Media headlines about Avery Dennison (NYSE:AVY) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Avery Dennison earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 46.0076419939559 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
AVY has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered shares of Avery Dennison from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $113.00 to $107.00 in a report on Friday, March 16th. KeyCorp reiterated a “hold” rating on shares of Avery Dennison in a report on Wednesday, April 25th. Barclays decreased their price objective on shares of Avery Dennison from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday. Zacks Investment Research lowered shares of Avery Dennison from a “buy” rating to a “hold” rating in a report on Monday, May 14th. Finally, Citigroup decreased their price objective on shares of Avery Dennison from $140.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, April 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $122.00.
NYSE:AVY opened at $100.32 on Thursday. Avery Dennison has a one year low of $87.43 and a one year high of $123.67. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.12 and a quick ratio of 0.79. The stock has a market capitalization of $8.94 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 2.42 and a beta of 1.25.
Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Wednesday, April 25th. The industrial products company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.36 by $0.08. Avery Dennison had a net margin of 4.32% and a return on equity of 44.21%. The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the business posted $1.11 EPS. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. research analysts forecast that Avery Dennison will post 5.99 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 20th. Stockholders of record on Wednesday, June 6th were issued a $0.52 dividend. The ex-dividend date was Tuesday, June 5th. This represents a $2.08 annualized dividend and a dividend yield of 2.07%. This is a positive change from Avery Dennison’s previous quarterly dividend of $0.45. Avery Dennison’s payout ratio is currently 41.60%.
In other news, Director Dean A. Scarborough sold 6,026 shares of the business’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $106.11, for a total value of $639,418.86. Following the completion of the sale, the director now owns 50,927 shares in the company, valued at approximately $5,403,863.97. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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.
Receive News & Ratings for Avery Dennison Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avery Dennison and related companies with MarketBeat.com's FREE daily email newsletter.