Avery Dennison Corporation (NYSE:AVY) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Avery Dennison Corporation has received an average rating of "Moderate Buy" from eleven brokerages, with six analysts recommending a buy and five giving a hold rating.
• The company reported earnings of $2.42 EPS in its latest quarter, exceeding analysts' expectations by $0.04, though its revenue saw a 0.7% decline year-over-year.
• Avery Dennison recently declared a quarterly dividend of $0.94, translating to an annualized dividend yield of 2.3% and a payout ratio of 42.20%.

Avery Dennison Corporation (NYSE:AVY - Get Free Report) has been given an average rating of "Moderate Buy" by the eleven brokerages that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $197.60.

A number of research firms have recently issued reports on AVY. Citigroup lifted their price objective on shares of Avery Dennison from $177.00 to $185.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. Bank of America boosted 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. Raymond James Financial boosted their price objective on shares of Avery Dennison from $194.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Avery Dennison from $172.00 to $182.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd.

Hedge Funds Weigh In On Avery Dennison

A number of hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new position in shares of Avery Dennison during the fourth quarter valued at about $5,151,000. Forum Financial Management LP increased its position in shares of Avery Dennison by 23.9% during the fourth quarter. Forum Financial Management LP now owns 1,311 shares of the industrial products company's stock valued at $245,000 after buying an additional 253 shares during the period. Capital A Wealth Management LLC purchased a new position in shares of Avery Dennison during the fourth quarter valued at about $116,000. Jefferies Financial Group Inc. purchased a new position in shares of Avery Dennison during the fourth quarter valued at about $543,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Avery Dennison during the fourth quarter valued at about $21,241,000. Hedge funds and other institutional investors own 94.17% of the company's stock.

Avery Dennison Stock Down 0.7%

AVY opened at $163.22 on Tuesday. The company has a fifty day moving average price of $171.78 and a 200-day moving average price of $174.71. The firm has a market capitalization of $12.73 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 2.53 and a beta of 0.90. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.04 and a quick ratio of 0.70. Avery Dennison has a one year low of $157.00 and a one year high of $224.38.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.38 by $0.04. Avery Dennison had a net margin of 8.14% and a return on equity of 33.14%. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the firm posted $2.42 EPS. The firm's revenue was down .7% compared to the same quarter last year. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Equities research analysts expect that Avery Dennison will post 9.96 earnings per share for the current fiscal year.

Avery Dennison Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were given a $0.94 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.3%. Avery Dennison's payout ratio is presently 42.20%.

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.

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