Equity analyst Loop Capital raised the price target of the stock on October 26 changing the price objective from $99.00 to $106.00 and issued a "Hold" rating. KeyCorp reiterated a "hold" rating on shares of Avery Dennison Corporation in a report on Friday, September 22nd. The value of the investment in Avery Dennison Corp increased from $214,000 to $230,000 a change of 7.5% for the reporting period.
The company is so far trading up from yesterday's close of 107.93. The sale was disclosed in a legal filing with the SEC, which is available at this link. Avery Dennison Corporation's quarterly revenue was up 11.3% on a year-over-year basis. research analysts expect that Avery Dennison Corporation will post 4.93 earnings per share for the current year. J P Morgan Chase & Co cut shares of Avery Dennison Corporation from an "overweight" rating to a "neutral" rating in a research note on Thursday.
A total of 6 analysts have released a report on Avery Dennison Corp. zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $81.83. Also, Chairman Dean A. Scarborough sold 10,000 shares of the firm's stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $94.00, for a total transaction of $28,012.00.
Avery Dennison Corp has PE ratio of 24.93 with a one year low of $68.55 and a one year high of $106.24 and has a market capitalization of $0. (NYSE:AVY) last issued its quarterly earnings data on Wednesday, October 26th. 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 Corporation had a net margin of 6.27% and a return on equity of 40.52%. Xact Kapitalforvaltning AB now owns 15,170 shares of the industrial products company's stock valued at $1,341,000 after purchasing an additional 359 shares in the last quarter. 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. Fox Run Management L.L.C. purchased a new position in Avery Dennison Corporation during the second quarter valued at approximately $442,000. The disclosure for this sale can be found here. The industrial products company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.05. Its position stood at $58,753,000 an increase of $5,972,000 as of the end of the quarter.
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. The firm had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.65 billion. During the same quarter in the prior year, the company earned $1.01 EPS. Atria Investments LLC purchased a new position in Avery Dennison Corporation during the second quarter valued at approximately $515,000.
COPYRIGHT VIOLATION NOTICE: "Dupont Capital Management Corp Has $4.62 Million Position in Avery Dennison Corporation (AVY)" was first published by Week Herald and is the sole property of of Week Herald. This represents a $1.80 annualized dividend and a dividend yield of 1.67%. Avery Dennison Corp.'s dividend payout ratio is presently 47.40%. The correct version of this article can be viewed at https://www.truebluetribune.com/2017/11/14/avery-dennison-corporation-avy-price-target-raised-to-106-00.html. Avery Dennison Corporation's revenue was up 11.3% compared to the same quarter a year ago. The Company's LGM segment manufactures 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.