Avery Dennison (NYSE:AVY) Given New $234.00 Price Target at Truist Financial

Avery Dennison (NYSE:AVY) had its price target upped by stock analysts at Truist Financial from $213.00 to $234.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Truist Financial’s price target points to a potential upside of 28.29% from the company’s previous close.

A number of other research analysts have also recently commented on the company. JPMorgan Chase & Co. upgraded Avery Dennison from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $182.00 to $195.00 in a research note on Thursday, October 23rd. Citigroup reiterated a “neutral” rating on shares of Avery Dennison in a research note on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Avery Dennison in a research note on Monday, December 29th. BMO Capital Markets reissued an “outperform” rating and set a $210.00 price target on shares of Avery Dennison in a report on Thursday, October 23rd. Finally, Argus set a $200.00 price objective on shares of Avery Dennison in a research note on Tuesday, October 28th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Avery Dennison presently has an average rating of “Moderate Buy” and an average target price of $203.36.

Avery Dennison Stock Performance

Shares of AVY opened at $182.40 on Tuesday. Avery Dennison has a 12 month low of $156.23 and a 12 month high of $196.40. The company has a current ratio of 1.26, a quick ratio of 0.89 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $14.10 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 2.25 and a beta of 1.00. The stock has a 50 day moving average of $176.52 and a 200 day moving average of $173.14.

Avery Dennison (NYSE:AVY) last posted its earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.05. Avery Dennison had a return on equity of 33.67% and a net margin of 7.93%.The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the business earned $2.33 EPS. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. As a group, sell-side analysts forecast that Avery Dennison will post 9.96 earnings per share for the current year.

Institutional Investors Weigh In On Avery Dennison

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AVY. Strengthening Families & Communities LLC grew its position in Avery Dennison by 16.6% during the 2nd quarter. Strengthening Families & Communities LLC now owns 408 shares of the industrial products company’s stock worth $73,000 after purchasing an additional 58 shares in the last quarter. Portside Wealth Group LLC boosted its holdings in Avery Dennison by 4.7% in the third quarter. Portside Wealth Group LLC now owns 1,340 shares of the industrial products company’s stock worth $217,000 after acquiring an additional 60 shares in the last quarter. Resources Management Corp CT ADV raised its holdings in Avery Dennison by 0.8% during the 2nd quarter. Resources Management Corp CT ADV now owns 7,800 shares of the industrial products company’s stock valued at $1,369,000 after acquiring an additional 62 shares during the period. Bill Few Associates Inc. increased its holdings in Avery Dennison by 0.5% during the 2nd quarter. Bill Few Associates Inc. now owns 13,341 shares of the industrial products company’s stock valued at $2,341,000 after purchasing an additional 67 shares during the period. Finally, Diversified Trust Co boosted its holdings in shares of Avery Dennison by 0.5% during the 2nd quarter. Diversified Trust Co now owns 13,287 shares of the industrial products company’s stock valued at $2,331,000 after acquiring an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

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.