Avery Dennison Corporation (AVY) Receives $95.60 Consensus Target Price from Analysts

Lloyd Doyle
September 17, 2017

The Senator Investment Group Lp holds 2.75 million shares with $137.06 million value, down from 5.00M last quarter. Korn Ferry Intl now has $2.08 billion valuation. The company had a trading volume of 668,404 shares. Metlife Inc (NYSE:MET) has risen 13.92% since September 15, 2016 and is uptrending. It has outperformed by 1.31% the S&P500. American Beacon Advisors Inc. acquired a new position in shares of Avery Dennison Corporation in the first quarter worth about $105,000. The stock has a consensus rating of "Buy" and a consensus target price of $92.86. The stock declined 0.27% or $0.13 reaching $48.22 per share. Avery Dennison Corp (NYSE:AVY) has risen 10.91% since September 15, 2016 and is uptrending. It has underperformed by 5.79% the S&P500.

Insiders own 2.70% of the company's stock. $532,017 worth of Avery Dennison Corp (NYSE:AVY) was sold by Anderson Anthony. About 903,393 shares traded or 62.43% up from the average. Endurant Capital Management Limited Partnership holds 0.1% or 9,626 shares.

Avery Dennison Corporation (Avery Dennison), launched on February 23, 1977, is involved in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products. Jefferies Group Llc who had been investing in Avery Dennison Corp for a number of months, seems to be bullish on the $8.56 billion market cap company. The Company's divisions include Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials (IHM). It has a 22.68 P/E ratio. The Company's LGM segment makes and sells Fasson-, JAC-, and Avery Dennison-brand pressure-sensitive label and packaging materials, Avery Dennison- and Mactac-brand graphics, and Avery Dennison-brand reflective products. Avery Dennison Corporation had a return on equity of 39.29% and a net margin of 6.14%. Therefore 33% are positive. Avery Dennison Corporation has a 52 week low of $68.55 and a 52 week high of $97.11.

It is now trading at $96.83 a bit higher than $93.66, the stock's 50 day moving average and well above the 200 day moving average of $86.71. The firm earned "Buy" rating on Tuesday, June 20 by Bank of America. As per Friday, January 6, the company rating was upgraded by Citigroup. Aegis assumed coverage on Avery Dennison Corporation in a research note on Monday, November 21st.

Headlines about Avery Dennison Corporation (NYSE:AVY) have been trending positive on Saturday, Accern reports. KeyBanc Capital Markets maintained Avery Dennison Corp (NYSE:AVY) on Wednesday, June 21 with "Hold" rating.

Avery Dennison Corporation (NYSE:AVY) traded down 0.20% during mid-day trading on Tuesday, reaching $79.29. The firm earned "Overweight" rating on Thursday, October 27 by JP Morgan.

Analysts await Avery Dennison Corp (NYSE:AVY) to report earnings on October, 25. As of the last earnings report the EPS was $4.26 and is estimated to be $4.83 for the current year with 88,388,000 shares now outstanding. After $1.41 actual EPS reported by Royal Bank of Canada for the previous quarter, Wall Street now forecasts 7.80% EPS growth.


Investors sentiment increased to 0.97 in Q4 2016. Its down 0.14, from 0.96 in 2016Q3.

Many high profile hedge funds purchased or disposed their positions in the share. Corporate insiders own 1.40% of the company's stock. Guardian Life Of America reported 0% of its portfolio in Avery Dennison Corp (NYSE:AVY). Allianz Asset Mngmt Ag stated it has 0.01% in Avery Dennison Corp (NYSE:AVY). JPMorgan Chase & Co. boosted its stake in shares of Avery Dennison Corporation by 43.6% in the first quarter. Baring Asset Management Ltd controls 160,113 shares with a value of $14,150,000. Virtus Inv Advisers holds 0.12% or 22,375 shares in its portfolio. Sumitomo Life Insur invested in 0.19% or 18,681 shares. Sei Invs Com stated it has 89,083 shares. Caxton Associate L P invested in 80,000 shares. Sg Americas Secs Limited Liability Company accumulated 5,064 shares. Barclays Capital maintained Avery Dennison Corp (NYSE:AVY) on Monday, May 2 with "Overweight" rating. Cipher Capital Limited Partnership accumulated 25,409 shares. The industrial products company reported $1.31 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.21 by $0.10.

Among 15 analysts covering Southwest Airlines Co.

Among 3 analysts covering Korn/Ferry International (NYSE:KFY), 1 have Buy rating, 0 Sell and 2 Hold. Spectranetics had 33 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has "Neutral" rating given on Wednesday, December 7 by Bank of America. As per Friday, April 15, the company rating was upgraded by Barclays Capital. The rating was downgraded by JP Morgan to "Neutral" on Friday, May 20. The ex-dividend date is Friday, September 1st. On Thursday, September 3 the stock rating was maintained by IBC with "Sector Perform".

Investors sentiment decreased to 0.83 in Q4 2016. Its down 0.06, from 1 in 2016Q3. It fall, as 71 investors sold LUV shares while 296 reduced holdings. 122 funds opened positions while 279 raised stakes. Northern Trust Corporation invested in 0% or 623,033 shares. Ftb Incorporated holds 300 shares. Nationwide Fund Advsr reported 0.01% stake. Janus Capital Management Limited Liability Corp invested in 1.27 million shares. Brown Advisory reported 0.01% of its portfolio in Metlife Inc (NYSE:MET). 29,655 are held by Profit Mgmt Ltd Liability Com. Cleararc Capital invested 0.26% in Metlife Inc (NYSE:MET). 6,547 are held by Mckinley Mngmt Llc Delaware. Shell Asset invested 0.4% of its portfolio in Metlife Inc (NYSE:MET). Sheets Smith Wealth Management reported 10,351 shares stake. M&T Bank & Trust reported 26,888 shares stake.

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