Avery Dennison (NYSE:AVY) Raised to “Buy” at UBS Group

Avery Dennison (NYSE:AVY) was upgraded by equities research analysts at UBS Group from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, MarketBeat Ratings reports. The firm presently has a $218.00 price target on the industrial products company’s stock, up from their previous price target of $181.00. UBS Group’s price target would indicate a potential upside of 20.19% from the stock’s previous close.

Several other equities research analysts also recently weighed in on AVY. JPMorgan Chase & Co. increased their target price on shares of Avery Dennison from $172.00 to $182.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Truist Financial decreased their target price on shares of Avery Dennison from $204.00 to $203.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Bank of America raised 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. Weiss Ratings restated a “hold (c-)” rating on shares of Avery Dennison in a research report on Tuesday, October 14th. Finally, 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. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $200.60.

Avery Dennison Price Performance

Shares of AVY opened at $181.39 on Thursday. Avery Dennison has a fifty-two week low of $156.23 and a fifty-two week high of $209.83. The company has a market capitalization of $14.14 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 2.75 and a beta of 0.95. The firm has a 50-day simple moving average of $166.72 and a 200-day simple moving average of $172.61. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.70 and a current ratio of 1.26.

Avery Dennison (NYSE:AVY) last announced its earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.05. Avery Dennison had a net margin of 7.93% and a return on equity of 33.67%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the firm earned $2.33 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. On average, equities research analysts anticipate that Avery Dennison will post 9.96 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Avery Dennison by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 10,017,906 shares of the industrial products company’s stock worth $1,757,842,000 after purchasing an additional 58,643 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Avery Dennison by 0.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,249,377 shares of the industrial products company’s stock worth $756,262,000 after acquiring an additional 24,068 shares during the period. State Street Corp grew its stake in Avery Dennison by 0.6% in the 2nd quarter. State Street Corp now owns 3,646,614 shares of the industrial products company’s stock worth $639,871,000 after acquiring an additional 23,309 shares during the period. Victory Capital Management Inc. grew its stake in Avery Dennison by 17.3% in the 1st quarter. Victory Capital Management Inc. now owns 1,582,933 shares of the industrial products company’s stock worth $281,715,000 after acquiring an additional 233,062 shares during the period. Finally, Invesco Ltd. grew its stake in Avery Dennison by 2.6% in the 2nd quarter. Invesco Ltd. now owns 1,582,590 shares of the industrial products company’s stock worth $277,697,000 after acquiring an additional 40,803 shares during the period. 94.17% of the stock is owned by hedge funds and other institutional investors.

About Avery Dennison

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.