Citigroup Issues Pessimistic Forecast for Avery Dennison (NYSE:AVY) Stock Price

Avery Dennison (NYSE:AVY) had its target price dropped by research analysts at Citigroup from $185.00 to $184.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. Citigroup’s price objective suggests a potential upside of 14.39% from the stock’s current price.

AVY has been the topic of several other reports. Deutsche Bank Aktiengesellschaft began coverage on Avery Dennison in a research note on Wednesday, April 1st. They set a “buy” rating and a $200.00 price objective on the stock. JPMorgan Chase & Co. cut their target price on Avery Dennison from $205.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Weiss Ratings downgraded Avery Dennison from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. UBS Group cut their price objective on shares of Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Finally, Truist Financial reaffirmed a “buy” rating and set a $221.00 price target (down from $223.00) on shares of Avery Dennison in a research note on Wednesday, April 29th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $200.38.

Avery Dennison Stock Performance

Shares of NYSE:AVY opened at $160.86 on Thursday. Avery Dennison has a 52 week low of $152.42 and a 52 week high of $199.54. The stock has a market capitalization of $12.30 billion, a P/E ratio of 18.14, a PEG ratio of 2.75 and a beta of 0.82. The firm has a fifty day simple moving average of $160.20 and a two-hundred day simple moving average of $173.39. The company has a quick ratio of 0.80, a current ratio of 1.15 and a debt-to-equity ratio of 1.38.

Avery Dennison (NYSE:AVY) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.06. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the company earned $2.30 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. On average, analysts expect that Avery Dennison will post 10 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Avery Dennison

A number of hedge funds and other institutional investors have recently made changes to their positions in AVY. CPC Advisors LLC purchased a new position in shares of Avery Dennison during the 4th quarter valued at approximately $1,464,000. Ameriprise Financial Inc. grew its holdings in shares of Avery Dennison by 30.9% during the third quarter. Ameriprise Financial Inc. now owns 1,841,191 shares of the industrial products company’s stock worth $298,613,000 after buying an additional 435,156 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in Avery Dennison during the fourth quarter worth about $2,546,000. Retirement Systems of Alabama raised its holdings in Avery Dennison by 87.9% in the 4th quarter. Retirement Systems of Alabama now owns 228,979 shares of the industrial products company’s stock valued at $41,647,000 after acquiring an additional 107,109 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Avery Dennison by 8.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 169,137 shares of the industrial products company’s stock worth $30,857,000 after purchasing an additional 13,494 shares in the last quarter. Institutional investors own 94.17% of the company’s stock.

Avery Dennison Company Profile

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.