Avery Dennison Corporation (NYSE:AVY) Given Average Rating of “Moderate Buy” by Analysts

Avery Dennison Corporation (NYSE:AVY) has been given an average rating of “Moderate Buy” by the eleven brokerages that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $197.60.

A number of research firms have recently issued reports on AVY. Citigroup lifted their price objective on shares of Avery Dennison from $177.00 to $185.00 and gave the stock a “neutral” rating in a report on Friday, July 11th. Bank of America boosted their price objective on shares of Avery Dennison from $195.00 to $208.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Raymond James Financial boosted their price objective on shares of Avery Dennison from $194.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. BMO Capital Markets restated an “outperform” rating and issued a $207.00 price objective (down previously from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Avery Dennison from $172.00 to $182.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd.

Hedge Funds Weigh In On Avery Dennison

A number of hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new position in shares of Avery Dennison during the fourth quarter valued at about $5,151,000. Forum Financial Management LP increased its position in shares of Avery Dennison by 23.9% during the fourth quarter. Forum Financial Management LP now owns 1,311 shares of the industrial products company’s stock valued at $245,000 after buying an additional 253 shares during the period. Capital A Wealth Management LLC purchased a new position in shares of Avery Dennison during the fourth quarter valued at about $116,000. Jefferies Financial Group Inc. purchased a new position in shares of Avery Dennison during the fourth quarter valued at about $543,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Avery Dennison during the fourth quarter valued at about $21,241,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Stock Down 0.7%

AVY opened at $163.22 on Tuesday. The company has a fifty day moving average price of $171.78 and a 200-day moving average price of $174.71. The firm has a market capitalization of $12.73 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 2.53 and a beta of 0.90. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.04 and a quick ratio of 0.70. Avery Dennison has a one year low of $157.00 and a one year high of $224.38.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.04. Avery Dennison had a net margin of 8.14% and a return on equity of 33.14%. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the firm posted $2.42 EPS. The firm’s revenue was down .7% compared to the same quarter last year. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Equities research analysts expect that Avery Dennison will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were given a $0.94 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.3%. Avery Dennison’s payout ratio is presently 42.20%.

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.