Avery Dennison Corp Given Average Recommendation of “Hold” by Analysts (NYSE:AVY)
Shares of Avery Dennison Corp (NYSE:AVY) have earned a consensus rating of “Hold” from the eight analysts that are covering the company, AR Network reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $54.86.
Shares of Avery Dennison Corp (NYSE:AVY) opened at 47.73 on Friday. Avery Dennison Corp has a 52 week low of $42.01 and a 52 week high of $52.24. The stock has a 50-day moving average of $50.35 and a 200-day moving average of $49.75. The company has a market cap of $4.474 billion and a price-to-earnings ratio of 22.92.
Avery Dennison Corp (NYSE:AVY) last posted its quarterly earnings results on Friday, July 25th. The company reported $0.80 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.80. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. On average, analysts predict that Avery Dennison Corp will post $3.03 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Friday, August 29th.
AVY has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Avery Dennison Corp in a research note on Wednesday, July 30th. They now have a $53.00 price target on the stock, down previously from $54.00. Separately, analysts at Topeka Capital Markets downgraded shares of Avery Dennison Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 29th. They now have a $54.00 price target on the stock, down previously from $59.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Avery Dennison Corp in a research note on Monday, July 28th. They now have a $52.00 price target on the stock.
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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