What 7 Analyst Ratings Have To Say About Avery Dennison
Portfolio Pulse from Benzinga Insights
Avery Dennison (NYSE:AVY) has received mixed analyst ratings over the past three months, with a total of 5 bullish, 1 indifferent, and 1 somewhat bearish ratings. The average 12-month price target for AVY has been raised to $224.00, up from the previous $211.50, with a high estimate of $249.00 and a low of $208.00. Analysts from firms including Truist Securities, UBS, Citigroup, and B of A Securities have updated their ratings and price targets, reflecting changes in market conditions and company performance. Avery Dennison's financials show a market cap above industry average, a revenue decline of -9.44% as of September 30, 2023, a high net margin of 6.59%, an ROE of 6.78%, an ROA of 1.69%, and a low debt-to-equity ratio of 1.61.
January 19, 2024 | 8:00 pm
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POSITIVE IMPACT
Avery Dennison has received diverse analyst ratings with an increased average price target of $224.00. Financial indicators show strong performance despite a recent revenue decline.
The increase in the average price target and the majority of bullish ratings suggest a positive outlook for AVY's stock price in the short term. The strong financial metrics such as high net margin, ROE, and ROA, along with a low debt-to-equity ratio, reinforce investor confidence, potentially leading to a rise in stock price. However, the recent revenue decline may temper some of the positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100