Avery Dennison Stock Gets Reaffirmed “Buy” Rating

Equities research analysts at Truist Financial have reaffirmed their “buy” rating for Avery Dennison stock. They have also given the company a price target of $215.00, indicating a potential upside of 18.20%. Other research analysts have also weighed in on the stock, with most giving it a “buy” rating.

Shares of Avery Dennison stock traded slightly down at $181.90 on Friday. The stock has a fifty-day moving average of $181.61 and a 200-day moving average of $175.32. Avery Dennison has a market cap of $14.66 billion and a PE ratio of 26.21. The company’s one-year low is $157.28 and the one-year high is $195.95. It has a debt-to-equity ratio of 1.44.

Avery Dennison recently announced its quarterly earnings results. The company reported earnings per share of $1.92 for the quarter, missing analysts’ consensus estimates of $2.05. The company’s revenue for the quarter was $2.09 billion, compared to analyst estimates of $2.17 billion. Despite the missed estimates, Avery Dennison has a positive outlook for the current year, with analysts forecasting earnings per share of $8.04.

In related news, Director Julia A. Stewart sold 5,633 shares of Avery Dennison stock, while SVP Ignacio J. Walker sold 403 shares. There has also been significant institutional activity, with large investors buying and selling shares of the company.

Avery Dennison Corporation is a materials science and digital identification solutions company. It provides branding and information labeling solutions, including pressure-sensitive materials and RFID inlays and tags. The company designs and manufactures a range of labeling and functional materials that enhance branded packaging and improve customer experience.

Overall, Avery Dennison stock remains an attractive investment option with a positive outlook and buy ratings from analysts.

– Benzinga: https://www.benzinga.com/stock/avy/analyst-ratings
– MarketBeat: https://www.marketbeat.com/stocks/NYSE/AVY/
– SEC: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000008818
– Avery Dennison website: https://www.averydennison.com/en/home.html