Avery Dennison (NYSE:AVY) was upgraded by stock analysts at Loop Capital from a “hold” rating to a “buy” rating in a research note issued on Thursday, MarketBeat.com reports. The firm currently has a $124.00 price objective on the industrial products company’s stock. Loop Capital’s price target suggests a potential upside of 13.70% from the stock’s current price.

Several other analysts also recently commented on the stock. Barclays upped their price target on shares of Avery Dennison from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, July 30th. Citigroup upped their price target on shares of Avery Dennison from $126.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, July 25th. Zacks Investment Research upgraded shares of Avery Dennison from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a research report on Monday, May 21st. Finally, Bank of America upped their price target on shares of Avery Dennison from $114.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $123.78.

Shares of Avery Dennison stock opened at $109.06 on Thursday. Avery Dennison has a 12-month low of $95.96 and a 12-month high of $123.67. The company has a quick ratio of 0.79, a current ratio of 1.10 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $9.25 billion, a PE ratio of 21.79, a P/E/G ratio of 2.49 and a beta of 1.25.

Avery Dennison (NYSE:AVY) last issued its earnings results on Tuesday, July 24th. The industrial products company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.11. Avery Dennison had a net margin of 3.83% and a return on equity of 47.47%. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the business posted $1.31 EPS. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. research analysts expect that Avery Dennison will post 6.08 earnings per share for the current year.

In related news, Director Anthony Anderson sold 1,275 shares of the company’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $104.75, for a total value of $133,556.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Georges Gravanis sold 13,000 shares of the company’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $112.67, for a total transaction of $1,464,710.00. Following the transaction, the insider now owns 11,886 shares of the company’s stock, valued at approximately $1,339,195.62. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. Squar Milner Financial Services LLC purchased a new position in Avery Dennison during the 2nd quarter worth $112,000. Steward Partners Investment Advisory LLC raised its position in Avery Dennison by 270.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,152 shares of the industrial products company’s stock worth $118,000 after buying an additional 841 shares during the last quarter. Fort L.P. purchased a new position in Avery Dennison during the 2nd quarter worth $120,000. Tiverton Asset Management LLC raised its position in Avery Dennison by 50.7% during the 1st quarter. Tiverton Asset Management LLC now owns 1,478 shares of the industrial products company’s stock worth $157,000 after buying an additional 497 shares during the last quarter. Finally, Gideon Capital Advisors Inc. purchased a new position in Avery Dennison during the 1st quarter worth $205,000. Institutional investors own 84.69% 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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