Raymond James Reiterates Outperform Rating for Avery Dennison (NYSE:AVY)

Avery Dennison (NYSE:AVY)‘s stock had its “outperform” rating reaffirmed by stock analysts at Raymond James in a research note issued to investors on Thursday, Benzinga reports. They presently have a $240.00 price target on the industrial products company’s stock, up from their prior price target of $225.00. Raymond James’ price objective would indicate a potential upside of 9.58% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Bank of America cut Avery Dennison from a “buy” rating to an “underperform” rating and set a $208.00 target price for the company. in a report on Tuesday, January 2nd. Citigroup increased their target price on Avery Dennison from $223.00 to $234.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Robert W. Baird increased their target price on Avery Dennison from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. increased their price target on Avery Dennison from $185.00 to $218.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Finally, StockNews.com upgraded Avery Dennison from a “hold” rating to a “buy” rating in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

Avery Dennison Trading Up 0.9 %

Avery Dennison stock opened at $219.02 on Thursday. The business has a 50 day moving average price of $215.71 and a two-hundred day moving average price of $200.36. The company has a quick ratio of 0.69, a current ratio of 0.87 and a debt-to-equity ratio of 0.94. The stock has a market cap of $17.64 billion, a price-to-earnings ratio of 31.97, a price-to-earnings-growth ratio of 3.28 and a beta of 0.90. Avery Dennison has a 12 month low of $158.93 and a 12 month high of $225.26.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $2.16 EPS for the quarter, meeting the consensus estimate of $2.16. Avery Dennison had a return on equity of 32.59% and a net margin of 6.56%. The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.10 billion. During the same quarter in the prior year, the firm posted $1.65 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities analysts forecast that Avery Dennison will post 9.26 EPS for the current year.

Insider Buying and Selling at Avery Dennison

In other Avery Dennison news, Chairman Mitchell R. Butier sold 8,168 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $217.36, for a total value of $1,775,396.48. Following the transaction, the chairman now directly owns 321,487 shares in the company, valued at approximately $69,878,414.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Avery Dennison news, Chairman Mitchell R. Butier sold 8,168 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $217.36, for a total value of $1,775,396.48. Following the transaction, the chairman now directly owns 321,487 shares in the company, valued at approximately $69,878,414.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Ignacio J. Walker sold 5,000 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $213.90, for a total value of $1,069,500.00. Following the completion of the transaction, the senior vice president now owns 6,102 shares in the company, valued at $1,305,217.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,879 shares of company stock worth $4,217,705. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. YHB Investment Advisors Inc. acquired a new position in shares of Avery Dennison in the 1st quarter valued at $104,000. SYSTM Wealth Solutions LLC lifted its stake in shares of Avery Dennison by 28.9% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 30,115 shares of the industrial products company’s stock valued at $6,723,000 after purchasing an additional 6,747 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Avery Dennison by 88.7% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 50,752 shares of the industrial products company’s stock valued at $11,330,000 after purchasing an additional 23,852 shares during the period. Albert D Mason Inc. lifted its stake in shares of Avery Dennison by 0.7% in the 1st quarter. Albert D Mason Inc. now owns 7,456 shares of the industrial products company’s stock valued at $1,665,000 after purchasing an additional 51 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of Avery Dennison by 11.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,860 shares of the industrial products company’s stock valued at $1,531,000 after purchasing an additional 680 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

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.