Avery Dennison (NYSE:AVY) Raised to Buy at Wall Street Zen

Avery Dennison (NYSE:AVY) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other equities research analysts also recently commented on the company. Weiss Ratings downgraded Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 8th. Bank of America upped their price target on Avery Dennison from $202.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Truist Financial dropped their price objective on shares of Avery Dennison from $221.00 to $209.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Argus set a $175.00 target price on shares of Avery Dennison in a research report on Thursday, June 4th. Finally, Citigroup upped their target price on shares of Avery Dennison from $184.00 to $186.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $201.22.

Avery Dennison Price Performance

Avery Dennison stock opened at $177.08 on Friday. Avery Dennison has a 52-week low of $152.42 and a 52-week high of $199.54. The firm has a fifty day moving average of $162.08 and a 200-day moving average of $170.61. The firm has a market capitalization of $13.42 billion, a P/E ratio of 19.40, a PEG ratio of 3.07 and a beta of 0.81. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 1.37.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.42. Avery Dennison had a net margin of 7.62% and a return on equity of 34.60%. The firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same period in the prior year, the company earned $2.42 EPS. The firm’s revenue was up 10.9% on a year-over-year basis. Avery Dennison has set its Q3 2026 guidance at 10.000-10.300 EPS. As a group, analysts predict that Avery Dennison will post 10.13 EPS for the current year.

Insiders Place Their Bets

In other Avery Dennison news, SVP Ignacio J. Walker sold 1,742 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $171.61, for a total transaction of $298,944.62. Following the completion of the sale, the senior vice president owned 7,585 shares in the company, valued at $1,301,661.85. This trade represents a 18.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Avery Dennison

Institutional investors and hedge funds have recently made changes to their positions in the business. Trust Co. of Vermont bought a new stake in shares of Avery Dennison in the second quarter worth $27,000. Bartlett & CO. Wealth Management LLC boosted its stake in Avery Dennison by 16,900.0% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 169 shares during the last quarter. Elevation Wealth Partners LLC grew its holdings in Avery Dennison by 684.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 171 shares in the last quarter. Root Financial Partners LLC grew its holdings in Avery Dennison by 60.8% during the 4th quarter. Root Financial Partners LLC now owns 193 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 73 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Avery Dennison in the 3rd quarter worth about $36,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Avery Dennison Company Profile

Avery Dennison (NYSE:AVY) is a global materials science and manufacturing company specializing in labeling and packaging solutions. The company develops pressure-sensitive materials, tags and labels, and adhesive technologies that help brands and businesses enhance product identification, branding and supply-chain performance. Avery Dennison’s offerings range from industrial and retail labeling to high-performance tapes, films and graphics materials used across multiple end markets.

The company operates through several key segments, including Label and Graphic Materials, which supplies pressure-sensitive materials for consumer goods; Retail Branding and Information Solutions, offering apparel tags, RFID inlays and digital product identification; Pressure-Sensitive Materials, providing specialty tapes and adhesives; and RF Technologies, focused on advanced RFID and IoT labeling solutions.