Avery Dennison (NYSE:AVY) Price Target Cut to $203.00 by Analysts at Truist Financial

Key Points

• Truist Financial has lowered its price target for Avery Dennison from $204.00 to $203.00, maintaining a "buy" rating, which suggests a potential upside of 27.67% from the current price.
• Other analysts have also adjusted their price targets, with Raymond James raising it to $200.00 and UBS reducing it to $181.00, reflecting a range of opinions about the company's future performance.
• Avery Dennison's recent earnings report topped expectations with $2.42 EPS, despite a 0.7% decline in quarterly revenue year-over-year.

Avery Dennison (NYSE:AVY - Get Free Report) had its target price reduced by investment analysts at Truist Financial from $204.00 to $203.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the industrial products company's stock. Truist Financial's price objective indicates a potential upside of 27.67% from the company's current price.

Other equities analysts also recently issued research reports about the company. Raymond James Financial lifted their price target on shares of Avery Dennison from $194.00 to $200.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. JPMorgan Chase & Co. upped their price target on shares of Avery Dennison from $172.00 to $182.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. UBS Group decreased their price target on shares of Avery Dennison from $188.00 to $181.00 and set a "neutral" rating on the stock in a report on Monday, October 6th. Citigroup cut their target price on shares of Avery Dennison from $191.00 to $177.00 and set a "neutral" rating for the company in a research report on Monday, September 29th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Avery Dennison in a research report on Saturday, September 27th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $195.30.

Avery Dennison Price Performance

Shares of NYSE AVY traded up $0.33 during mid-day trading on Monday, hitting $159.00. 49,358 shares of the stock traded hands, compared to its average volume of 717,319. The company has a market cap of $12.40 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 2.34 and a beta of 0.95. Avery Dennison has a twelve month low of $157.00 and a twelve month high of $222.16. The firm has a 50 day simple moving average of $167.83 and a two-hundred day simple moving average of $173.06. 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 (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 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 firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period last year, the company posted $2.42 EPS. The business's quarterly revenue was down .7% on a year-over-year basis. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. As a group, equities research analysts forecast that Avery Dennison will post 9.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Avery Dennison

Institutional investors and hedge funds have recently made changes to their positions in the business. Strengthening Families & Communities LLC increased its holdings in shares of Avery Dennison by 16.6% in the 2nd quarter. Strengthening Families & Communities LLC now owns 408 shares of the industrial products company's stock valued at $73,000 after acquiring an additional 58 shares during the period. Grove Bank & Trust increased its stake in Avery Dennison by 17.7% in the 1st quarter. Grove Bank & Trust now owns 393 shares of the industrial products company's stock valued at $70,000 after buying an additional 59 shares during the period. Resources Management Corp CT ADV increased its stake in Avery Dennison by 0.8% in the 2nd quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company's stock valued at $1,369,000 after buying an additional 62 shares during the period. Bill Few Associates Inc. increased its stake in Avery Dennison by 0.5% in the 2nd quarter. Bill Few Associates Inc. now owns 13,341 shares of the industrial products company's stock valued at $2,341,000 after buying an additional 67 shares during the period. Finally, Diversified Trust Co increased its stake in Avery Dennison by 0.5% in the 2nd quarter. Diversified Trust Co now owns 13,287 shares of the industrial products company's stock valued at $2,331,000 after buying an additional 71 shares during the period. Institutional investors own 94.17% of the company's stock.

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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