Avery Dennison (NYSE:AVY) Earns "Buy" Rating from Truist Financial

Key Points

• Truist Financial reissued a Buy rating on Avery Dennison with a $221 price target — implying roughly a 35.1% upside — and the stock's consensus from analysts is a Moderate Buy with an average price target of $206.89.
• Avery Dennison beat Q1 estimates (EPS $2.47 vs. $2.41; revenue $2.30B, +7% YoY) but issued Q2 guidance of $2.43–$2.53, slightly below Street expectations, indicating potential near‑term pressure on profitability.
• Shares traded at $163.58 (down 1.7% on the day) valuing the company at $12.58B (P/E ~18.6); insiders have sold 34,156 shares in the past 90 days even as institutional ownership remains high at 94.17%.

Avery Dennison (NYSE:AVY - Get Free Report)'s stock had its "buy" rating reissued by Truist Financial in a note issued to investors on Wednesday,Benzinga reports. They currently have a $221.00 price target on the industrial products company's stock, down from their previous price target of $223.00. Truist Financial's target price suggests a potential upside of 35.10% from the stock's previous close.

A number of other brokerages have also weighed in on AVY. UBS Group decreased their price objective on shares of Avery Dennison from $226.00 to $222.00 and set a "buy" rating for the company in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft initiated coverage on Avery Dennison in a research report on Wednesday, April 1st. They set a "buy" rating and a $200.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on shares of Avery Dennison from $195.00 to $205.00 and gave the company an "overweight" rating in a research note on Monday, February 9th. Raymond James Financial set a $192.00 price objective on shares of Avery Dennison in a research report on Tuesday, April 21st. Finally, BMO Capital Markets boosted their target price on shares of Avery Dennison from $215.00 to $224.00 and gave the company an "outperform" rating in a research note on Friday, February 6th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $206.89.

Avery Dennison Stock Down 1.7%

AVY stock traded down $2.91 on Wednesday, reaching $163.58. 36,290 shares of the company traded hands, compared to its average volume of 636,561. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.13 and a quick ratio of 0.76. The firm has a fifty day simple moving average of $175.49 and a 200-day simple moving average of $178.12. Avery Dennison has a one year low of $156.23 and a one year high of $199.54. The company has a market cap of $12.58 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 2.73 and a beta of 1.00.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.06. Avery Dennison had a return on equity of 33.84% and a net margin of 7.77%.The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the firm earned $2.30 EPS. Avery Dennison's quarterly revenue was up 7.0% compared to the same quarter last year. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. Research analysts anticipate that Avery Dennison will post 10.07 earnings per share for the current year.

Insider Transactions at Avery Dennison

In other news, SVP Ignacio J. Walker sold 1,156 shares of the firm's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $192.95, for a total value of $223,050.20. Following the transaction, the senior vice president owned 7,588 shares of the company's stock, valued at $1,464,104.60. This trade represents a 13.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mitchell R. Butier sold 13,000 shares of the business's stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $171.50, for a total value of $2,229,500.00. Following the transaction, the director owned 198,147 shares of the company's stock, valued at approximately $33,982,210.50. This trade represents a 6.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 34,156 shares of company stock valued at $5,930,150. Company insiders own 0.81% of the company's stock.

Hedge Funds Weigh In On Avery Dennison

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Avery Dennison by 3.6% in the third quarter. Vanguard Group Inc. now owns 10,379,137 shares of the industrial products company's stock worth $1,683,185,000 after buying an additional 361,231 shares in the last quarter. Johnson Investment Counsel Inc. grew its holdings in shares of Avery Dennison by 11.7% in the third quarter. Johnson Investment Counsel Inc. now owns 351,635 shares of the industrial products company's stock valued at $57,025,000 after purchasing an additional 36,698 shares in the last quarter. Fieldview Capital Management LLC increased its position in Avery Dennison by 412.7% in the third quarter. Fieldview Capital Management LLC now owns 26,265 shares of the industrial products company's stock worth $4,259,000 after purchasing an additional 21,142 shares during the last quarter. WCM Investment Management LLC purchased a new stake in Avery Dennison during the third quarter valued at $2,785,000. Finally, CPC Advisors LLC bought a new position in Avery Dennison during the fourth quarter valued at $1,464,000. Institutional investors own 94.17% of the company's stock.

Avery Dennison News Roundup

Here are the key news stories impacting Avery Dennison this week:

• Positive Sentiment: Q1 beat on top- and bottom-line: EPS $2.47 vs. $2.41 consensus and revenue $2.30B (+7% YoY); margins, volume gains and a swing to positive cash flow were highlighted as drivers of the beat. Avery Dennison (AVY) Q1 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Strategic investment: Avery committed $75M to Wiliot to expand its sensor/IoT capabilities — a move that can accelerate higher‑value digital identification services and long‑term margin expansion. Avery Dennison Invests $75M in Wiliot to Expand Sensor Technology Portfolio
• Neutral Sentiment: Earnings call tone was “strength and strain”: management emphasized strong execution (cost control, share in certain end markets) but noted pockets of demand softness and mixed segment performance; investors should watch regional/segment trends for clarity. Avery Dennison Earnings Call Balances Strength and Strain
• Negative Sentiment: Q2 guidance came in slightly below consensus: management set EPS guidance of $2.43–$2.53 vs. the Street at ~$2.53, signaling near‑term pressure on profitability and raising questions about demand momentum. Labeling firm Avery Dennison forecasts second-quarter profit below estimates

About Avery Dennison

Avery Dennison NYSE: AVY is a global materials science and manufacturing company specializing in labeling and packaging solutions. The company develops pressure-sensitive materials, tags and labels, and adhesive technologies that help brands and businesses enhance product identification, branding and supply-chain performance. Avery Dennison's offerings range from industrial and retail labeling to high-performance tapes, films and graphics materials used across multiple end markets.

The company operates through several key segments, including Label and Graphic Materials, which supplies pressure-sensitive materials for consumer goods; Retail Branding and Information Solutions, offering apparel tags, RFID inlays and digital product identification; Pressure-Sensitive Materials, providing specialty tapes and adhesives; and RF Technologies, focused on advanced RFID and IoT labeling solutions.

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