Avery Dennison Corporation (NYSE:AVY) Receives Consensus Rating of “Moderate Buy” from Analysts

Avery Dennison Corporation (NYSE:AVY) has earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $204.3636.

Several analysts recently weighed in on AVY shares. Citigroup boosted their price objective on Avery Dennison from $180.00 to $188.00 and gave the company a “neutral” rating in a report on Tuesday, January 6th. Argus set a $200.00 price target on Avery Dennison in a report on Tuesday, October 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Avery Dennison in a research report on Monday, December 29th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $210.00 price objective on shares of Avery Dennison in a report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. raised shares of Avery Dennison from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $182.00 to $195.00 in a report on Thursday, October 23rd.

Hedge Funds Weigh In On Avery Dennison

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC raised its position in shares of Avery Dennison by 6.4% during the 1st quarter. Empowered Funds LLC now owns 13,534 shares of the industrial products company’s stock worth $2,409,000 after purchasing an additional 819 shares during the period. Focus Partners Wealth grew its stake in Avery Dennison by 7.6% during the 1st quarter. Focus Partners Wealth now owns 3,918 shares of the industrial products company’s stock worth $697,000 after buying an additional 278 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Avery Dennison in the first quarter worth $1,209,000. Wealth Enhancement Advisory Services LLC lifted its stake in Avery Dennison by 31.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 15,999 shares of the industrial products company’s stock valued at $2,932,000 after buying an additional 3,814 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Avery Dennison by 5.9% during the second quarter. Fifth Third Bancorp now owns 3,494 shares of the industrial products company’s stock valued at $613,000 after acquiring an additional 196 shares during the period. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Avery Dennison Price Performance

AVY opened at $187.39 on Monday. The company has a market capitalization of $14.48 billion, a P/E ratio of 21.32, a PEG ratio of 3.17 and a beta of 1.00. The company has a 50-day moving average of $179.77 and a 200-day moving average of $173.80. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.89 and a current ratio of 1.26. Avery Dennison has a 1-year low of $156.23 and a 1-year high of $196.40.

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.