Bank of America Issues Positive Forecast for Avery Dennison (NYSE:AVY) Stock Price

Avery Dennison (NYSE:AVY) had its price target hoisted by equities researchers at Bank of America from $202.00 to $210.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Bank of America‘s price objective suggests a potential upside of 33.09% from the stock’s previous close.

Several other equities research analysts have also commented on AVY. Weiss Ratings lowered Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. Truist Financial reiterated a “buy” rating and issued a $221.00 target price (down from $223.00) on shares of Avery Dennison in a report on Wednesday, April 29th. UBS Group cut their price target on Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Citigroup reduced their price objective on shares of Avery Dennison from $185.00 to $184.00 and set a “neutral” rating for the company in a research report on Thursday, July 9th. Finally, Argus set a $175.00 price objective on shares of Avery Dennison in a research note on Thursday, June 4th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $201.44.

Avery Dennison Trading Down 0.9%

AVY stock traded down $1.45 during midday trading on Tuesday, hitting $157.79. The stock had a trading volume of 42,179 shares, compared to its average volume of 669,635. The company has a current ratio of 1.15, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38. The firm has a market cap of $12.07 billion, a P/E ratio of 17.82, a price-to-earnings-growth ratio of 2.78 and a beta of 0.82. The business has a fifty day moving average price of $160.10 and a two-hundred day moving average price of $173.18. Avery Dennison has a 1-year low of $152.42 and a 1-year high of $199.54.

Avery Dennison (NYSE:AVY) last issued its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.06. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period last year, the business posted $2.30 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, sell-side analysts predict that Avery Dennison will post 10 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Avery Dennison

A number of institutional investors have recently modified their holdings of the company. Revolve Wealth Partners LLC bought a new position in shares of Avery Dennison in the 2nd quarter worth $591,000. Franklin Street Advisors Inc. NC grew its position in Avery Dennison by 12.2% in the 2nd quarter. Franklin Street Advisors Inc. NC now owns 2,757 shares of the industrial products company’s stock valued at $448,000 after purchasing an additional 299 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Avery Dennison during the 2nd quarter valued at $40,000. Elevation Wealth Partners LLC raised its holdings in Avery Dennison by 684.0% during the second quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company’s stock worth $32,000 after buying an additional 171 shares during the last quarter. Finally, Czech National Bank raised its holdings in Avery Dennison by 3.4% during the second quarter. Czech National Bank now owns 21,772 shares of the industrial products company’s stock worth $3,535,000 after buying an additional 721 shares during the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

About Avery Dennison

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.