Avery Dennison Corp (NYSE:AVY) Q3 2017 Sentiment

January 14, 2018 - By Peter Erickson

 Avery Dennison Corp (NYSE:AVY)  Q3 2017 Sentiment

Sentiment for Avery Dennison Corp (NYSE:AVY)

Avery Dennison Corp (NYSE:AVY) institutional sentiment decreased to 0.92 in 2017 Q3. Its down -0.05, from 0.97 in 2017Q2. The ratio worsened, as 184 investment professionals started new or increased holdings, while 201 reduced and sold their stakes in Avery Dennison Corp. The investment professionals in our partner’s database now possess: 70.08 million shares, down from 71.92 million shares in 2017Q2. Also, the number of investment professionals holding Avery Dennison Corp in their top 10 holdings was flat from 3 to 3 for the same number . Sold All: 34 Reduced: 167 Increased: 134 New Position: 50.

Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. The company has market cap of $10.51 billion. The companyÂ’s Label and Graphic Materials segment offers pressure-sensitive labeling materials; packaging materials and solutions; roll-fed sleeves; engineered films; graphic imaging media; and reflective materials under the Fasson, JAC, and Avery Dennison brands. It has a 26.65 P/E ratio. It serves label converters, package designers, packaging engineers and manufacturers, industrial and sign manufacturers, printers, distributors, designers, advertising and government agencies, and graphics vendors.

The stock decreased 0.18% or $0.22 during the last trading session, reaching $119.35. About 498,611 shares traded. Avery Dennison Corporation (NYSE:AVY) has risen 10.91% since January 14, 2017 and is uptrending. It has underperformed by 5.79% the S&P500.

Analysts await Avery Dennison Corporation (NYSE:AVY) to report earnings on February, 7. They expect $1.25 earnings per share, up 26.26 % or $0.26 from last year’s $0.99 per share. AVY’s profit will be $110.04M for 23.87 P/E if the $1.25 EPS becomes a reality. After $1.26 actual earnings per share reported by Avery Dennison Corporation for the previous quarter, Wall Street now forecasts -0.79 % negative EPS growth.

Delta Asset Management Llc Tn holds 3.49% of its portfolio in Avery Dennison Corporation for 234,528 shares. Shufro Rose & Co Llc owns 300,616 shares or 2.97% of their US portfolio. Moreover, Ami Asset Management Corp has 2.34% invested in the company for 336,441 shares. The New Jersey-based Tradition Capital Management Llc has invested 2.11% in the stock. Bowen Hanes & Co Inc, a Georgia-based fund reported 373,226 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 4 insider sales for $3.45 million activity.

Avery Dennison Corporation (NYSE:AVY) Ratings Coverage

Ratings analysis reveals 44% of Avery Dennison’s analysts are positive. Out of 9 Wall Street analysts rating Avery Dennison, 4 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $66 while the high is $135.0. The stock’s average target of $103.57 is -13.22% below today’s ($119.35) share price. AVY was included in 25 notes of analysts from October 15, 2015. The rating was maintained by KeyBanc Capital Markets on Wednesday, September 20 with “Hold”. Aegis Capital initiated the shares of AVY in report on Monday, November 21 with “Hold” rating. Loop Capital maintained it with “Hold” rating and $106 target in Thursday, October 26 report. The firm has “Buy” rating given on Friday, January 6 by Citigroup. The stock has “Hold” rating by KeyBanc Capital Markets on Monday, October 23. The stock has “Overweight” rating by JP Morgan on Thursday, October 27. The company was downgraded on Friday, May 20 by JP Morgan. The rating was downgraded by J.P. Morgan on Thursday, October 26 to “Hold”. Bank of America upgraded Avery Dennison Corporation (NYSE:AVY) on Tuesday, June 20 to “Buy” rating. The firm has “Buy” rating given on Tuesday, October 10 by Robert W. Baird.

More important recent Avery Dennison Corporation (NYSE:AVY) news were published by: Seekingalpha.com which released: “Avery Dennison Corp’s (AVY) CEO Mitchell Butier on Q1 2017 Results – Earnings …” on April 27, 2017, also Nasdaq.com published article titled: “Avery Dennison Corp (AVY) President and CEO Mitchell R Butier Sold $8.2 …”, Gurufocus.com published: “KAMES CAPITAL plc Buys Constellation Brands Inc, Avery Dennison Corp, Mohawk …” on January 12, 2018. More interesting news about Avery Dennison Corporation (NYSE:AVY) was released by: Nasdaq.com and their article: “Avery Dennison Corp. Q3 Income Advances 24%” with publication date: October 25, 2017.

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