UBS Group set a $125.00 price target on Avery Dennison (NYSE:AVY) in a research note released on Friday, www.tipranks.com reports. The firm currently has a buy rating on the industrial products company’s stock.

AVY has been the topic of a number of other reports. BMO Capital Markets set a $98.00 target price on Avery Dennison and gave the stock a hold rating in a report on Thursday, October 25th. They noted that the move was a valuation call. Barclays decreased their target price on Avery Dennison from $135.00 to $130.00 and set an overweight rating on the stock in a report on Monday, October 29th. ValuEngine cut Avery Dennison from a hold rating to a sell rating in a report on Friday, October 26th. Citigroup decreased their target price on Avery Dennison from $128.00 to $122.00 and set a buy rating on the stock in a report on Wednesday, October 24th. Finally, Zacks Investment Research upgraded Avery Dennison from a sell rating to a hold rating in a report on Wednesday, November 21st. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Avery Dennison presently has a consensus rating of Buy and an average target price of $117.50.

Shares of AVY stock traded up $1.75 during mid-day trading on Friday, hitting $96.57. 555,804 shares of the stock traded hands, compared to its average volume of 517,310. Avery Dennison has a twelve month low of $82.89 and a twelve month high of $123.67. The stock has a market cap of $8.37 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 2.12 and a beta of 1.28. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.71 and a current ratio of 1.00.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings results on Tuesday, October 23rd. The industrial products company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.02). Avery Dennison had a net margin of 4.36% and a return on equity of 49.86%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter last year, the business posted $1.26 earnings per share. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities research analysts predict that Avery Dennison will post 6.04 earnings per share for the current year.

In related news, Director David E. I. Pyott sold 2,000 shares of Avery Dennison stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $93.00, for a total value of $186,000.00. Following the transaction, the director now directly owns 17,293 shares in the company, valued at approximately $1,608,249. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC grew its holdings in shares of Avery Dennison by 86.1% during the second quarter. Millennium Management LLC now owns 211,855 shares of the industrial products company’s stock valued at $21,630,000 after buying an additional 98,045 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Avery Dennison by 29.1% during the second quarter. California Public Employees Retirement System now owns 399,121 shares of the industrial products company’s stock valued at $40,750,000 after buying an additional 90,023 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Avery Dennison by 316.5% during the second quarter. Jane Street Group LLC now owns 14,927 shares of the industrial products company’s stock valued at $1,524,000 after buying an additional 11,343 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of Avery Dennison by 91.7% during the second quarter. Schroder Investment Management Group now owns 143,577 shares of the industrial products company’s stock valued at $14,449,000 after buying an additional 68,667 shares in the last quarter. Finally, Royal London Asset Management Ltd. purchased a new position in shares of Avery Dennison during the second quarter valued at $3,997,000. Institutional investors and hedge funds own 83.88% of the company’s stock.

Avery Dennison Company Profile

Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands. It also offers durable cast and reflective films.

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Analyst Recommendations for Avery Dennison (NYSE:AVY)

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