Avery Dennison (NYSE:AVY) PT Lowered to $188.00 at Credit Suisse Group

Avery Dennison (NYSE:AVYGet Rating) had its price objective decreased by Credit Suisse Group from $195.00 to $188.00 in a research report sent to investors on Wednesday, The Fly reports.

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.

Avery Dennison (NYSE:AVYGet Rating) last issued its earnings results on Wednesday, February 2nd. The industrial products company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.02). Avery Dennison had a return on equity of 42.63% and a net margin of 8.80%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the prior year, the business earned $2.27 EPS. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities research analysts anticipate that Avery Dennison will post 9.6 EPS for the current year.

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.

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