Avery Dennison (NYSE:AVY) Given New $210.00 Price Target at Bank of America

Avery Dennison (NYSE:AVY) had its target price lifted by Bank of America from $202.00 to $210.00 in a research note published on Tuesday morning,Benzinga reports. Bank of America currently has a buy rating on the industrial products company’s stock.

Several other brokerages have also issued reports on AVY. Deutsche Bank Aktiengesellschaft started coverage on Avery Dennison in a research report on Wednesday, April 1st. They set a “buy” rating and a $200.00 target price for the company. Raymond James Financial set a $192.00 target price on shares of Avery Dennison in a report on Tuesday, April 21st. Truist Financial reiterated a “buy” rating and issued a $221.00 price target (down from $223.00) on shares of Avery Dennison in a report on Wednesday, April 29th. UBS Group reduced their price objective on shares of Avery Dennison from $226.00 to $222.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Finally, Citigroup lowered their price target on Avery Dennison from $185.00 to $184.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.44.

Avery Dennison Price Performance

Avery Dennison stock opened at $157.41 on Tuesday. The firm’s fifty day moving average is $160.00 and its 200 day moving average is $173.01. Avery Dennison has a 52-week low of $152.42 and a 52-week high of $199.54. The company has a quick ratio of 0.80, a current ratio of 1.15 and a debt-to-equity ratio of 1.38. The company has a market cap of $12.04 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 2.75 and a beta of 0.82.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.06. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.26 billion. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.30 EPS. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Sell-side analysts forecast that Avery Dennison will post 10 EPS for the current fiscal year.

Avery Dennison Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, June 3rd. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.94. Avery Dennison’s payout ratio is currently 45.10%.

Hedge Funds Weigh In On Avery Dennison

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. increased its holdings in Avery Dennison by 2.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,163 shares of the industrial products company’s stock worth $393,000 after buying an additional 54 shares during the period. Huntington National Bank lifted its stake in Avery Dennison by 3.2% during the 4th quarter. Huntington National Bank now owns 1,832 shares of the industrial products company’s stock valued at $333,000 after acquiring an additional 56 shares during the period. Capital Investment Advisors LLC boosted its holdings in shares of Avery Dennison by 3.4% in the 4th quarter. Capital Investment Advisors LLC now owns 1,838 shares of the industrial products company’s stock valued at $334,000 after acquiring an additional 61 shares during the last quarter. Resources Management Corp CT ADV boosted its holdings in shares of Avery Dennison by 0.8% in the 2nd quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company’s stock valued at $1,369,000 after acquiring an additional 62 shares during the last quarter. Finally, Mather Group LLC. increased its stake in shares of Avery Dennison by 3.6% in the fourth quarter. Mather Group LLC. now owns 1,860 shares of the industrial products company’s stock worth $338,000 after acquiring an additional 64 shares during the period. 94.17% of the stock is owned by hedge funds and other institutional investors.

Avery Dennison Company Profile

Avery Dennison (NYSE:AVY) is a global materials science and manufacturing company specializing in labeling and packaging solutions. The company develops pressure-sensitive materials, tags and labels, and adhesive technologies that help brands and businesses enhance product identification, branding and supply-chain performance. Avery Dennison’s offerings range from industrial and retail labeling to high-performance tapes, films and graphics materials used across multiple end markets.

The company operates through several key segments, including Label and Graphic Materials, which supplies pressure-sensitive materials for consumer goods; Retail Branding and Information Solutions, offering apparel tags, RFID inlays and digital product identification; Pressure-Sensitive Materials, providing specialty tapes and adhesives; and RF Technologies, focused on advanced RFID and IoT labeling solutions.