Shares of Avery Dennison Corp (NYSE:AVY) have been assigned a consensus recommendation of “Hold” from the ten research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $120.18.

AVY has been the topic of a number of recent analyst reports. Citigroup increased their price objective on Silgan from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. KeyCorp reiterated a “hold” rating on shares of Silgan in a research report on Wednesday, April 24th. Bank of America set a $80.00 price objective on Colgate-Palmolive and gave the stock a “buy” rating in a research report on Friday, July 12th. JPMorgan Chase & Co. set a €8.75 ($10.17) price target on Commerzbank and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, Zacks Investment Research downgraded Wix.Com from a “hold” rating to a “sell” rating in a research report on Monday, April 8th.

In other Avery Dennison news, VP Lori J. Bondar sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $111.50, for a total transaction of $557,500.00. Following the sale, the vice president now owns 22,428 shares in the company, valued at $2,500,722. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lori J. Bondar sold 2,725 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $113.27, for a total value of $308,660.75. Following the sale, the vice president now owns 18,041 shares in the company, valued at approximately $2,043,504.07. The disclosure for this sale can be found here. Insiders have sold 17,416 shares of company stock worth $1,933,140 in the last 90 days. Company insiders own 1.30% of the company’s stock.

Large investors have recently made changes to their positions in the company. Wealthcare Advisory Partners LLC grew its stake in shares of Avery Dennison by 90.7% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 286 shares of the industrial products company’s stock valued at $26,000 after buying an additional 136 shares during the last quarter. CSat Investment Advisory L.P. grew its stake in shares of Avery Dennison by 60.8% during the fourth quarter. CSat Investment Advisory L.P. now owns 341 shares of the industrial products company’s stock valued at $31,000 after buying an additional 129 shares during the last quarter. Icon Wealth Partners LLC bought a new position in shares of Avery Dennison during the first quarter valued at about $36,000. Bremer Bank National Association bought a new position in shares of Avery Dennison during the first quarter valued at about $58,000. Finally, Washington Trust Bank grew its stake in shares of Avery Dennison by 104.9% during the first quarter. Washington Trust Bank now owns 547 shares of the industrial products company’s stock valued at $62,000 after buying an additional 280 shares during the last quarter. 88.59% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AVY stock traded up $0.01 on Friday, reaching $113.86. The company’s stock had a trading volume of 328,462 shares, compared to its average volume of 577,683. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.14 and a quick ratio of 0.80. Avery Dennison has a 12-month low of $82.89 and a 12-month high of $120.65. The firm has a market cap of $9.61 billion, a P/E ratio of 18.79, a P/E/G ratio of 2.10 and a beta of 1.35. The company has a 50 day simple moving average of $112.90.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.02. Avery Dennison had a return on equity of 53.28% and a net margin of 2.74%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the business posted $1.44 earnings per share. The firm’s revenue was down 2.0% compared to the same quarter last year. On average, analysts predict that Avery Dennison will post 6.56 earnings per share for the current fiscal year.

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, as well as durable cast and reflective films.

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Analyst Recommendations for Avery Dennison (NYSE:AVY)

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