a one year high of $52.17. The stock has a 50-day moving average of $49.91 and a 200-day moving average of $46.3. The company has a market cap of $4.786 billion and a P/E ratio of 22.51.
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.
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