Weiss Ratings Reaffirms Hold (C-) Rating for Avery Dennison (NYSE:AVY)

Key Points

• Weiss Ratings has reaffirmed a Hold (C-) rating for Avery Dennison (NYSE:AVY), citing ongoing analysis and market conditions.
• Several investment firms have changed their price targets for Avery Dennison, with JPMorgan Chase raising it to $182.00 and Raymond James increasing it to $200.00, while Citigroup decreased theirs to $177.00.
• Avery Dennison's recent quarterly earnings showed earnings per share (EPS) of $2.42, slightly above analysts' expectations, with total revenue reported at $2.22 billion.

Avery Dennison (NYSE:AVY - Get Free Report)'s stock had its "hold (c-)" rating reiterated by analysts at Weiss Ratings in a report released on Tuesday,Weiss Ratings reports.

AVY has been the subject of several other reports. JPMorgan Chase & Co. raised their price objective on Avery Dennison from $172.00 to $182.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Raymond James Financial raised their price objective on Avery Dennison from $194.00 to $200.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. UBS Group dropped their price objective on Avery Dennison from $188.00 to $181.00 and set a "neutral" rating for the company in a research note on Monday, October 6th. BMO Capital Markets reissued an "outperform" rating and set a $207.00 price target (down previously from $216.00) on shares of Avery Dennison in a research report on Wednesday, July 23rd. Finally, Citigroup dropped their price target on Avery Dennison from $191.00 to $177.00 and set a "neutral" rating for the company in a research report on Monday, September 29th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $195.30.

Avery Dennison Stock Performance

Avery Dennison stock traded up $1.78 during mid-day trading on Tuesday, reaching $159.27. 164,187 shares of the company were exchanged, compared to its average volume of 718,593. Avery Dennison has a twelve month low of $156.23 and a twelve month high of $222.16. The firm's 50-day simple moving average is $167.63 and its two-hundred day simple moving average is $172.93. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.70 and a current ratio of 1.04. The firm has a market cap of $12.42 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 2.34 and a beta of 0.95.

Avery Dennison (NYSE:AVY - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $2.42 earnings per share for the quarter, topping analysts' consensus estimates of $2.38 by $0.04. Avery Dennison had a return on equity of 33.14% and a net margin of 8.14%.The company had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.23 billion. During the same period last year, the firm earned $2.42 EPS. The firm's revenue for the quarter was down .7% on a year-over-year basis. Avery Dennison has set its Q3 2025 guidance at 2.240-2.40 EPS. Equities analysts predict that Avery Dennison will post 9.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AVY. GAMMA Investing LLC boosted its holdings in Avery Dennison by 9.4% in the first quarter. GAMMA Investing LLC now owns 2,409 shares of the industrial products company's stock valued at $429,000 after acquiring an additional 207 shares during the last quarter. CX Institutional acquired a new position in Avery Dennison in the first quarter valued at $118,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Avery Dennison by 1.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,185 shares of the industrial products company's stock valued at $2,169,000 after acquiring an additional 217 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in Avery Dennison by 2.3% in the first quarter. Exchange Traded Concepts LLC now owns 4,210 shares of the industrial products company's stock valued at $749,000 after acquiring an additional 96 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in Avery Dennison in the first quarter valued at $3,199,000. Institutional investors and hedge funds 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.

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