Brokerage Firm Rating Update on Avery Dennison Corporation (AVY)

Avery Dennison Corporation (AVY) : Zacks Investment Research ranks Avery Dennison Corporation (AVY) as 2, which is a Buy recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 2, which indicates as a Buy.

Avery Dennison Corporation (AVY) : The highest level Avery Dennison Corporation (AVY) is projected to reach is $100 for the short term and the lowest estimate is at $78. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $87.67 and the possibility the share price can swing is $11.24.


Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, JP Morgan maintains its rating on Avery Dennison Corporation (NYSE:AVY).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, JP Morgan raises the new 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 $78.03 and touched an intraday high of $78.48 on Wednesday. During the day, the stock corrected to an intraday low of $77.79, however, the bulls stepped in and pushed the price higher to close in the green at $78.33 with a gain of 0.28% for the day. The total traded volume for the day was 395,574. The stock had closed at $78.11 in the previous trading session.

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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