Media headlines about Avery Dennison (NYSE:AVY) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Avery Dennison earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 46.7193445116373 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Why Silgan Holdings (SLGN) is a Must-Add to Your Portfolio – Nasdaq (nasdaq.com)
- Brokerages Anticipate Avery Dennison Corp (AVY) to Post $1.34 Earnings Per Share (americanbankingnews.com)
- Avery Dennison Corporation (AVY) stock closes Yesterday with $115.79 – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Beta Factor Evaluation – Avery Dennison Corporation, (NYSE: AVY) – Stock Watch (stocksnewstimes.com)
- Labels Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2026) (bizjournals.com)
Several analysts have issued reports on AVY shares. Barclays upped their price target on shares of Avery Dennison from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. Zacks Investment Research downgraded shares of Avery Dennison from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Bank of America upped their price objective on shares of Avery Dennison from $128.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, February 1st. UBS Group started coverage on shares of Avery Dennison in a research note on Thursday, January 18th. They issued a “buy” rating and a $135.00 price target on the stock. Finally, JPMorgan Chase & Co. upgraded shares of Avery Dennison from an “underweight” rating to a “neutral” rating in a research note on Monday, February 12th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Avery Dennison presently has an average rating of “Buy” and an average price target of $122.75.
Avery Dennison (NYSE:AVY) last announced its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.25 by $0.08. Avery Dennison had a net margin of 4.26% and a return on equity of 42.26%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the firm posted $0.99 EPS. The company’s quarterly revenue was up 11.9% on a year-over-year basis. research analysts expect that Avery Dennison will post 5.88 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.56%. The ex-dividend date is Tuesday, March 6th. Avery Dennison’s payout ratio is currently 57.51%.
In other news, insider Mitchell R. Butier sold 7,500 shares of Avery Dennison stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $118.57, for a total transaction of $889,275.00. Following the sale, the insider now directly owns 117,759 shares in the company, valued at approximately $13,962,684.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anthony Anderson sold 2,770 shares of Avery Dennison stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $117.50, for a total value of $325,475.00. Following the sale, the director now owns 4,014 shares in the company, valued at $471,645. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,535 shares of company stock worth $4,086,795. Company insiders own 1.40% of the company’s stock.
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Avery Dennison Company Profile
Avery Dennison Corporation (Avery Dennison) is engaged in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products. The Company’s segments include Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials (IHM).
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