Citigroup Issues Pessimistic Forecast for Avery Dennison (NYSE:AVY) Stock Price

Key Points

• Citigroup cut its price target for Avery Dennison from $201 to $190 while keeping a neutral rating, implying about an 11.08% upside from the current stock price.
• Across analysts, sentiment is cautiously positive with 10 Buy and 3 Hold ratings, a consensus price target of $206.50 and an average rating of "Moderate Buy."
• Avery Dennison shares traded at $171.06 (down $1.17) with a 52-week range of $156.23–$199.54, and insiders sold a total of 34,156 shares (~$5.93 million) in the last three months.

Avery Dennison (NYSE:AVY - Get Free Report) had its price objective decreased by equities researchers at Citigroup from $201.00 to $190.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the industrial products company's stock. Citigroup's target price suggests a potential upside of 11.08% from the company's current price.

Several other equities research analysts have also recently weighed in on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Avery Dennison in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft began coverage on shares of Avery Dennison in a research report on Wednesday, April 1st. They set a "buy" rating and a $200.00 price objective for the company. UBS Group cut their price objective on shares of Avery Dennison from $226.00 to $222.00 and set a "buy" rating for the company in a research report on Friday. BMO Capital Markets upped their price objective on shares of Avery Dennison from $215.00 to $224.00 and gave the stock an "outperform" rating in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Avery Dennison from $195.00 to $205.00 and gave the stock an "overweight" rating in a research report on Monday, February 9th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $206.50.

Avery Dennison Stock Performance

Shares of AVY stock traded down $1.17 on Tuesday, hitting $171.06. The company's stock had a trading volume of 124,148 shares, compared to its average volume of 640,216. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.76 and a current ratio of 1.13. The stock's 50 day moving average is $180.85 and its 200-day moving average is $177.60. Avery Dennison has a fifty-two week low of $156.23 and a fifty-two week high of $199.54. The company has a market capitalization of $13.16 billion, a PE ratio of 19.48, a PEG ratio of 2.82 and a beta of 1.00.

Avery Dennison (NYSE:AVY - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.40 by $0.05. Avery Dennison had a net margin of 7.77% and a return on equity of 33.84%. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the company posted $2.38 earnings per share. Avery Dennison's revenue was up 3.9% compared to the same quarter last year. Avery Dennison has set its Q1 2026 guidance at 2.400-2.46 EPS. Equities research analysts expect that Avery Dennison will post 9.96 earnings per share for the current fiscal year.

Insider Transactions at Avery Dennison

In related news, Director Mitchell R. Butier sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $173.88, for a total value of $3,477,600.00. Following the completion of the transaction, the director owned 211,147 shares in the company, valued at $36,714,240.36. This trade represents a 8.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ignacio J. Walker sold 1,156 shares of the firm's stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $192.95, for a total transaction of $223,050.20. Following the completion of the transaction, the senior vice president owned 7,588 shares of the company's stock, valued at approximately $1,464,104.60. This trade represents a 13.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 34,156 shares of company stock valued at $5,930,150 in the last three months. Company insiders own 0.81% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Coldstream Capital Management Inc. raised its holdings in Avery Dennison by 2.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,163 shares of the industrial products company's stock valued at $393,000 after buying an additional 54 shares during the last quarter. Huntington National Bank increased its stake in shares of Avery Dennison by 3.2% in the fourth quarter. Huntington National Bank now owns 1,832 shares of the industrial products company's stock valued at $333,000 after buying an additional 56 shares during the period. Portside Wealth Group LLC raised its position in shares of Avery Dennison by 4.7% during the third quarter. Portside Wealth Group LLC now owns 1,340 shares of the industrial products company's stock worth $217,000 after acquiring an additional 60 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in shares of Avery Dennison by 3.4% in the fourth quarter. Capital Investment Advisors LLC now owns 1,838 shares of the industrial products company's stock worth $334,000 after acquiring an additional 61 shares during the period. Finally, Resources Management Corp CT ADV boosted its holdings in Avery Dennison by 0.8% in the second quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company's stock valued at $1,369,000 after acquiring an additional 62 shares during the last quarter. Institutional investors own 94.17% of the company's stock.

Avery Dennison Company Profile

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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