Raymond James Financial Issues Positive Forecast for Avery Dennison (NYSE:AVY) Stock Price

Avery Dennison (NYSE:AVY - Get Free Report) had its price objective upped by Raymond James Financial from $194.00 to $200.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the industrial products company's stock. Raymond James Financial's price target points to a potential upside of 12.92% from the stock's current price.

A number of other research analysts have also recently issued reports on AVY. Robert W. Baird decreased their price objective on shares of Avery Dennison from $220.00 to $210.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Citigroup boosted their price objective on shares of Avery Dennison from $177.00 to $185.00 and gave the company a "neutral" rating in a report on Friday. Argus cut shares of Avery Dennison from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. Truist Financial decreased their price objective on shares of Avery Dennison from $215.00 to $210.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Wall Street Zen upgraded shares of Avery Dennison from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $197.50.

Avery Dennison Trading Down 1.9%

Shares of NYSE:AVY traded down $3.34 during trading on Tuesday, hitting $177.11. 419,794 shares of the company's stock were exchanged, compared to its average volume of 649,952. Avery Dennison has a 1-year low of $157.00 and a 1-year high of $233.48. The firm has a 50-day moving average price of $178.84 and a two-hundred day moving average price of $179.72. The company has a current ratio of 1.03, a quick ratio of 0.68 and a debt-to-equity ratio of 1.19. The firm has a market cap of $13.85 billion, a P/E ratio of 20.40, a PEG ratio of 2.53 and a beta of 0.87.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $2.30 EPS for the quarter, missing the consensus estimate of $2.32 by ($0.02). The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.15 billion. Avery Dennison had a return on equity of 33.11% and a net margin of 7.98%. The firm's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.29 EPS. Equities analysts predict that Avery Dennison will post 9.96 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AVY. Bayforest Capital Ltd acquired a new stake in Avery Dennison in the first quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Avery Dennison by 193.1% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 170 shares of the industrial products company's stock worth $30,000 after buying an additional 112 shares during the last quarter. SouthState Corp lifted its stake in shares of Avery Dennison by 195.7% during the 1st quarter. SouthState Corp now owns 207 shares of the industrial products company's stock worth $37,000 after buying an additional 137 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Avery Dennison by 70.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 211 shares of the industrial products company's stock worth $37,000 after buying an additional 87 shares during the last quarter. Finally, Costello Asset Management INC acquired a new stake in shares of Avery Dennison during the 1st quarter worth about $40,000. Institutional investors and hedge funds 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.