Analysts Set Avery Dennison Corporation (NYSE:AVY) Target Price at $90.00

Judith Bessette
Julho 29, 2017

Hedge funds and other institutional investors own 86.96% of the company's stock. Xact Kapitalforvaltning AB's holdings in Avery Dennison Corporation were worth $1,341,000 at the end of the most recent quarter.

AVY has been the subject of a number of other reports. Nationwide Fund Advisors now owns 25,318 shares of the industrial products company's stock valued at $2,041,000 after buying an additional 1,279 shares in the last quarter. Finally, Sumitomo Life Insurance Co. raised its stake in Avery Dennison Corporation by 10.6% in the second quarter. Huntington National Bank now owns 5,530 shares of the industrial products company's stock valued at $446,000 after buying an additional 1,300 shares in the last quarter.

On 7/27/2017 Avery Dennison Corporation ( NYSE:AVY ) announced that it will be issuing a quarterly dividend in the amount of $0.45 down from $0.45 making the yield 1.97%. Avery Dennison Corporation earned a coverage optimism score of 0.24 on Accern's scale. Nisa Investment Advisors LLC now owns 33,556 shares of the industrial products company's stock valued at $2,705,000 after buying an additional 5,283 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Avery Dennison Corporation by 28.1% in the first quarter.

Avery Dennison Corporation (NYSE:AVY) last issued its quarterly earnings data on Tuesday, July 25th. The fund owned 15,170 shares of the industrial products company's stock after buying an additional 359 shares during the period. The stock's 50 day moving average is $89.29 and its 200-day moving average is $82.40. Avery Dennison Corporation has a 1-year low of $68.55 and a 1-year high of $94.49. The stock has a market capitalization of $8.18 billion, a P/E ratio of 24.25 and a beta of 1.18.

On 4/24/2014 Avery Dennison Corporation announced a quarterly dividend of $0.35. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.10. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.61 billion. Avery Dennison Corporation had a net margin of 6.14% and a return on equity of 39.29%. Analysts expect that Avery Dennison Corporation will post $4.80 earnings per share for the current fiscal year. The dividend was $0.450 per share for the quarter which is $1.80 annualized. This dividend represents a yeild of $1.92 which is the dividend as a percentage of the current share price. The ex-dividend date was Monday the 5th of June 2017.

TRADEMARK VIOLATION NOTICE: "Chevy Chase Trust Holdings Inc. Acquires 1,206 Shares of Avery Dennison Corporation (NYSE:AVY)" was published by Sports Perspectives and is owned by of Sports Perspectives.

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Many brokerage firms have quite recently commented on AVY Stocks. Macquarie Group has an ownership of 11,200 stocks of the industrial products firms shares valued $787,000 after scooping up an extra 8,500 shares through out the previous quarter, Lastly, Chevy Chase Trust Holdings raised its stake in stocks of Avery Dennison Corporation by 74.2% in the Q1. Finally, BidaskClub downgraded shares of Avery Dennison Corporation from a "buy" rating to a "hold" rating in a research report on Friday, June 9th. Zacks Investment Research upgraded Avery Dennison Corporation from a "hold" rating to a "buy" rating and set a $97.00 price objective on the stock in a research report on Wednesday, June 21st. Bank of America Corporation raised Avery Dennison Corporation from a "neutral" rating to a "buy" rating and increased their price target for the company from $90.00 to $96.00 in a research report on Tuesday, June 20th. KeyCorp reiterated a "hold" recommendation on stocks of Avery Dennison Corporation in a note on Wed, Apr 26th. Three equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The stock presently has an average rating of "Buy" and a consensus target price of $91.67.

In other Avery Dennison Corporation news, VP Deon Stander sold 5,000 shares of the business's stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $84.50, for a total value of $422,500.00. Following the completion of the sale, the vice president now owns 10,998 shares in the company, valued at $929,331. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

In related news, Director Anthony Anderson sold 950 shares of Avery Dennison Corporation stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $85.15, for a total value of $532,017.20. Following the completion of the sale, the director now owns 7,492 shares in the company, valued at approximately $632,474.64. The disclosure for this sale can be found here. Insiders have sold a total of 12,198 shares of company stock worth $1,034,716 over the last 90 days.

04/22/2016 - Credit Suisse began new coverage on Avery Dennison Corporation giving the company a " rating.

Avery Dennison Corporation (Avery Dennison) is engaged in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products.

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