Avery Dennison (NYSE:AVY) Price Target Increased to $230.00 by Analysts at Robert W. Baird

Avery Dennison (NYSE:AVY) had its target price boosted by Robert W. Baird from $215.00 to $230.00 in a report issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s price objective points to a potential upside of 8.28% from the stock’s previous close.

A number of other research analysts have also weighed in on AVY. Truist Financial reissued a “buy” rating and set a $249.00 target price on shares of Avery Dennison in a research report on Friday, January 19th. UBS Group upped their price objective on shares of Avery Dennison from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Bank of America lowered shares of Avery Dennison from a “buy” rating to an “underperform” rating and set a $208.00 price objective for the company. in a research report on Tuesday, January 2nd. Citigroup upped their target price on shares of Avery Dennison from $223.00 to $234.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. Finally, StockNews.com raised shares of Avery Dennison from a “hold” rating to a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $221.90.

Avery Dennison Trading Up 0.5 %

Avery Dennison stock opened at $212.42 on Thursday. The stock has a market cap of $17.10 billion, a P/E ratio of 34.21, a P/E/G ratio of 3.26 and a beta of 0.90. Avery Dennison has a 12 month low of $158.93 and a 12 month high of $225.26. The company’s fifty day simple moving average is $215.34 and its 200-day simple moving average is $200.01. The company has a quick ratio of 0.69, a current ratio of 1.04 and a debt-to-equity ratio of 1.23.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.16. The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Avery Dennison had a net margin of 6.01% and a return on equity of 30.97%. Avery Dennison’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.65 earnings per share. As a group, sell-side analysts forecast that Avery Dennison will post 9.26 EPS for the current fiscal year.

Insider Activity

In other news, insider Ryan D. Yost sold 1,400 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $213.29, for a total transaction of $298,606.00. Following the sale, the insider now directly owns 2,843 shares of the company’s stock, valued at $606,383.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Ryan D. Yost sold 1,400 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $213.29, for a total value of $298,606.00. Following the transaction, the insider now directly owns 2,843 shares in the company, valued at $606,383.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Julia A. Stewart sold 5,311 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $202.26, for a total transaction of $1,074,202.86. Following the completion of the transaction, the director now owns 5,018 shares in the company, valued at $1,014,940.68. The disclosure for this sale can be found here. Insiders have sold 19,879 shares of company stock valued at $4,217,705 over the last three months. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Avery Dennison

Several hedge funds have recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Avery Dennison during the third quarter worth $32,000. Milestone Investment Advisors LLC bought a new position in Avery Dennison in the third quarter valued at $36,000. Anchor Investment Management LLC bought a new position in Avery Dennison in the fourth quarter valued at $42,000. VisionPoint Advisory Group LLC bought a new position in Avery Dennison in the fourth quarter valued at $42,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its position in Avery Dennison by 164.4% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 267 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 166 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Avery Dennison Company Profile

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally. It provides pressure-sensitive materials comprising papers, plastic films, metal foils, and fabrics; performance tapes products, including tapes for wire harnessing, as well as cable wrapping for automotive, electrical, and general industrial applications; mechanical fasteners, which are precision-extruded and injection-molded plastic devices used in various automotive, general industrial, and retail applications; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, Yongle, and Avery Dennison brands.