Avery Dennison (NYSE:AVY) Price Target Cut to $225.00 by Analysts at Barclays

Avery Dennison (NYSE:AVY - Get Free Report) had its price target cut by equities research analysts at Barclays from $245.00 to $225.00 in a report issued on Monday,Benzinga reports. The firm presently has an "overweight" rating on the industrial products company's stock. Barclays's target price points to a potential upside of 23.92% from the company's current price.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. raised shares of Avery Dennison from a "neutral" rating to an "overweight" rating and decreased their price objective for the stock from $210.00 to $205.00 in a research note on Friday, January 31st. UBS Group decreased their price target on Avery Dennison from $235.00 to $207.00 and set a "neutral" rating for the company in a research note on Friday, January 10th. StockNews.com downgraded Avery Dennison from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. Bank of America decreased their target price on Avery Dennison from $238.00 to $220.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, Raymond James reaffirmed an "outperform" rating and issued a $208.00 price target (down previously from $218.00) on shares of Avery Dennison in a research note on Friday, January 31st. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $227.15.

Avery Dennison Price Performance

Shares of AVY traded down $3.06 during midday trading on Monday, hitting $181.57. 872,968 shares of the company traded hands, compared to its average volume of 783,675. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.73 and a current ratio of 1.08. The stock has a market cap of $14.59 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 1.37 and a beta of 0.89. Avery Dennison has a 52 week low of $179.20 and a 52 week high of $233.48. The firm has a 50 day moving average of $191.86 and a 200-day moving average of $205.18.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $2.38 EPS for the quarter, missing analysts' consensus estimates of $2.39 by ($0.01). Avery Dennison had a return on equity of 33.06% and a net margin of 8.05%. On average, analysts forecast that Avery Dennison will post 10.03 EPS for the current fiscal year.

Insider Buying and Selling

In other Avery Dennison news, SVP Nicholas Colisto sold 3,679 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $206.00, for a total value of $757,874.00. Following the completion of the transaction, the senior vice president now directly owns 7,126 shares in the company, valued at approximately $1,467,956. The trade was a 34.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Empirical Finance LLC boosted its stake in Avery Dennison by 2.0% in the third quarter. Empirical Finance LLC now owns 2,822 shares of the industrial products company's stock valued at $623,000 after acquiring an additional 55 shares in the last quarter. Procyon Advisors LLC boosted its position in shares of Avery Dennison by 4.0% in the 3rd quarter. Procyon Advisors LLC now owns 1,442 shares of the industrial products company's stock worth $319,000 after purchasing an additional 56 shares in the last quarter. Greenleaf Trust grew its stake in Avery Dennison by 4.4% during the 4th quarter. Greenleaf Trust now owns 1,352 shares of the industrial products company's stock worth $253,000 after buying an additional 57 shares during the last quarter. AdvisorNet Financial Inc increased its position in Avery Dennison by 18.8% during the 4th quarter. AdvisorNet Financial Inc now owns 367 shares of the industrial products company's stock valued at $69,000 after buying an additional 58 shares in the last quarter. Finally, Lindenwold Advisors INC raised its stake in Avery Dennison by 0.6% in the third quarter. Lindenwold Advisors INC now owns 10,266 shares of the industrial products company's stock valued at $2,266,000 after buying an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company's stock.

About Avery Dennison

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally. It provides pressure-sensitive materials comprising papers, plastic films, metal foils, and fabrics; performance tapes products, including tapes for wire harnessing, as well as cable wrapping for automotive, electrical, and general industrial applications; mechanical fasteners, which are precision-extruded and injection-molded plastic devices used in various automotive, general industrial, and retail applications; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, Yongle, and Avery Dennison brands.