Analyst Rating Update on Avery Dennison Corporation (AVY)

Avery Dennison Corporation (NYSE:AVY) has an average broker rating of 1.86, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

Avery Dennison Corporation (NYSE:AVY) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $86 and the lowest price target forecast is $78. The average forecast of all the analysts is $82.5 and the expected standard deviation is $3.7.

For the current week, the company shares have a recommendation consensus of Buy. Also, JP Morgan downgrades its view on Avery Dennison Corporation (NYSE:AVY) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Overweight. JP Morgan lowers the price target from $80 per share to $78 per share on Avery Dennison Corporation. The rating by the firm was issued on May 20, 2016.

Avery Dennison Corporation (NYSE:AVY): stock turned positive on Tuesday. Though the stock opened at $71.64, the bulls momentum made the stock top out at $72.01 level for the day. The stock recorded a low of $71.13 and closed the trading day at $72, in the green by 1.25%. The total traded volume for the day was 1,426,003. The stock had closed at $71.11 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Avery Dennison Corp, Hicks Ken C had sold 5,000 shares worth of $381,150 in a transaction dated June 7, 2016. In this transaction, 5,000 shares were sold at $76.23 per share.

Avery Dennison Corporation is engaged in the production of pressure-sensitive materials and a variety of tickets, tags, labels and other converted products. The Companys pressure-sensitive materials are sold to label printers and converters that convert the materials into labels and other products through embossing, printing, stamping and die-cutting. It also sells pressure-sensitive materials in converted form as tapes and reflective sheeting. The Company also manufactures and sells a variety of other converted products and items not involving pressure-sensitive components, such as fasteners, tickets, tags, radio-frequency identification (RFID) inlays and tags, and imprinting equipment and related services, which it markets to retailers and apparel manufacturers and brand owners. The Companys operational segments include Pressure-sensitive Materials (PSM), Retail Branding and Information Solutions (RBIS), and Vancive Medical Technologies (Vancive).

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