Avery Dennison (NYSE:AVY) PT Raised to $220.00 at JPMorgan Chase & Co.

Avery Dennison (NYSE:AVY) had its price target upped by equities researchers at JPMorgan Chase & Co. from $218.00 to $220.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 0.45% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. UBS Group lifted their target price on shares of Avery Dennison from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Robert W. Baird lifted their target price on shares of Avery Dennison from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday. Bank of America cut shares of Avery Dennison from a “buy” rating to an “underperform” rating and set a $208.00 target price on the stock. in a research report on Tuesday, January 2nd. Citigroup raised their price target on shares of Avery Dennison from $223.00 to $234.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Finally, Raymond James reissued an “outperform” rating and issued a $240.00 price target (up previously from $225.00) on shares of Avery Dennison in a report on Thursday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $224.00.

Avery Dennison Stock Performance

Avery Dennison stock opened at $219.02 on Thursday. The firm’s fifty day moving average price is $215.71 and its 200-day moving average price is $200.36. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.69 and a current ratio of 0.87. The stock has a market cap of $17.64 billion, a P/E ratio of 31.97, a price-to-earnings-growth ratio of 3.28 and a beta of 0.90. Avery Dennison has a fifty-two week low of $158.93 and a fifty-two week high of $225.26.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $2.16 earnings per share for the quarter, meeting the consensus estimate of $2.16. The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Avery Dennison had a net margin of 6.56% and a return on equity of 32.59%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company posted $1.65 EPS. On average, equities research analysts expect that Avery Dennison will post 9.26 earnings per share for the current fiscal year.

Insider Activity at Avery Dennison

In related news, Director Julia A. Stewart sold 5,311 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $202.26, for a total transaction of $1,074,202.86. Following the transaction, the director now owns 5,018 shares in the company, valued at $1,014,940.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Julia A. Stewart sold 5,311 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $202.26, for a total transaction of $1,074,202.86. Following the transaction, the director now owns 5,018 shares in the company, valued at $1,014,940.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Ignacio J. Walker sold 5,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $213.90, for a total transaction of $1,069,500.00. Following the transaction, the senior vice president now owns 6,102 shares in the company, valued at approximately $1,305,217.80. The disclosure for this sale can be found here. Insiders have sold 19,879 shares of company stock worth $4,217,705 over the last 90 days. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Avery Dennison

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC grew its holdings in Avery Dennison by 38.3% in the third quarter. Exchange Traded Concepts LLC now owns 3,298 shares of the industrial products company’s stock worth $602,000 after purchasing an additional 914 shares during the period. Caprock Group LLC purchased a new stake in Avery Dennison in the third quarter worth about $284,000. Oak Thistle LLC purchased a new stake in Avery Dennison in the third quarter worth about $287,000. Czech National Bank grew its holdings in Avery Dennison by 47.4% in the third quarter. Czech National Bank now owns 14,084 shares of the industrial products company’s stock worth $2,573,000 after purchasing an additional 4,527 shares during the period. Finally, Connecticut Wealth Management LLC purchased a new stake in Avery Dennison in the third quarter worth about $247,000. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Company Profile

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally. It provides pressure-sensitive materials comprising papers, plastic films, metal foils, and fabrics; performance tapes products, including tapes for wire harnessing, as well as cable wrapping for automotive, electrical, and general industrial applications; mechanical fasteners, which are precision-extruded and injection-molded plastic devices used in various automotive, general industrial, and retail applications; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, Yongle, and Avery Dennison brands.