JPMorgan Chase & Co. Issues Positive Forecast for Avery Dennison (NYSE:AVY) Stock Price

Key Points

• JPMorgan raised Avery Dennison’s price target to $190 from $185 and maintained an “overweight” rating, implying 12.63% upside from the previous close.
• Avery Dennison reported strong quarterly results, with EPS of $2.89 versus the $2.47 consensus and revenue of $2.46 billion versus $2.30 billion expected. Revenue increased 10.9% year over year, supported by pricing actions and productivity gains.
• Analyst sentiment remains positive, with seven Buy ratings and two Holds producing a “Moderate Buy” consensus and a $201 price target. However, potential customer destocking and weaker Solutions Group sales could weigh on second-half growth.

Avery Dennison (NYSE:AVY - Get Free Report) had its target price lifted by investment analysts at JPMorgan Chase & Co. from $185.00 to $190.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the industrial products company's stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 12.63% from the company's previous close.

A number of other equities analysts have also recently commented on the stock. UBS Group reiterated a "buy" rating and issued a $225.00 target price on shares of Avery Dennison in a research report on Friday. Citigroup reaffirmed a "neutral" rating on shares of Avery Dennison in a research note on Friday. Truist Financial reduced their price target on Avery Dennison from $221.00 to $209.00 and set a "buy" rating on the stock in a research report on Wednesday, July 15th. Bank of America upped 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, Raymond James Financial set a $192.00 price objective on Avery Dennison in a research report on Tuesday, April 21st. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Avery Dennison currently has a consensus rating of "Moderate Buy" and a consensus price target of $201.00.

Avery Dennison Price Performance

Shares of NYSE AVY traded down $6.12 during trading hours on Friday, reaching $168.70. 474,178 shares of the stock traded hands, compared to its average volume of 690,229. The company's 50-day simple moving average is $160.45 and its two-hundred day simple moving average is $171.23. The company has a market capitalization of $12.90 billion, a P/E ratio of 19.01, a price-to-earnings-growth ratio of 2.97 and a beta of 0.82. Avery Dennison has a 52-week low of $152.42 and a 52-week high of $199.54. The company has a quick ratio of 0.80, a current ratio of 1.15 and a debt-to-equity ratio of 1.38.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.89 EPS for the quarter, beating analysts' consensus estimates of $2.47 by $0.42. The business had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.30 billion. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The business's quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the business earned $2.42 earnings per share. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. Equities research analysts forecast that Avery Dennison will post 10 EPS for the current year.

Institutional Trading of Avery Dennison

A number of hedge funds have recently modified their holdings of the business. Revolve Wealth Partners LLC purchased a new position in Avery Dennison during the 2nd quarter valued at about $591,000. Franklin Street Advisors Inc. NC grew its holdings in Avery Dennison by 12.2% in the second quarter. Franklin Street Advisors Inc. NC now owns 2,757 shares of the industrial products company's stock worth $448,000 after purchasing an additional 299 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Avery Dennison during the second quarter valued at approximately $40,000. Elevation Wealth Partners LLC lifted its holdings in shares of Avery Dennison by 684.0% during the second quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 171 shares during the last quarter. Finally, Czech National Bank lifted its holdings in shares of Avery Dennison by 3.4% during the second quarter. Czech National Bank now owns 21,772 shares of the industrial products company's stock valued at $3,535,000 after purchasing an additional 721 shares during the last quarter. Institutional investors own 94.17% of the company's stock.

Key Headlines Impacting Avery Dennison

Here are the key news stories impacting Avery Dennison this week:

• Positive Sentiment: Q2 earnings and revenue beat expectations. Avery Dennison reported adjusted earnings of $2.89 per share, exceeding the $2.47 consensus estimate, while revenue reached $2.46 billion versus expectations of $2.30 billion. Revenue grew 10.9% year over year, and earnings increased from $2.42 per share in the prior-year quarter. Avery Dennison Announces Second Quarter 2026 Results
• Positive Sentiment: Pricing, productivity gains and volume growth supported margins. Management cited pricing actions and productivity improvements as key contributors to the quarterly outperformance. Materials Group sales rose 15.9% to approximately $1.8 billion, more than offsetting weaker performance in the Solutions Group. Avery Dennison Q2 Earnings Beat on Pricing & Productivity Gains
• Positive Sentiment: Full-year guidance was raised. Avery Dennison provided 2026 reported EPS guidance of $9.40 to $9.70, signaling increased confidence in its ability to sustain earnings momentum. The company also issued third-quarter guidance above the prior market consensus, although the published figures appear inconsistent across reports. Avery Dennison Is Up After EPS Beat and Higher 2026 Guidance
• Neutral Sentiment: Avery Dennison returned $347 million to shareholders through dividends and share repurchases during the first half, supporting shareholder returns but not materially changing the earnings outlook.
• Negative Sentiment: Second-half destocking remains a risk. Management flagged potential inventory reductions by customers, while Solutions Group sales declined 0.5% to roughly $667 million. These factors could temper growth after the strong second quarter. Avery Dennison Q2 Earnings Beat on Pricing & Productivity Gains
• Negative Sentiment: Reported insider activity has been heavily weighted toward selling, with no insider purchases cited over the past six months. This is a secondary concern compared with the earnings beat and raised guidance.

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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