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

Key Points

• Avery Dennison Corporation has received a consensus recommendation of "Moderate Buy" from 11 research firms, with an average 12-month price target of $197.60.
• The company's stock price has recently opened at $171.03 and reported a 1.3% decline, with a market capitalization of $13.34 billion.
• Avery Dennison announced a quarterly dividend of $0.94 per share, with an annualized dividend yield of 2.2%, payable on September 17th to shareholders of record as of September 3rd.

Avery Dennison Corporation (NYSE:AVY - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $197.60.

AVY has been the subject of a number of recent research reports. Argus cut Avery Dennison from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. Wall Street Zen raised Avery Dennison from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Bank of America boosted their target price on Avery Dennison from $195.00 to $208.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. raised their price objective on shares of Avery Dennison from $172.00 to $182.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Citigroup lifted their target price on Avery Dennison from $177.00 to $185.00 and gave the company a "neutral" rating in a research report on Friday, July 11th.

Institutional Investors Weigh In On Avery Dennison

A number of hedge funds have recently modified their holdings of AVY. Orion Porfolio Solutions LLC grew its stake in shares of Avery Dennison by 1.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 6,150 shares of the industrial products company's stock worth $1,079,000 after acquiring an additional 107 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Avery Dennison by 219.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 10,537 shares of the industrial products company's stock valued at $1,848,000 after purchasing an additional 7,239 shares during the period. Hudson Bay Capital Management LP bought a new position in Avery Dennison in the 2nd quarter worth about $243,000. Nomura Holdings Inc. grew its holdings in shares of Avery Dennison by 3.7% during the second quarter. Nomura Holdings Inc. now owns 2,634 shares of the industrial products company's stock worth $462,000 after purchasing an additional 93 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Avery Dennison during the 2nd quarter worth $37,000. Institutional investors own 94.17% of the company's stock.

Avery Dennison Price Performance

Shares of AVY stock traded up $0.43 during trading hours on Friday, reaching $171.51. The company's stock had a trading volume of 486,904 shares, compared to its average volume of 605,588. The company has a quick ratio of 0.70, a current ratio of 1.04 and a debt-to-equity ratio of 1.19. Avery Dennison has a fifty-two week low of $157.00 and a fifty-two week high of $224.38. The company has a market capitalization of $13.37 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 2.64 and a beta of 0.88. The firm's 50 day simple moving average is $176.21 and its 200-day simple moving average is $176.66.

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

Avery Dennison Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 3rd. Avery Dennison's dividend payout ratio (DPR) is presently 42.20%.

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.