Avery Dennison (NYSE:AVY) Price Target Increased to $230.00 by Analysts at Robert W. Baird

Avery Dennison (NYSE:AVY) had its target price hoisted by research analysts at Robert W. Baird from $215.00 to $230.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s target price suggests a potential upside of 8.28% from the company’s previous close.

Several other research firms have also weighed in on AVY. UBS Group increased their price target on shares of Avery Dennison from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. JPMorgan Chase & Co. increased their target price on shares of Avery Dennison from $185.00 to $218.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. StockNews.com upgraded shares of Avery Dennison from a “hold” rating to a “buy” rating in a research report on Monday. Citigroup increased their target price on shares of Avery Dennison from $223.00 to $234.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Finally, Raymond James increased their target price on shares of Avery Dennison from $199.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, Avery Dennison currently has a consensus rating of “Moderate Buy” and an average price target of $221.90.

Avery Dennison Stock Performance

NYSE AVY opened at $212.42 on Thursday. Avery Dennison has a 1 year low of $158.93 and a 1 year high of $225.26. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.04 and a quick ratio of 0.69. The firm has a market cap of $17.10 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 3.26 and a beta of 0.90. The company has a fifty day moving average price of $215.34 and a 200-day moving average price of $200.01.

Avery Dennison (NYSE:AVY) last posted its earnings results on Wednesday, January 31st. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.16. Avery Dennison had a net margin of 6.01% and a return on equity of 30.97%. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the prior year, the business posted $1.65 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. As a group, equities research analysts predict that Avery Dennison will post 9.26 EPS for the current fiscal year.

Insider Transactions at Avery Dennison

In other news, insider Ryan D. Yost sold 1,400 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $213.29, for a total value of $298,606.00. Following the completion of the sale, the insider now directly owns 2,843 shares in the company, valued at approximately $606,383.47. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Chairman Mitchell R. Butier sold 8,168 shares of Avery Dennison stock in a transaction on Monday, March 4th. The shares were 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 of the company’s stock, valued at $69,878,414.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ryan D. Yost sold 1,400 shares of Avery Dennison stock in a transaction on Monday, March 11th. The stock was sold at an average price of $213.29, for a total transaction of $298,606.00. Following the completion of the transaction, the insider now directly owns 2,843 shares in the company, valued at $606,383.47. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,879 shares of company stock worth $4,217,705. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AVY. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Avery Dennison during the 3rd quarter valued at $32,000. Milestone Investment Advisors LLC purchased a new position in Avery Dennison during the 3rd quarter valued at $36,000. Anchor Investment Management LLC purchased a new position in Avery Dennison during the 4th quarter valued at $42,000. VisionPoint Advisory Group LLC purchased a new position in Avery Dennison during the 4th quarter valued at $42,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in Avery Dennison by 164.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 267 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 166 shares during the period. 94.17% of the stock is owned by hedge funds and other institutional investors.

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.