Lending markets

Avery Dennison (NYSE:AVY) Given Maintains BMO Capital Markets Rating

Avery Denison (NYSE: AVYGet a rating)The stock had its “holding” rating reaffirmed by investment analysts at BMO Capital Markets in a research note released to investors on Thursday, Benzinga reports.

Several other equity research analysts have also recently commented on the company. Loop Capital lowered its price target on Avery Dennison from $209.00 to $202.00 and set a “buy” rating on the stock in a Wednesday, April 13 research report. Credit Suisse Group lowered its price target on Avery Dennison from $195.00 to $188.00 in a Wednesday, April 20 research report. JPMorgan Chase & Co. upgraded Avery Dennison from a “neutral” rating to an “overweight” rating and lowered its price target for the company from $215.00 to $195.00 in a Wednesday, April 27 report. UBS Group reduced its price target on Avery Dennison from $195.00 to $180.00 in a Wednesday July 13 research note. To finish, StockNews.com Avery Dennison’s purported cover in a Thursday, March 31, research note. They issued a “holding” rating on the stock. Two analysts gave the stock a hold rating and four gave the company a buy rating. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $208.00.

Avery Dennison trades up 0.7%

NYSE-AVY opened at $190.46 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.71 and a debt ratio of 1.44. Avery Dennison has a 12-month low of $151.62 and a 12-month high of $229.24. The stock has a market capitalization of $15.56 billion, a P/E ratio of 21.82, a P/E/G ratio of 2.54 and a beta of 0.93. The stock’s fifty-day moving average price is $168.31 and its 200-day moving average price is $175.50.

Avery Denison (NYSE: AVYGet a rating) last released its quarterly earnings data on Wednesday, July 27. The industrial products company reported EPS of $2.64 for the quarter, beating the consensus estimate of $2.37 by $0.27. Avery Dennison had a return on equity of 40.50% and a net margin of 8.37%. The company posted revenue of $2.35 billion for the quarter, versus $2.33 billion expected by analysts. During the same period last year, the company posted earnings per share of $2.25. Avery Dennison’s sales increased by 11.7% compared to the same quarter last year. As a group, equity analysts expect Avery Dennison to post 9.67 EPS for the current fiscal year.

Hedge funds weigh on Avery Dennison

Several institutional investors have recently increased or reduced their stake in AVY. Capital Analysts LLC bought a new position in Avery Dennison during Q4, valued at around $30,000. Edmond DE Rothschild Holding SA bought a new position in Avery Dennison shares in the 4th quarter for a value of approximately $31,000. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in Avery Dennison stock in Q4 worth around $39,000. JW Cole Advisors Inc. bought a new position in Avery Dennison stock in Q1 worth approximately $44,000. Finally, Trust Co. of Vermont bought a new position in Avery Dennison stock in Q2 worth about $49,000. Hedge funds and other institutional investors hold 88.83% of the company’s shares.

About Avery Dennison

(Get a 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 labels and packaging materials; and graphic and reflective products under the Fasson, JAC, Avery Dennison and Mactac brands, as well as durable cast and reflective films.

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