Citigroup Has Lowered Expectations for Avery Dennison (NYSE:AVY) Stock Price

Avery Dennison (NYSE:AVY) had its price objective reduced by research analysts at Citigroup from $185.00 to $184.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. Citigroup’s price objective points to a potential upside of 14.54% from the company’s current price.

Other research analysts also recently issued research reports about the company. Truist Financial reiterated a “buy” rating and set a $221.00 target price (down from $223.00) on shares of Avery Dennison in a report on Wednesday, April 29th. Raymond James Financial set a $192.00 price target on Avery Dennison in a research note on Tuesday, April 21st. Argus set a $175.00 price objective on Avery Dennison in a research report on Thursday, June 4th. JPMorgan Chase & Co. reduced their target price on shares of Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Finally, UBS Group lowered their price target on shares of Avery Dennison from $226.00 to $222.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Avery Dennison has an average rating of “Moderate Buy” and a consensus target price of $200.38.

Avery Dennison Trading Up 1.7%

NYSE:AVY traded up $2.69 during mid-day trading on Thursday, reaching $160.65. 259,331 shares of the company’s stock traded hands, compared to its average volume of 671,656. The company has a 50 day moving average price of $160.40 and a 200-day moving average price of $173.63. The firm has a market capitalization of $12.29 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 2.84 and a beta of 0.82. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.15 and a quick ratio of 0.80. Avery Dennison has a 12-month low of $152.42 and a 12-month high of $199.54.

Avery Dennison (NYSE:AVY) last announced its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.06. Avery Dennison had a return on equity of 33.69% and a net margin of 7.66%.The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the firm posted $2.30 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, sell-side analysts predict that Avery Dennison will post 10 earnings per share for the current year.

Hedge Funds Weigh In On Avery Dennison

Several institutional investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Avery Dennison during the 2nd quarter worth approximately $40,000. Elevation Wealth Partners LLC boosted its stake in shares of Avery Dennison by 684.0% during the second quarter. Elevation Wealth Partners LLC now owns 196 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 171 shares during the period. Czech National Bank increased its stake in Avery Dennison by 3.4% in the 2nd quarter. Czech National Bank now owns 21,772 shares of the industrial products company’s stock worth $3,535,000 after buying an additional 721 shares during the period. Assenagon Asset Management S.A. boosted its position in Avery Dennison by 1,503.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 94,561 shares of the industrial products company’s stock valued at $15,352,000 after buying an additional 88,664 shares during the period. Finally, Bill Few Associates Inc. grew its stake in Avery Dennison by 2.5% in the 2nd quarter. Bill Few Associates Inc. now owns 21,444 shares of the industrial products company’s stock worth $3,481,000 after acquiring an additional 522 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

About Avery Dennison

Avery Dennison (NYSE:AVY) is a global materials science and manufacturing company specializing in labeling and packaging solutions. The company develops pressure-sensitive materials, tags and labels, and adhesive technologies that help brands and businesses enhance product identification, branding and supply-chain performance. Avery Dennison’s offerings range from industrial and retail labeling to high-performance tapes, films and graphics materials used across multiple end markets.

The company operates through several key segments, including Label and Graphic Materials, which supplies pressure-sensitive materials for consumer goods; Retail Branding and Information Solutions, offering apparel tags, RFID inlays and digital product identification; Pressure-Sensitive Materials, providing specialty tapes and adhesives; and RF Technologies, focused on advanced RFID and IoT labeling solutions.