Press coverage about Avery Dennison (NYSE:AVY) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Avery Dennison earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.1376608416504 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
Several equities analysts have commented on AVY shares. JPMorgan Chase & Co. downgraded Avery Dennison from a “neutral” rating to an “underweight” rating and set a $113.00 price objective on the stock. in a research report on Thursday, February 1st. Bank of America upped their price objective on Avery Dennison from $128.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Zacks Investment Research raised Avery Dennison from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research report on Monday, February 5th. Barclays upped their price objective on Avery Dennison from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Finally, BMO Capital Markets started coverage on Avery Dennison in a research report on Tuesday, March 27th. They issued a “market perform” rating and a $120.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $123.11.
Shares of Avery Dennison traded down $0.50, reaching $108.48, during midday trading on Friday, according to Marketbeat. 398,763 shares of the stock were exchanged, compared to its average volume of 706,617. Avery Dennison has a 52 week low of $83.10 and a 52 week high of $123.67. The company has a current ratio of 1.12, a quick ratio of 0.79 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $9.59 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 2.59 and a beta of 1.27.
Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Wednesday, April 25th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.08. Avery Dennison had a return on equity of 44.21% and a net margin of 4.32%. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the company earned $1.11 EPS. The business’s revenue was up 13.0% compared to the same quarter last year. equities research analysts predict that Avery Dennison will post 6.01 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 20th. Stockholders of record on Wednesday, June 6th will be given a dividend of $0.52 per share. This is an increase from Avery Dennison’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, June 5th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.92%. Avery Dennison’s dividend payout ratio is presently 36.00%.
In other news, VP Susan C. Miller sold 15,848 shares of the stock in a transaction on Friday, March 16th. The stock was sold at an average price of $111.08, for a total transaction of $1,760,395.84. Following the transaction, the vice president now owns 13,409 shares of the company’s stock, valued at approximately $1,489,471.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dean A. Scarborough sold 6,026 shares of the stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $106.11, for a total value of $639,418.86. Following the transaction, the director now directly owns 50,927 shares in the company, valued at approximately $5,403,863.97. The disclosure for this sale can be found here. Insiders have sold a total of 135,005 shares of company stock worth $14,578,468 in the last three months. Corporate insiders own 1.30% of the company’s stock.
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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