Robert W. Baird analyst Ghansham Panjabi maintained a Buy rating on Avery Dennison (AVY – Research Report) on June 22 and set a price target of $250.00. The company’s shares closed last Monday at $166.96.
According to TipRanks.com, Panjabi is a 5-star analyst with an average return of 7.4% and a 55.9% success rate. Panjabi covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and H.B. Fuller Company.
Avery Dennison has an analyst consensus of Strong Buy, with a price target consensus of $214.45.
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Avery Dennison’s market cap is currently $13.51B and has a P/E ratio of 18.95.
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AVY in relation to earlier this year. Last month, Anthony Anderson, a Director at AVY bought 792 shares for a total of $144,778.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Avery Dennison Corp. engages in the provision of labeling and packaging materials and solutions. It operates through the following segments: Label & Graphic Materials, Retail Branding & Information Solutions and Industrial & Healthcare Materials. The Label and Graphic Materials Segment manufactures and sells Fasson, JAC, and Avery Dennison-brand pressure-sensitive label and packaging materials, Avery Dennison and Mactac brand graphics, and Avery Dennison brand reflective products. The Retail Branding and Information Solutions segment designs, manufactures, and sells a variety of branding and information solutions to retailers, brand owners, apparel manufacturers, distributors and industrial customers. The Industrial and Healthcare Materials Segment manufactures and sells Fasson-brand and Avery Dennison-brand tapes and fasteners, Vancive -brand medical pressure sensitive adhesive based materials and products, and performance polymers. The company was founded by R. Stanton Avery in 1935 and is headquartered in Glendale, CA.
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