Robert W. Baird Increases Avery Dennison (NYSE:AVY) Price Target to $230.00

Avery Dennison (NYSE:AVY) had its target price increased by equities researchers at Robert W. Baird from $215.00 to $230.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s price objective indicates a potential upside of 5.01% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Truist Financial restated a “buy” rating and issued a $249.00 price target on shares of Avery Dennison in a research report on Friday, January 19th. JPMorgan Chase & Co. upped their price target on shares of Avery Dennison from $185.00 to $218.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. StockNews.com upgraded shares of Avery Dennison from a “hold” rating to a “buy” rating in a research report on Monday, April 22nd. UBS Group upped their price target 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. Finally, Bank of America downgraded shares of Avery Dennison from a “buy” rating to an “underperform” rating and set a $208.00 target price for the company. in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Avery Dennison has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Avery Dennison Trading Up 0.9 %

Shares of NYSE:AVY opened at $219.02 on Thursday. The stock has a market capitalization of $17.64 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 3.28 and a beta of 0.90. Avery Dennison has a 1-year low of $158.93 and a 1-year high of $225.26. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.69 and a current ratio of 0.87. The company has a 50 day moving average price of $215.71 and a 200 day moving average price of $200.36.

Avery Dennison (NYSE:AVY) last issued its earnings results on Wednesday, January 31st. The industrial products company reported $2.16 earnings per share 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 6.56% and a return on equity of 32.59%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $1.65 earnings per share. On average, research analysts anticipate that Avery Dennison will post 9.26 EPS for the current fiscal year.

Insider Transactions at Avery Dennison

In related news, SVP Ignacio J. Walker sold 5,000 shares of Avery Dennison stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $213.90, for a total transaction of $1,069,500.00. Following the completion of the transaction, the senior vice president now directly owns 6,102 shares of the company’s stock, valued at approximately $1,305,217.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Ryan D. Yost sold 1,400 shares of Avery Dennison stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $213.29, for a total transaction of $298,606.00. Following the completion of the transaction, the insider now directly owns 2,843 shares of the company’s stock, valued at approximately $606,383.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ignacio J. Walker sold 5,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $213.90, for a total transaction of $1,069,500.00. Following the completion of the transaction, the senior vice president now directly owns 6,102 shares of the company’s stock, valued at $1,305,217.80. The disclosure for this sale can be found here. In the last three months, insiders sold 19,879 shares of company stock valued at $4,217,705. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Avery Dennison

A number of institutional investors have recently modified their holdings of the stock. YHB Investment Advisors Inc. bought a new position in shares of Avery Dennison in the first quarter worth about $104,000. SYSTM Wealth Solutions LLC raised its stake in shares of Avery Dennison by 28.9% in the first quarter. SYSTM Wealth Solutions LLC now owns 30,115 shares of the industrial products company’s stock worth $6,723,000 after acquiring an additional 6,747 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Avery Dennison by 88.7% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 50,752 shares of the industrial products company’s stock worth $11,330,000 after buying an additional 23,852 shares during the period. Albert D Mason Inc. grew its position in shares of Avery Dennison by 0.7% during the 1st quarter. Albert D Mason Inc. now owns 7,456 shares of the industrial products company’s stock worth $1,665,000 after buying an additional 51 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Avery Dennison by 11.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,860 shares of the industrial products company’s stock worth $1,531,000 after buying an additional 680 shares during the period. 94.17% of the stock is owned by institutional investors.

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.