Loop Capital raised the price target of the stock on October 26 boosting the projection from $99.00 to $106.00 and issued a "Hold" recommendation.
Several firms have shifted positions in (AVY). KeyCorp reaffirmed a "hold" rating on shares of Avery Dennison Corporation in a research note on Friday, September 22nd. Springbok Capital Management LLC acquired a new position in shares of Avery Dennison Corp. during the first quarter valued at $136,000. Robert W. Baird reiterated a "buy" rating and issued a $100.00 price objective on shares of Avery Dennison Corporation in a report on Friday, September 1st.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Zacks Investment Research lowered shares of Avery Dennison Corp. from a "buy" rating to a "hold" rating in a research report on Tuesday, September 20th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of "Buy" and an average price target of $105.71. J P Morgan Chase & Co cut shares of Avery Dennison Corporation from an "overweight" rating to a "neutral" rating in a research note on Thursday. 1,386,649 shares of the stock traded hands. The P/E ratio is now 23.80 and the market value is 9.40B. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.13 and a quick ratio of 0.82. Avery Dennison Corporation has a 1-year low of $68.55 and a 1-year high of $106.24.
Avery Dennison Corporation (NYSE:AVY) last announced its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.26 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.21 by $0.05.
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Avery Dennison Corp. had a return on equity of 35.98% and a net margin of 5.27%. The company had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.65 billion. During the same period in the previous year, the firm earned $0.87 EPS. Captrust Financial Advisors acquired a new position in Avery Dennison Corporation during the second quarter valued at approximately $130,000.
Shares of Avery Dennison Corporation (AVY) opened at $107.94 on Tuesday. If you are viewing this article on another site, it was copied illegally and republished in violation of USA & global trademark and copyright law.
WARNING: "Avery Dennison Corporation (AVY) Receives $101.20 Average Price Target from Brokerages" was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. Also, Director David E.I. Pyott sold 298 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $108.35, for a total transaction of $463,738.00. Amalgamated Bank grew its ownership by buying 270 shares an increase of 1.5% as of 09/30/2017. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Executive Chairman Dean A. Scarborough sold 20,000 shares at a price of $105.00 on October 30th. Following the sale, the chairman now directly owns 94,042 shares in the company, valued at approximately $9,831,150.68. The disclosure for this sale can be found here. Insiders sold a total of 140,047 shares of company stock valued at $14,824,481 over the last three months. The firm owned 46,986 shares of the industrial products company's stock after selling 30,062 shares during the period.
Here are some institutional investors who have increased or decreased their stake in (AVY). Eads & Heald Investment Counsel now owns 6,703 shares of the industrial products company's stock worth $659,000 after acquiring an additional 2,503 shares during the last quarter. The total value of its holdings increased 32.3%. The value of the investment in AVY increased from $1,573,000 to $1,777,000 a change of $204,000 quarter over quarter. Conning Inc. acquired a new position in shares of Avery Dennison Corporation in the 3rd quarter worth approximately $200,000. Atria Investments LLC purchased a new position in Avery Dennison Corporation during the second quarter valued at approximately $515,000. Finally, Private Trust Co. The business's quarterly revenue was up 11.3% on a year-over-year basis. research analysts forecast that Avery Dennison Corporation will post 4.93 earnings per share for the current fiscal year. The Company also manufactures and sells a range of other converted products and items not involving pressure-sensitive components, such as fasteners, tickets, tags, radio-frequency identification (RFID) inlays and tags, and imprinting equipment and related services, which the Company markets to retailers, apparel manufacturers, and brand owners. Avery Dennison Corp.'s dividend payout ratio is presently 47.40%. The Company's segments include Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials (IHM).
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