Avery Dennison Corporation (NYSE:AVY) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Avery Dennison Corporation (NYSE:AVY) has received a consensus recommendation of "Moderate Buy" from analysts, with an average 12-month target price of $195.30.
• The company's latest earnings report showed a 2.42 EPS, slightly surpassing estimates, but revenue decreased by 0.7% year-over-year.
• Avery Dennison announced a quarterly dividend of $0.94, translating to an annualized dividend yield of 2.4%, with a payout ratio of 42.20%.

Shares of Avery Dennison Corporation (NYSE:AVY - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twelve ratings firms that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $195.30.

AVY has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Avery Dennison from $172.00 to $182.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Bank of America boosted their price objective on shares of Avery Dennison from $195.00 to $208.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. UBS Group decreased their price objective on shares of Avery Dennison from $188.00 to $181.00 and set a "neutral" rating on the stock in a research report on Monday, October 6th. BMO Capital Markets reiterated an "outperform" rating and issued a $207.00 price objective (down from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. Finally, Citigroup decreased their price objective on shares of Avery Dennison from $191.00 to $177.00 and set a "neutral" rating on the stock in a research report on Monday, September 29th.

Avery Dennison Price Performance

Shares of NYSE AVY opened at $159.34 on Friday. The firm has a market capitalization of $12.43 billion, a P/E ratio of 17.88, a PEG ratio of 2.35 and a beta of 0.95. Avery Dennison has a one year low of $156.23 and a one year high of $221.54. The company's fifty day moving average is $166.87 and its two-hundred day moving average is $172.48. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.70 and a current ratio of 1.04.

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

Avery Dennison Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors 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 annualized dividend and a dividend yield of 2.4%. Avery Dennison's payout ratio is currently 42.20%.

Institutional Investors Weigh In On Avery Dennison

Several institutional investors and hedge funds have recently made changes to their positions in AVY. GAMMA Investing LLC boosted its position in shares of Avery Dennison by 9.4% in the 1st quarter. GAMMA Investing LLC now owns 2,409 shares of the industrial products company's stock worth $429,000 after buying an additional 207 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Avery Dennison by 1.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,185 shares of the industrial products company's stock valued at $2,169,000 after purchasing an additional 217 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in Avery Dennison by 2.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 4,210 shares of the industrial products company's stock valued at $749,000 after purchasing an additional 96 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Avery Dennison in the 1st quarter valued at about $3,199,000. Finally, State of Alaska Department of Revenue lifted its holdings in Avery Dennison by 1.5% in the 1st quarter. State of Alaska Department of Revenue now owns 17,133 shares of the industrial products company's stock valued at $3,049,000 after purchasing an additional 250 shares in the last quarter. 94.17% of the stock is currently 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.

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