Truist Financial Has Lowered Expectations for Avery Dennison (NYSE:AVY) Stock Price

Avery Dennison (NYSE:AVY) had its price objective decreased by Truist Financial from $221.00 to $209.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Truist Financial’s target price would indicate a potential upside of 32.78% from the company’s current price.

Several other research analysts have also recently weighed in on the company. Raymond James Financial set a $192.00 price objective on Avery Dennison in a research report on Tuesday, April 21st. UBS Group cut their target price on Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Citigroup decreased their target price on shares of Avery Dennison from $185.00 to $184.00 and set a “neutral” rating for the company in a research report on Thursday, July 9th. Argus set a $175.00 price target on shares of Avery Dennison in a research report on Thursday, June 4th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Avery Dennison from $205.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Avery Dennison has a consensus rating of “Moderate Buy” and a consensus price target of $200.11.

Avery Dennison Trading Down 1.2%

Shares of NYSE:AVY opened at $157.41 on Wednesday. The firm has a market cap of $12.04 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 2.75 and a beta of 0.82. Avery Dennison has a 12 month low of $152.42 and a 12 month high of $199.54. The company’s fifty day simple moving average is $160.00 and its 200 day simple moving average is $173.01. 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) last released its earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.06. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the prior year, the company earned $2.30 EPS. The company’s revenue was up 7.0% on a year-over-year basis. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. As a group, research analysts forecast that Avery Dennison will post 10 EPS for the current fiscal year.

Institutional Investors Weigh In On Avery Dennison

A number of institutional investors and hedge funds have recently modified their holdings of AVY. Bartlett & CO. Wealth Management LLC lifted its stake in Avery Dennison by 16,900.0% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 169 shares during the last quarter. Elevation Wealth Partners LLC increased its position in Avery Dennison by 684.0% during the second quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company’s stock worth $32,000 after buying an additional 171 shares during the last quarter. Root Financial Partners LLC raised its stake in Avery Dennison by 60.8% in the fourth quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock valued at $35,000 after buying an additional 73 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in shares of Avery Dennison in the third quarter valued at approximately $36,000. Finally, Godfrey Financial Associates Inc. bought a new position in shares of Avery Dennison during the 4th quarter worth approximately $37,000. 94.17% of the stock is owned by institutional investors.

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.