Avery Dennison (NYSE:AVY) Upgraded by JPMorgan Chase & Co. to "Overweight" Rating

Key Points

• Avery Dennison has been upgraded from a "neutral" to an "overweight" rating by JPMorgan Chase & Co., with a price target of $195.00, indicating an upside potential of 8.87% from its previous close.
• Other brokerages have issued varying ratings for Avery Dennison, with a consensus rating of "Moderate Buy" and a consensus price target of $200.30.
• The company's recent quarterly earnings report showed an EPS of $2.37, beating analysts' expectations, and revenue of $2.22 billion, reflecting a year-over-year growth of 1.5%.

Avery Dennison (NYSE:AVY - Get Free Report) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a note issued to investors on Thursday, Marketbeat reports. The brokerage currently has a $195.00 price target on the industrial products company's stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 8.87% from the company's previous close.

A number of other brokerages also recently issued reports on AVY. BMO Capital Markets restated an "outperform" rating and set a $207.00 price objective (down from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. Truist Financial cut their target price on Avery Dennison from $204.00 to $203.00 and set a "buy" rating on the stock in a research report on Monday, October 13th. Raymond James Financial lifted their price objective on shares of Avery Dennison from $194.00 to $200.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Bank of America lifted their price objective on shares of Avery Dennison from $195.00 to $208.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Avery Dennison in a report on Tuesday, October 14th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $200.30.

Avery Dennison Trading Up 9.5%

Shares of AVY opened at $179.11 on Thursday. The company's fifty day moving average is $166.41 and its 200 day moving average is $172.31. Avery Dennison has a fifty-two week low of $156.23 and a fifty-two week high of $220.02. The stock has a market capitalization of $13.97 billion, a PE ratio of 20.10, a P/E/G ratio of 2.42 and a beta of 0.95. 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 quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $2.37 EPS for the quarter, topping analysts' consensus estimates of $2.32 by $0.05. Avery Dennison had a net margin of 8.14% and a return on equity of 33.14%. The business had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.22 billion. During the same period last year, the company posted $2.33 EPS. The business's revenue was up 1.5% on a year-over-year basis. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. Sell-side analysts expect that Avery Dennison will post 9.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Avery Dennison

Hedge funds have recently added to or reduced their stakes in the stock. Bayforest Capital Ltd bought a new position in Avery Dennison in the 1st quarter worth about $27,000. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of Avery Dennison by 89.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 80 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in 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 valued at $30,000 after purchasing an additional 112 shares in the last quarter. NewSquare Capital LLC raised its position in Avery Dennison by 156.2% during the 2nd quarter. NewSquare Capital LLC now owns 187 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 114 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in Avery Dennison during the 2nd quarter valued at $35,000. 94.17% of the stock is currently owned by 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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