Avery Dennison Corporation (AVY) Receives Price Target

Avery Dennison Corporation (AVY) : The highest short term price target forecast on Avery Dennison Corporation (AVY) is $100 and the lowest target price is $78. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $87.67 with a standard deviation of $11.24.

Avery Dennison Corporation (AVY) : The consensus on Avery Dennison Corporation (AVY) based on 5 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Avery Dennison Corporation (AVY).


Also, Equity Analysts at the JP Morgan maintains the rating on Avery Dennison Corporation (NYSE:AVY). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency raises the price target from $78 per share to $80 per share. The rating by the firm was issued on July 27, 2016.

Avery Dennison Corporation (NYSE:AVY): The stock opened at $77.56 on Thursday but the bulls could not build on the opening and the stock topped out at $77.92 for the day. The stock traded down to $76.81 during the day, due to lack of any buying support eventually closed down at $77.34 with a loss of -0.13% for the day. The stock had closed at $77.44 on the previous day. The total traded volume was 484,325 shares.

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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