Avery Dennison (NYSE:AVY) Now Covered by Jefferies Financial Group

Equities research analysts at Jefferies Financial Group initiated coverage on shares of Avery Dennison (NYSE:AVY - Get Free Report) in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage set a "hold" rating and a $175.00 price target on the industrial products company's stock. Jefferies Financial Group's price objective suggests a potential upside of 2.65% from the stock's previous close.

Other analysts have also recently issued reports about the stock. Barclays lowered their target price on shares of Avery Dennison from $245.00 to $225.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. upgraded Avery Dennison from a "neutral" rating to an "overweight" rating and lowered their price objective for the stock from $210.00 to $205.00 in a research report on Friday, January 31st. Raymond James restated an "outperform" rating and set a $208.00 target price (down from $218.00) on shares of Avery Dennison in a research report on Friday, January 31st. UBS Group lowered their price target on Avery Dennison from $207.00 to $189.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, BMO Capital Markets set a $226.00 price objective on Avery Dennison in a report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $209.80.

Avery Dennison Stock Performance

Shares of Avery Dennison stock traded down $3.14 during trading hours on Tuesday, reaching $170.48. The company had a trading volume of 694,913 shares, compared to its average volume of 593,427. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.08 and a quick ratio of 0.73. Avery Dennison has a one year low of $157.00 and a one year high of $233.48. The firm has a market cap of $13.39 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 2.07 and a beta of 0.85. The business has a fifty day simple moving average of $176.49 and a 200 day simple moving average of $189.62.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The industrial products company reported $2.30 earnings per share for the quarter, missing analysts' consensus estimates of $2.32 by ($0.02). Avery Dennison had a net margin of 8.05% and a return on equity of 33.06%. The company had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.15 billion. On average, analysts anticipate that Avery Dennison will post 9.96 earnings per share for the current fiscal year.

Insider Activity

In other Avery Dennison news, Chairman Mitchell R. Butier sold 8,068 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $186.19, for a total value of $1,502,180.92. Following the completion of the sale, the chairman now directly owns 316,300 shares of the company's stock, valued at $58,891,897. The trade was a 2.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.84% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Regents Gate Capital LLP purchased a new position in Avery Dennison in the 4th quarter worth approximately $37,000. American National Bank & Trust purchased a new position in shares of Avery Dennison in the first quarter worth $49,000. Spire Wealth Management raised its holdings in Avery Dennison by 76.0% during the 4th quarter. Spire Wealth Management now owns 301 shares of the industrial products company's stock valued at $56,000 after buying an additional 130 shares during the last quarter. AdvisorNet Financial Inc boosted its position in Avery Dennison by 18.8% during the 4th quarter. AdvisorNet Financial Inc now owns 367 shares of the industrial products company's stock valued at $69,000 after buying an additional 58 shares during the period. Finally, VisionPoint Advisory Group LLC purchased a new stake in Avery Dennison during the 4th quarter valued at $68,000. Hedge funds and other institutional investors own 94.17% of the company's stock.

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.