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

Shares of Avery Dennison Corporation (NYSE:AVY) have been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $204.3636.

Several research firms have commented on AVY. Citigroup raised their price objective on Avery Dennison from $180.00 to $188.00 and gave the company a “neutral” rating in a research report on Tuesday, January 6th. UBS Group upgraded Avery Dennison from a “neutral” rating to a “buy” rating and raised their target price for the company from $181.00 to $218.00 in a report on Thursday, October 23rd. JPMorgan Chase & Co. upgraded Avery Dennison from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $182.00 to $195.00 in a report on Thursday, October 23rd. BMO Capital Markets reiterated an “outperform” rating and set a $210.00 price objective on shares of Avery Dennison in a research note on Thursday, October 23rd. Finally, Truist Financial boosted their target price on shares of Avery Dennison from $213.00 to $234.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th.

Avery Dennison Trading Up 0.8%

Shares of AVY stock opened at $187.39 on Monday. The firm’s 50 day moving average price is $179.77 and its two-hundred day moving average price is $173.80. The company has a quick ratio of 0.89, a current ratio of 1.26 and a debt-to-equity ratio of 1.45. Avery Dennison has a fifty-two week low of $156.23 and a fifty-two week high of $196.40. The stock has a market cap of $14.48 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 3.17 and a beta of 1.00.

Institutional Trading of Avery Dennison

A number of hedge funds and other institutional investors have recently modified their holdings of AVY. Farther Finance Advisors LLC lifted its stake in shares of Avery Dennison by 369.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,061 shares of the industrial products company’s stock worth $375,000 after acquiring an additional 1,622 shares in the last quarter. Sage Mountain Advisors LLC purchased a new stake in Avery Dennison during the 4th quarter worth approximately $304,000. Assetmark Inc. raised its position in shares of Avery Dennison by 32.9% in the 4th quarter. Assetmark Inc. now owns 1,354 shares of the industrial products company’s stock valued at $246,000 after purchasing an additional 335 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Avery Dennison during the 4th quarter valued at approximately $47,000. Finally, Transcend Capital Advisors LLC acquired a new stake in shares of Avery Dennison during the fourth quarter worth approximately $262,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

About Avery Dennison

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.