Loop Capital Raises Avery Dennison Corporation (NYSE:AVY) Price Target to $106.00

Cornelia Mascio
Novembre 14, 2017

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.

Traders are more bearish on Avery Dennison Corp if you take note of the rise in short interest.

Loop Capital raised the price target of the stock on October 26 changing the forecast from $99.00 to $106.00 and stated a "Hold" rating. KeyCorp reaffirmed a "hold" rating on shares of Avery Dennison Corporation in a research note on Friday, September 22nd. Finally, Zacks Investment Research lowered shares of Avery Dennison Corporation from a "buy" rating to a "hold" rating in a report on Tuesday, September 26th.

The company is now up from yesterday's close of 105.19. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 735,800 shares of the company's stock traded hands, compared to its average volume of 657,230. Creative Planning raised its position in shares of Avery Dennison Corp.by 62.0% in the second quarter. Avery Dennison Corp. has a 12-month low of $57.06 and a 12-month high of $79.27. The stock was sold at an average price of $78.61, for a total value of $157,220.00.

Shares of Avery Dennison Corporation (AVY) opened at $107.94 on Tuesday. The stock was sold at an average price of $78.10, for a total transaction of $903,382.70. The firm has a market cap of $9,260.55, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 3.05 and a beta of 1.22.

Avery Dennison Corporation (NYSE:AVY) last announced its earnings results on Wednesday, October 25th. Also, Director David E.I. Pyott sold 2,000 shares of the company's stock in a transaction that occurred on Monday, August 8th.

Avery Dennison Corp. had a return on equity of 35.98% and a net margin of 5.27%. Following the completion of the sale, the director now directly owns 10,519 shares of the company's stock, valued at approximately $984,893.97.

ILLEGAL ACTIVITY NOTICE: "Avery Dennison Corporation (NYSE:AVY) Chairman Sells $463,738.00 in Stock" was published by StockNewsTimes and is the property of of StockNewsTimes. The disclosure for this sale can be found here. 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 (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.05. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Avery Dennison Corporation in the first quarter worth approximately $1,027,000. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. The Company also manufactures and sells a range of other converted products and items not involving pressure-sensitive components, such as fasteners, tickets, tags, radio-frequency identification (RFID) inlays and tags, and imprinting equipment and related services, which the Company markets to retailers, apparel manufacturers, and brand owners. Avery Dennison Corp.'s quarterly revenue was up 2.8% compared to the same quarter previous year. During the same quarter a year ago, the firm earned $1.01 earnings per share. Stockholders of record on Wednesday, December 6th will be paid a $0.45 dividend. Finally, Davidson & Garrard Inc. bought a new position in Avery Dennison Corporation in the third quarter valued at approximately $202,000. This represents a $1.64 annualized dividend and a dividend yield of 2.33%. Avery Dennison Corp.'s dividend payout ratio is presently 47.40%. Citigroup Inc. upped their price target on shares of Avery Dennison Corporation from $106.00 to $108.00 and gave the company a "buy" rating in a report on Wednesday, July 26th. The Company's segments include Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials (IHM). Some pressure-sensitive materials are sold to label printers and converters that convert the materials into labels and other products through embossing, printing, stamping and die-cutting.

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