Other analysts also recently issued research reports about the company. Loop Capital dropped their price target on Avery Dennison from $209.00 to $202.00 and set a buy rating for the company in a research report on Wednesday, April 13th. Citigroup dropped their price target on Avery Dennison from $255.00 to $247.00 in a research report on Friday, April 8th. Truist Financial started coverage on Avery Dennison in a research report on Friday, March 25th. They set a buy rating and a $227.00 price target for the company. UBS Group lifted their price target on Avery Dennison from $232.00 to $234.00 and gave the company a neutral rating in a research report on Tuesday, January 4th. Finally, StockNews.com started coverage on Avery Dennison in a research report on Thursday, March 31st. They set a hold rating for the company. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Buy and a consensus price target of $226.08.
Shares of NYSE AVY opened at $167.42 on Wednesday. Avery Dennison has a 52 week low of $156.51 and a 52 week high of $229.24. The business has a 50-day simple moving average of $171.97 and a two-hundred day simple moving average of $196.71. The company has a quick ratio of 0.72, a current ratio of 1.07 and a debt-to-equity ratio of 1.45. The company has a market cap of $13.81 billion, a P/E ratio of 18.94, a P/E/G ratio of 2.48 and a beta of 1.02.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 16th. Shareholders of record on Wednesday, March 2nd were paid a $0.68 dividend. The ex-dividend date was Tuesday, March 1st. This represents a $2.72 dividend on an annualized basis and a yield of 1.62%. Avery Dennison’s dividend payout ratio (DPR) is currently 30.77%.
A number of institutional investors have recently made changes to their positions in AVY. CVA Family Office LLC purchased a new position in Avery Dennison in the 4th quarter worth approximately $28,000. Quent Capital LLC purchased a new position in Avery Dennison in the 4th quarter worth approximately $29,000. Capital Analysts LLC purchased a new position in Avery Dennison in the 4th quarter worth approximately $30,000. Edmond DE Rothschild Holding S.A. purchased a new position in Avery Dennison in the 4th quarter worth approximately $31,000. Finally, Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in shares of Avery Dennison during the fourth quarter valued at approximately $39,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.
About Avery Dennison (Get Rating)
Avery Dennison Corporation manufactures and markets pressure-sensitive materials and products in the United States, Europe, Asia, Latin America, and internationally. 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.
- Get a free copy of the StockNews.com research report on Avery Dennison (AVY)
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