Avery Dennison (NYSE:AVY) Earns Hold Rating from Analysts at Jefferies Financial Group

Stock analysts at Jefferies Financial Group started coverage on shares of Avery Dennison (NYSE:AVY - Get Free Report) in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm set a "hold" rating and a $175.00 price target on the industrial products company's stock. Jefferies Financial Group's price target would suggest a potential upside of 2.13% from the stock's current price.

Other research analysts also recently issued research reports about the company. BMO Capital Markets set a $226.00 price objective on Avery Dennison in a research note on Monday, February 3rd. JPMorgan Chase & Co. upgraded shares of Avery Dennison from a "neutral" rating to an "overweight" rating and dropped their price target for the company from $210.00 to $205.00 in a research note on Friday, January 31st. Raymond James reissued an "outperform" rating and issued a $208.00 price target (down from $218.00) on shares of Avery Dennison in a report on Friday, January 31st. Citigroup reduced their price target on shares of Avery Dennison from $228.00 to $202.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Finally, UBS Group decreased their price target on shares of Avery Dennison from $207.00 to $189.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $209.80.

Avery Dennison Trading Down 1.3 %

NYSE:AVY traded down $2.27 during mid-day trading on Tuesday, hitting $171.35. 16,991 shares of the company's stock were exchanged, compared to its average volume of 591,094. The firm has a market capitalization of $13.46 billion, a P/E ratio of 19.65, a PEG ratio of 2.07 and a beta of 0.85. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 1.10. Avery Dennison has a fifty-two week low of $157.00 and a fifty-two week high of $233.48. The company has a 50 day simple moving average of $176.76 and a 200-day simple moving average of $190.10.

Avery Dennison (NYSE:AVY - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The industrial products company reported $2.30 EPS for the quarter, missing the consensus estimate of $2.32 by ($0.02). The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.15 billion. Avery Dennison had a net margin of 8.05% and a return on equity of 33.06%. As a group, research analysts expect that Avery Dennison will post 9.96 earnings per share for the current year.

Insider Activity at Avery Dennison

In other news, Chairman Mitchell R. Butier sold 12,969 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $181.85, for a total value of $2,358,412.65. Following the completion of the sale, the chairman now owns 303,331 shares of the company's stock, valued at $55,160,742.35. This trade represents a 4.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.84% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Avery Dennison

A number of large investors have recently made changes to their positions in AVY. Nordea Investment Management AB grew its position in shares of Avery Dennison by 485.2% during the 4th quarter. Nordea Investment Management AB now owns 35,630 shares of the industrial products company's stock valued at $6,715,000 after acquiring an additional 29,541 shares during the period. Meyer Handelman Co. purchased a new stake in shares of Avery Dennison in the fourth quarter valued at approximately $4,263,000. JPMorgan Chase & Co. raised its stake in shares of Avery Dennison by 12.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 420,232 shares of the industrial products company's stock worth $92,771,000 after buying an additional 46,390 shares during the period. Fifth Third Wealth Advisors LLC acquired a new stake in Avery Dennison in the 4th quarter valued at $218,000. Finally, Merit Financial Group LLC acquired a new position in Avery Dennison during the fourth quarter worth $203,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Avery Dennison Company Profile

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.