Avery Dennison (NYSE:AVY) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Avery Dennison from “hold” to “buy.” The stock has a broader consensus rating of “Moderate Buy,” with seven analysts issuing Buy ratings and two assigning Hold ratings; the average price target is $201.22.
• Avery Dennison reported quarterly EPS of $2.89, beating the $2.47 consensus estimate, while revenue reached $2.46 billion and rose 10.9% year over year.
• Shares opened at $177.08, below the consensus target, while institutional investors own 94.17% of the stock. An insider separately sold 1,742 shares worth approximately $298,945.

Avery Dennison (NYSE:AVY - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

AVY has been the topic of a number of other reports. Argus set a $175.00 price target on shares of Avery Dennison in a report on Thursday, June 4th. Truist Financial reduced their price objective on shares of Avery Dennison from $221.00 to $209.00 and set a "buy" rating for the company in a research note on Wednesday, July 15th. UBS Group upped their target price on shares of Avery Dennison from $218.00 to $225.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Bank of America raised their price target on shares of Avery Dennison from $202.00 to $210.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Finally, Citigroup boosted their price target on shares of Avery Dennison from $184.00 to $186.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $201.22.

Avery Dennison Price Performance

Shares of NYSE AVY opened at $177.08 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.79 and a current ratio of 1.13. Avery Dennison has a fifty-two week low of $152.42 and a fifty-two week high of $199.54. The stock has a market cap of $13.42 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 3.02 and a beta of 0.81. The stock has a fifty day moving average of $162.08 and a 200-day moving average of $170.74.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.47 by $0.42. Avery Dennison had a return on equity of 34.60% and a net margin of 7.62%.The business had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.30 billion. During the same quarter in the prior year, the firm posted $2.42 EPS. The firm's quarterly revenue was up 10.9% on a year-over-year basis. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Equities research analysts anticipate that Avery Dennison will post 10.13 earnings per share for the current year.

Insider Transactions at Avery Dennison

In other news, SVP Ignacio J. Walker sold 1,742 shares of the company's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total value of $298,944.62. Following the completion of the transaction, the senior vice president directly owned 7,585 shares in the company, valued at approximately $1,301,661.85. This represents a 18.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.81% of the stock is currently owned by company insiders.

Institutional Trading of Avery Dennison

A number of hedge funds have recently bought and sold shares of the company. Empowered Funds LLC boosted its stake in Avery Dennison by 6.4% in the first quarter. Empowered Funds LLC now owns 13,534 shares of the industrial products company's stock worth $2,409,000 after buying an additional 819 shares in the last quarter. Focus Partners Wealth raised its stake in shares of Avery Dennison by 7.6% during the first quarter. Focus Partners Wealth now owns 3,918 shares of the industrial products company's stock worth $697,000 after acquiring an additional 278 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Avery Dennison in the 1st quarter worth approximately $1,209,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Avery Dennison by 164.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 389 shares of the industrial products company's stock worth $68,000 after acquiring an additional 242 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Avery Dennison in the 2nd quarter valued at $241,000. Institutional investors own 94.17% of the company's stock.

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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