Fintel reports that on September 25, 2023, BMO Capital maintained coverage of Avery Dennison (NYSE:AVY) with a Outperform recommendation.

Analyst Price Forecast Suggests 12.28% Upside

As of August 31, 2023, the average one-year price target for Avery Dennison is 207.78. The forecasts range from a low of 191.90 to a high of $233.10. The average price target represents an increase of 12.28% from its latest reported closing price of 185.05.

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The projected annual revenue for Avery Dennison is 9,642MM, an increase of 13.46%. The projected annual non-GAAP EPS is 10.47.

What is the Fund Sentiment?

There are 1372 funds or institutions reporting positions in Avery Dennison. This is a decrease of 43 owner(s) or 3.04% in the last quarter. Average portfolio weight of all funds dedicated to AVY is 0.24%, a decrease of 5.30%. Total shares owned by institutions increased in the last three months by 0.58% to 87,719K shares. AVY / Avery Dennison Corp. Put/Call Ratios The put/call ratio of AVY is 1.01, indicating a bearish outlook.

What are Other Shareholders Doing?

AVY / Avery Dennison Corp. Shares Held by Institutions

T. Rowe Price Investment Management holds 4,239K shares representing 5.26% ownership of the company. In it’s prior filing, the firm reported owning 4,028K shares, representing an increase of 4.99%. The firm decreased its portfolio allocation in AVY by 3.99% over the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 2,519K shares representing 3.13% ownership of the company. In it’s prior filing, the firm reported owning 2,502K shares, representing an increase of 0.68%. The firm decreased its portfolio allocation in AVY by 10.81% over the last quarter.

Victory Capital Management holds 2,373K shares representing 2.94% ownership of the company. In it’s prior filing, the firm reported owning 2,129K shares, representing an increase of 10.28%. The firm increased its portfolio allocation in AVY by 4.33% over the last quarter.

Lazard Asset Management holds 2,317K shares representing 2.87% ownership of the company. In it’s prior filing, the firm reported owning 1,673K shares, representing an increase of 27.79%. The firm increased its portfolio allocation in AVY by 249.41% over the last quarter.

Ameriprise Financial holds 2,177K shares representing 2.70% ownership of the company. In it’s prior filing, the firm reported owning 2,216K shares, representing a decrease of 1.82%. The firm increased its portfolio allocation in AVY by 388.79% over the last quarter.

Avery Dennison Background Information
(This description is provided by the company.)

Avery Dennison is a global materials science company specializing in the design and manufacture of a wide variety of labeling and functional materials. The company’s products, which are used in nearly every major industry, include pressure-sensitive materials for labels and graphic applications; tapes and other bonding solutions for industrial, medical, and retail applications; tags, labels and embellishments for apparel; and radio frequency identification (RFID) solutions serving retail apparel and other markets. Headquartered in Glendale, California, the company employs more than 32,000 employees in more than 50 countries. Reported sales in 2020 were $7.0 billion.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source: Nasdaq

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