Avery Dennison Corporation (AVY) : The consensus on Avery Dennison Corporation (AVY) based on 7 analyst recommendation on the company stock is 2.29, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 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).
Avery Dennison Corporation (AVY) : 4 investment research analysts covering Avery Dennison Corporation (AVY) have an average price target of $81 for the near short term. The highest target price given by the Brokerage Firm to the stock is $86 and the lowest target is $75 for the short term. Analysts expect the variance to be within $5.35 of the average price.
Company shares have received an average consensus rating of Hold for the current week
Avery Dennison Corporation (NYSE:AVY): The stock opened at $73.16 on Tuesday but the bulls could not build on the opening and the stock topped out at $73.45 for the day. The stock traded down to $72.72 during the day, due to lack of any buying support eventually closed down at $72.96 with a loss of -0.04% for the day. The stock had closed at $72.99 on the previous day. The total traded volume was 1,027,292 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).