Shares of Avery Dennison Corporation (NYSE:AVY) have earned an average recommendation of "Buy" from the ten analysts that are covering the stock, MarketBeat reports. Equity analyst Barclays PLC raised the price target on October 30 changing the forecast from $105.00 to $120.00 and issued a "Overweight" rating. Dupont Capital Management Corp owned 0.05% of Avery Dennison Corporation worth $4,621,000 as of its most recent filing with the SEC.
Avery Dennison Corporation (NYSE:AVY) had its price objective boosted by equities researchers at Loop Capital from $99.00 to $106.00 in a research note issued to investors on Thursday, October 26th. BidaskClub upgraded shares of Avery Dennison Corporation from a "buy" rating to a "strong-buy" rating in a report on Wednesday, June 28th. Zacks Investment Research lowered shares of Avery Dennison Corp. from a "buy" rating to a "hold" rating in a research report on Tuesday, September 20th.
The company is now up from yesterday's close of 105.19. The sale was disclosed in a filing with the SEC, which is accessible through this link. 735,800 shares of the company's stock traded hands, compared to its average volume of 657,230. Captrust Financial Advisors acquired a new position in Avery Dennison Corporation during the second quarter valued at approximately $130,000. Avery Dennison Corporation has a 1-year low of $69.15 and a 1-year high of $108.99. The shares were sold at an average price of $94.00, for a total transaction of $28,012.00.
Shares of Avery Dennison Corporation (AVY) opened at $107.94 on Tuesday.
In other Avery Dennison Corporation news, VP Deon Stander sold 3,000 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $93.63, for a total transaction of $936,300.00. Avery Dennison Corp now has a P/E ratio of 24.15 and the market value is 9.53B.
Avery Dennison Corporation (NYSE:AVY) last issued its quarterly earnings data on Wednesday, October 25th.
In other news, Director David E.I. Pyott sold 298 shares of the stock in a transaction that occurred on Monday, August 28th. The value of the investment in AVY increased from $1,573,000 to $1,777,000 a change of $204,000 quarter over quarter. Corporate insiders own 1.40% of the company's stock. Creative Planning now owns 2,578 shares of the company's stock valued at $193,000 after buying an additional 987 shares during the last quarter. Eads & Heald Investment Counsel lifted its holdings in shares of Avery Dennison Corporation by 59.6% in the 3rd quarter. The industrial products company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.05. The disclosure for this sale can be found here. Finally, BB&T Securities LLC acquired a new position in shares of Avery Dennison Corp. during the first quarter valued at $219,000. Avery Dennison Corp. The business earned $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. The firm's revenue for the quarter was up 11.3% compared to the same quarter past year. Its stake stood at $31,870,000 an increase of $7,784,000 as of quarter end. Avery Dennison Corp.'s quarterly revenue was up 2.8% compared to the same quarter past year. Private Trust Co. NA now owns 5,327 shares of the industrial products company's stock valued at $470,000 after purchasing an additional 28 shares in the last quarter. Stockholders of record on Wednesday, December 6th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.67%.
WARNING: "Avery Dennison Corporation (AVY) Receives $101.20 Average Price Target from Brokerages" was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal.
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. NA lifted its holdings in Avery Dennison Corporation by 0.5% during the second quarter. The Company's segments include Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials (IHM).