Equities research analysts at Credit Suisse lifted their price target on shares of Avery Dennison Corp. (NYSE:AVY) from $38.00 to $45.00 in a research note issued to investors on Thursday, Analyst Ratings Network.com reports. The firm currently has an “underperform” rating on the stock. Credit Suisse’s target price would indicate a potential upside of 1.81% from the company’s current price.
AVY has been the subject of a number of other recent research reports. Analysts at Zacks reiterated an “outperform” rating on shares of Avery Dennison Corp. in a research note to investors on Wednesday. They now have a $54.00 price target on the stock. Separately, analysts at Ned Davis Research downgraded shares of Avery Dennison Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Monday, July 1st.
One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Avery Dennison Corp. currently has a consensus rating of “Hold” and an average price target of $43.14.
Avery Dennison Corp. (NYSE: AVY) traded down 1.06% on Thursday, hitting $43.73. Avery Dennison Corp. has a 52-week low of $28.91 and a 52-week high of $46.96. The stock’s 50-day moving average is currently $43.58. The company has a market cap of $4.355 billion and a price-to-earnings ratio of 19.74.
Avery Dennison Corp. (NYSE:AVY) last released its earnings data on Tuesday, July 23rd. The company reported $0.71 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.70 by $0.01. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company posted $0.56 earnings per share. Avery Dennison Corp.’s revenue was up 4.2% compared to the same quarter last year. Avery Dennison Corp. has set its FY13 guidance at $2.50-2.70 EPS. Analysts expect that Avery Dennison Corp. will post $2.59 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Friday, August 30th.
Avery Dennison Corporation (NYSE: AVY), is engaged in the production of pressure-sensitive materials, and a variety of tickets, tags, labels other converted products, and office and consumer products through embossing, printing, stamping and die-cutting.