Avery Dennison (NYSE:AVY) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $5.85-6.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.88.
Several research firms recently commented on AVY. UBS began coverage on shares of Avery Dennison in a research report on Thursday, January 18th. They issued a buy rating and a $135.00 price target for the company. Zacks Investment Research cut shares of Avery Dennison from a buy rating to a hold rating in a research note on Friday, January 5th. BMO Capital Markets began coverage on shares of Avery Dennison in a research note on Tuesday, March 27th. They issued a market perform rating and a $120.00 price objective on the stock. Bank of America boosted their price objective on shares of Avery Dennison from $128.00 to $133.00 and gave the company a buy rating in a research note on Thursday, February 1st. Finally, Citigroup dropped their price objective on shares of Avery Dennison from $140.00 to $125.00 and set a buy rating on the stock in a research note on Thursday, April 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $123.67.
AVY traded up $0.76 during trading on Wednesday, hitting $106.16. The stock had a trading volume of 474,250 shares, compared to its average volume of 713,695. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.83 and a current ratio of 1.13. The stock has a market capitalization of $9,409.16, a P/E ratio of 21.23, a P/E/G ratio of 2.60 and a beta of 1.25. Avery Dennison has a twelve month low of $80.91 and a twelve month high of $123.67.
Avery Dennison (NYSE:AVY) last announced its quarterly earnings data on Wednesday, April 25th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.08. Avery Dennison had a net margin of 4.26% and a return on equity of 42.26%. The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the previous year, the company posted $1.11 EPS. Avery Dennison’s revenue was up 13.0% compared to the same quarter last year. sell-side analysts predict that Avery Dennison will post 5.88 EPS for the current year.
In other news, Director Dean A. Scarborough sold 30,000 shares of the company’s stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $110.48, for a total transaction of $3,314,400.00. Following the transaction, the director now directly owns 136,953 shares of the company’s stock, valued at approximately $15,130,567.44. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dean A. Scarborough sold 6,026 shares of the company’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $106.11, for a total transaction of $639,418.86. Following the transaction, the director now directly owns 50,927 shares in the company, valued at $5,403,863.97. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 166,409 shares of company stock worth $18,288,509. Corporate insiders own 1.30% of the company’s stock.
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Avery Dennison Company Profile
Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands. It also offers durable cast and reflective films.
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