Avery Dennisonの空売り状況は、投資家がAvery Dennisonの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

Avery Dennison (NYSE:AVY) 株価情報, 空売り情報

Avery Dennison

Avery Dennison manufactures pressure-sensitive materials, merchandise tags, and labels. The company also runs a specialty converting business that produces radio-frequency identification, or RFID, inlays and labels. Avery Dennison draws a significant amount of revenue from outside the United States, with international operations accounting for the majority of total sales.

Avery Dennison Corp

Avaya Holdings Corp

UBS analyst Joshua Spector maintains Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) with a Neutral and lowers the price target from $235 to $207.

News

Price Target

Analyst Ratings

UBS Maintains Neutral on Avery Dennison, Lowers Price Target to $207

Citigroup analyst Anthony Pettinari maintains Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) with a Neutral and lowers the price target from $228 to $202.

Citigroup Maintains Neutral on Avery Dennison, Lowers Price Target to $202

B of A Securities analyst George Staphos maintains Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) with a Buy and lowers the price target from $238 to $220.

B of A Securities Maintains Buy on Avery Dennison, Lowers Price Target to $220

Truist Securities analyst Michael Roxland maintains Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) with a Buy and lowers the price target from $258 to $245.

Truist Securities Maintains Buy on Avery Dennison, Lowers Price Target to $245

Avery Dennison's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) short percent of float has fallen 8.39% since its last report. The company recently reported that it has 1.84 million shares sold short, which is 2.62% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.92 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Avery Dennison Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733774412_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Avery Dennison has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Avery Dennison's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Avery Dennison's peer group average for short interest as a percentage of float is 5.07%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Peering Into Avery Dennison's Recent Short Interest

Management

Avery Dennison Says Gregory S. Lovins, Senior Vice President And CFO, Began Medical Leave Of Absence; Danny G. Allouche Named As Interim CFO, Effective November 15 - Filing

Avery Dennison Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) reported mixed results for the <a href="https://www.benzinga.com/news/earnings/24/10/41494247/avery-dennisons-mixed-q3-earnings-beat-revenue-falls-short-tightens-annual-outlook-more">third quarter on Wednesday.</a>
The company posted third-quarter adjusted earnings per share of $2.33, beating the street view of $2.32. Quarterly revenues of $2.18 billion missed the analyst consensus of $2.20 billion.
&#8220;We delivered a strong third quarter with strong earnings growth, above expectations, driven by higher volume and productivity gains,&#8221; said Deon Stander, president and CEO. &#8220;Both our Materials and Solutions Groups delivered strong bottom-line growth.&#8221;
&#8220;In Intelligent Labels, we are delivering another year of strong growth and continue to see significant opportunity ahead. Adoption of our solutions in new categories is increasing, particularly in Food, as the value of our technology in helping address key industry challenges continues to resonate with customers,&#8221; Stander added.
The company revised its guidance range for 2024 reported earnings per share from $8.75 – $8.95 to $8.75 – $8.90. Excluding an estimated 60 cents per share impact of restructuring charges and other items, the company raised its guidance range for 2024 for adjusted earnings per share from $9.30 – $9.50 to $9.35 – $9.50 (estimate: $9.43).
Avery Dennison shares fell 2.2% to close at $207.65 on Wednesday.
These analysts made changes to their price targets on Avery Dennison following earnings announcement.
<ul>
<li>JP Morgan analyst Jeffrey Zekauskas downgraded Avery Dennison from Overweight to Neutral and lowered the price target from $230 to $210.</li>
<li>BMO Capital analyst John McNulty maintained Avery Dennison with an Outperform and slashed the price target from $252 to $247.</li>
</ul>
Considering buying AVY stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="552" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24082452/image-237-1024x552.png" alt="" class="wp-image-611893" style="width:670px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24082452/image-237-1024x552.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24082452/image-237-300x162.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24082452/image-237-768x414.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24082452/image-237.png 1348w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41512422/top-3-tech-stocks-youll-regret-missing-in-q4">Top 3 Tech Stocks You&#8217;ll Regret Missing In Q4</a></li>
</ul>

Earnings

Pre-Market Outlook

Markets

These Analysts Slash Their Forecasts On Avery Dennison After Q3 Results

6 analysts have expressed a variety of opinions on Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $241.5, a high estimate of $252.00, and a low estimate of $210.00. Witnessing a positive shift, the current average has risen by 1.98% from the previous average price target of $236.80.
<img src="https://www.benzinga.com/files/images/story/2024/1729771257_0_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
A comprehensive examination of how financial experts perceive Avery Dennison is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John McNulty</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$247.00</td>
<td>$252.00</td>
</tr>
<tr>
<td>Jeffrey Zekauskas</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$210.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>George Staphos</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$250.00</td>
<td>$207.00</td>
</tr>
<tr>
<td>Scott Gaffner</td>
<td>Barclays</td>
<td>Announces</td>
<td>Overweight</td>
<td>$250.00</td>
<td>-</td>
</tr>
<tr>
<td>Anthony Pettinari</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$240.00</td>
<td>$241.00</td>
</tr>
<tr>
<td>John McNulty</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$252.00</td>
<td>$254.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Avery Dennison. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Avery Dennison compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Avery Dennison's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Avery Dennison's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/AVY/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Avery Dennison analyst ratings.</a>
<h2>Get to Know Avery Dennison Better</h2>
Avery Dennison manufactures pressure-sensitive materials, merchandise tags, and labels. The company also runs a specialty converting business that produces radio-frequency identification, or RFID, inlays and labels. Avery Dennison draws a significant amount of revenue from outside the United States, with international operations accounting for the majority of total sales.
<h3>Understanding the Numbers: Avery Dennison's Finances</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Over the 3 months period, Avery Dennison showcased positive performance, achieving a revenue growth rate of 6.93% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Materials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 7.91%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Avery Dennison's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 7.87%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Avery Dennison's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 2.14%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Avery Dennison's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.41.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Breaking: Wall Street's Next Big Mover
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Closer Look at 6 Analyst Recommendations For Avery Dennison

BMO Capital analyst John McNulty maintains Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) with a Outperform and lowers the price target from $252 to $247.

BMO Capital Maintains Outperform on Avery Dennison, Lowers Price Target to $247

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/603e4f87b3e2040001080043/tessa-romero">JP Morgan analyst Tessa Romero </a>downgraded the rating for Seres Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRB#NASDAQ">MCRB</a>) from Neutral to Underweight. Seres Therapeutics shares closed at $0.7570 on Wednesday. <a href="https://www.benzinga.com/quote/MCRB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Jeffrey Zekauskas downgraded Avery Dennison Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) from Overweight to Neutral and lowered the price target from $230 to $210. Avery Dennison shares closed at $207.65 on Wednesday. <a href="https://www.benzinga.com/quote/AVY/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58933b2043eaaa0001698f4c/eric-coldwell">Baird analyst Eric Coldwell</a> downgraded the rating for ICON Public Limited Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLR#NASDAQ">ICLR</a>) from Outperform to Neutral and announced a $340 price target. Icon shares closed at $280.76 on Wednesday. <a href="https://www.benzinga.com/quote/ICLR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird analyst Andrew Wittmann downgraded WillScot Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSC#NASDAQ">WSC</a>) from Outperform to Neutral and maintained the price target of $42. WillScot shares closed at $37.83 on Wednesday. <a href="https://www.benzinga.com/quote/WSC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc analyst Brandon Nispel downgraded the rating for Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) from Overweight to Sector Weight. Verizon shares closed at $42.86 on Wednesday. <a href="https://www.benzinga.com/quote/VZ/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying VZ stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="541" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24074850/image-233-1024x541.png" alt="" class="wp-image-611788" style="width:577px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24074850/image-233-1024x541.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24074850/image-233-300x159.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24074850/image-233-768x406.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24074850/image-233.png 1262w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>

Initiation

ICLR

MCRB

This Verizon Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday

JP Morgan analyst Jeffrey Zekauskas downgrades Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) from Overweight to Neutral and lowers the price target from $230 to $210.

Downgrades

JP Morgan Downgrades Avery Dennison to Neutral, Lowers Price Target to $210

Avery Dennison Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) reported third-quarter adjusted earnings per share of $2.33, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41483385/avery-dennison-announces-third-quarter-2024-results" rel="noreferrer noopener">beating the street view of $2.32</a>. Quarterly revenues of $2.18 billion missed the analyst consensus of $2.20 billion.
In the Materials Group, reported sales increased by 3% to $1.5 billion, with an operating margin of 14.5% and an adjusted EBITDA margin of 17.0%, which is comparable to the prior year.
In the Solutions Group, reported sales rose by 7% to $686 million, achieving an operating margin of 9.7% and an adjusted EBITDA margin of 17.9%, up 150 basis points.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41486950/boeing-q3-earnings-revenue-and-profit-decline-cultural-challenges-ceo-ortberg-vows-transformation" rel="noreferrer noopener">Boeing Q3 Earnings: Revenue And Profit Decline, Cultural Challenges, CEO Ortberg Vows Transformation</a>
During the first three quarters, the company returned $315 million in cash to shareholders through a combination of dividends and share repurchases.
The company said its balance sheet remains strong, with net debt to adjusted EBITDA (non-GAAP) of 2.1x at the end of the third quarter.
Outlook: The company has revised its guidance range for 2024 reported earnings per share from $8.75 &#8211; $8.95 to $8.75 &#8211; $8.90.
Excluding an estimated 60 cents per share impact of restructuring charges and other items, the company raised its guidance range for 2024 for adjusted earnings per share from $9.30 &#8211; $9.50 to $9.35 &#8211; $9.50 (estimate: $9.43).
Price Action: AVY shares are trading lower by 1.89% to $208.39 at last check Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41482510/mcdonalds-stock-drops-over-6-in-pre-market-after-cdc-links-e-coli-outbreak-to-quarter-pounder" target="_blank" rel="noreferrer noopener">McDonald&#8217;s Stock Drops Over 6% In Pre-Market After CDC Links E. Coli Outbreak To Quarter Pounder</a></li>
</ul>

Equities

Guidance

Movers

General

Avery Dennison's Mixed Q3: Earnings Beat, Revenue Falls Short, Tightens Annual Outlook & More

WIIM

Avery Dennison shares are trading lower following mixed Q3 results.

Avery Dennison Revises FY24 Adjusted EPS Guidance From $9.30 - $9.50 To $9.35 - $9.50, Est. $9.43

Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) reported quarterly earnings of $2.33 per share which beat the analyst consensus estimate of $2.32 by 0.43 percent. The company reported quarterly sales of $2.18 billion which missed the analyst consensus estimate of $2.20 billion by 0.79 percent. This is a 4.05 percent increase over sales of $2.10 billion the same period last year.

Earnings Beats

Earnings Misses

Avery Dennison Q3 2024 Adj EPS $2.33 Beats $2.32 Estimate, Sales $2.18B Miss $2.20B Estimate

Kroger will use RFID sensors to enable item-level digital identification for greater inventory accuracy to maximize freshness, reduce waste and optimize associates' time
Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) announced today it will begin working with The Kroger Co. to build a better associate and customer experience through RFID inventory automation technology. This collaboration makes item-level digital identification possible, enabling more frequent and more accurate inventory information to maximize freshness, reduce waste and improve the associate experience.

Avery Dennison Announces It Will Begin Working With The Kroger Co. To Build A Better Associate And Customer Experience Through RFID Inventory Automation Technology

Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) is preparing to release its quarterly earnings on Wednesday, 2024-10-23. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Avery Dennison to report an earnings per share (EPS) of $2.33.
Anticipation surrounds Avery Dennison's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Performance in Previous Earnings</h3>
In the previous earnings release, the company beat EPS by $0.16, leading to a 2.62% drop in the share price the following trading session.
Here's a look at Avery Dennison's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.26</td>
<td>2.15</td>
<td>2.17</td>
<td>2.1</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.42</td>
<td>2.29</td>
<td>2.16</td>
<td>2.1</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-3.0%</td>
<td>2.0%</td>
<td>0.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729609395_0.png" alt="eps graph" />
<h3>Avery Dennison Share Price Analysis</h3>
Shares of Avery Dennison were trading at $215.41 as of October 21. Over the last 52-week period, shares are up 25.93%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Insights on Avery Dennison</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Avery Dennison.
The consensus rating for Avery Dennison is Outperform, derived from 7 analyst ratings. An average one-year price target of $248.43 implies a potential 15.33% upside.
<h3>Understanding Analyst Ratings Among Peers</h3>
In this analysis, we delve into the analyst ratings and average 1-year price targets of International Paper, Packaging Corp of America and Graphic Packaging Holding, three key industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>The prevailing sentiment among analysts is an Buy trajectory for International Paper, with an average 1-year price target of $52.5, implying a potential 75.63% downside.</li>
<li>For Packaging Corp of America, analysts project an Buy trajectory, with an average 1-year price target of $226.4, indicating a potential 5.1% upside.</li>
<li>The consensus among analysts is an Outperform trajectory for Graphic Packaging Holding, with an average 1-year price target of $33.0, indicating a potential 84.68% downside.</li>
</ul>
<h3>Comprehensive Peer Analysis Summary</h3>
The peer analysis summary outlines pivotal metrics for International Paper, Packaging Corp of America and Graphic Packaging Holding, demonstrating their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Avery Dennison</td>
<td>Outperform</td>
<td>6.93%</td>
<td>$662.70M</td>
<td>7.87%</td>
</tr>
<tr>
<td>International Paper</td>
<td>Buy</td>
<td>1.11%</td>
<td>$1.37B</td>
<td>5.91%</td>
</tr>
<tr>
<td>Packaging Corp of America</td>
<td>Buy</td>
<td>6.31%</td>
<td>$437.70M</td>
<td>4.84%</td>
</tr>
<tr>
<td>Graphic Packaging Holding</td>
<td>Outperform</td>
<td>-6.48%</td>
<td>$481M</td>
<td>6.70%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Avery Dennison ranks highest in Revenue Growth among its peers. It also leads in Gross Profit. However, it has the lowest Return on Equity. Overall, Avery Dennison is positioned at the top in terms of Revenue Growth and Gross Profit, but falls to the bottom in Return on Equity compared to its peers.
<h3>Delving into Avery Dennison's Background</h3>
Avery Dennison manufactures pressure-sensitive materials, merchandise tags, and labels. The company also runs a specialty converting business that produces radio-frequency identification, or RFID, inlays and labels. Avery Dennison draws a significant amount of revenue from outside the United States, with international operations accounting for the majority of total sales.
<h3>Avery Dennison: Financial Performance Dissected</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Avery Dennison's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 6.93%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Materials sector.
Net Margin: Avery Dennison's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 7.91%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 7.87%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 2.14%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Avery Dennison's debt-to-equity ratio is below the industry average at 1.41, reflecting a lower dependency on debt financing and a more conservative financial approach.
<a href="https://www.benzinga.com/quote/AVY/earnings">To track all earnings releases for Avery Dennison visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Avery Dennison Earnings Preview

Avery Dennison's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) short percent of float has risen 12.55% since its last report. The company recently reported that it has 2.02 million shares sold short, which is 2.87% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.64 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Avery Dennison Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729520112_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Avery Dennison has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Avery Dennison's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Avery Dennison's peer group average for short interest as a percentage of float is 4.88%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>HSBC analyst Shubhangi Gupta upgraded the rating for Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>) from Hold to Buy and announced a $180 price target. Illumina shares closed at $147.61 on Wednesday. <a href="https://www.benzinga.com/quote/ILMN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities analyst George Staphos upgraded O-I Glass, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) from Neutral to Buy and boosted the price target from $14 to $16. O-I Glass shares closed at $12.77 on Tuesday. <a href="https://www.benzinga.com/quote/OI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>William Blair analyst Adam Klauber upgraded the rating for The Baldwin Insurance Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWIN#NASDAQ">BWIN</a>) from Market Perform to Outperform. Baldwin Insurance shares closed at $52.58 on Tuesday. <a href="https://www.benzinga.com/quote/BWIN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities analyst George Staphos upgraded Avery Dennison Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) from Underperform to Buy and increased the price target from $207 to $25. Avery Dennison shares closed at $219.88 on Wednesday. <a href="https://www.benzinga.com/quote/WVY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Guggenheim analyst Joseph Osha upgraded the rating for Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) from Sell to Neutral. Enphase Energy shares closed at $92.04 on Wednesday. <a href="https://www.benzinga.com/quote/ENPH/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying ILMN stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="500" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17083944/image-147-1024x500.png" alt="" class="wp-image-600564" style="width:635px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17083944/image-147-1024x500.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17083944/image-147-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17083944/image-147-768x375.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17083944/image-147.png 1357w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

Upgrades

BWIN

ENPH

ILMN

This Illumina Analyst Turns Bullish; Here Are Top 5 Upgrades For Thursday

B of A Securities analyst George Staphos upgrades Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) from Underperform to Buy and raises the price target from $207 to $250.

B of A Securities Upgrades Avery Dennison to Buy, Raises Price Target to $250

Truist Financial analyst Keith Hughes reiterated a Buy rating on Avery Dennison (AVY – Research Report) today. The company's shares closed last Fri...

Avery Dennison (AVY) Receives a Rating Update from a Top Analyst

BofA lowered the firm's price target on Avery Dennison (AVY) to $238 from $251 and keeps a Buy rating on the shares after the company recently anno...

Avery Dennison price target lowered to $238 from $251 at BofA

In a regulatory filing on Friday, Avery Dennison (AVY) noted that on November 14, Gregory Lovins, Senior Vice President and Chief Financial Officer...

Avery Dennison CFO Lovins on medical leave of absence

Dividend Champion, Contender, And Challenger Highlights: Week Of December 1

Dividend Champion, Contender, And Challenger Highlights: Week Of December 15

Avery Dennison: Labeling A Better Future

Truist lowered the firm's price target on Avery Dennison (AVY) to $245 from $258 and keeps a Buy rating on the shares as part of a broader research...

Avery Dennison price target lowered to $245 from $258 at Truist

BofA lowered the firm's price target on Avery Dennison (AVY) to $220 from $238 and keeps a Buy rating on the shares. Packaging underperformed the S...

Avery Dennison price target lowered to $220 from $238 at BofA

UBS lowered the firm's price target on Avery Dennison (AVY) to $207 from $235 and keeps a Neutral rating on the shares. The firm expects Q4 earning...

Avery Dennison price target lowered to $207 from $235 at UBS

Unusual total active option classes on open include: Avery Dennison (AVY), Citizens Financial (CFG), iShares Global Clean Energy (ICLN), Genius Spo...

Unusually active option classes on open January 15th

ALLE

AMGN

AMSF

APLO

AVGO

BCPC

BOTJ

BPOP

BSVN

CABO

CARR

CASS

CBSH

CCBG

CCOI

CHDN

CHRW

CINF

CSGS

EBMT

ENSG

EPRT

ERIE

EVRG

EXPO

FMCB

FRME

GENI

GOLF

GWRS

HOMB

INVH

JJSF

JKHY

KFRC

KLAC

KLIC

KODK

LAES

LANC

LAND

LFUS

LMAT

MAIN

MATX

MBWM

MCHP

MKTX

MTRN

NDAQ

NRIM

NXPI

ODFL

OFLX

OLED

OTEX

OTIS

PATK

PRGO

QCOM

RBCAA

SAMG

SBSI

SEIC

SPTN

SWBI

SWKS

TCBK

UBCP

VCTR

VICI

WAFD

WDFC

WING

WSBC

YORW

Press Releases

Compass Diversified Announces Stephen Keller as Chief Financial Officer

Avery Dennison to Host 2024 Investor Day

Avery Dennison to Webcast Third Quarter 2024 Earnings Conference Call

Avery Dennison Expands RFID Adoption in Grocery Retail Industry

Avery Dennison Announces Third Quarter 2024 Results

Avery Dennison Declares Quarterly Dividend

Avery Dennison Prices €500 Million Senior Notes Offering

Avery Dennison Announces Upcoming Investor Events

Pearlman Group Welcomes Shannon Palmer as CEO

Avery Dennison to Webcast Fourth Quarter and Full Year 2024 Earnings Conference Call

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