Avery Dennison (NYSE:AVY) is set to post its quarterly earnings results before the market opens on Wednesday, January 31st. Analysts expect Avery Dennison to post earnings of $1.25 per share for the quarter.
Avery Dennison (AVY) opened at $121.02 on Monday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.13 and a quick ratio of 0.82. The stock has a market capitalization of $10,650.00, a PE ratio of 27.01, a PEG ratio of 3.17 and a beta of 1.24. Avery Dennison has a 52-week low of $71.71 and a 52-week high of $123.20.
In related news, Director Peter K. Barker sold 2,000 shares of Avery Dennison stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $114.76, for a total value of $229,520.00. Following the completion of the sale, the director now directly owns 26,703 shares in the company, valued at approximately $3,064,436.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Dean A. Scarborough sold 10,000 shares of Avery Dennison stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $105.88, for a total value of $1,058,800.00. Following the completion of the sale, the chairman now owns 74,042 shares of the company’s stock, valued at $7,839,566.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 124,604 shares of company stock valued at $13,329,871. 1.40% of the stock is owned by insiders.
AVY has been the subject of several recent analyst reports. Zacks Investment Research raised Avery Dennison from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Tuesday, November 7th. Barclays lifted their price target on Avery Dennison from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. JPMorgan Chase & Co. lowered Avery Dennison from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 26th. KeyCorp reaffirmed a “hold” rating on shares of Avery Dennison in a research report on Monday, October 30th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $115.00 price target on shares of Avery Dennison in a research report on Friday, October 27th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Avery Dennison presently has a consensus rating of “Buy” and a consensus target price of $116.57.
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About Avery Dennison
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 Company’s segments include Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials (IHM).
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