News headlines about Avery Dennison (NYSE:AVY) have trended very positive recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Avery Dennison earned a daily sentiment score of 3.67 on their scale. InfoTrie also assigned news stories about the industrial products company an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock’s share price in the immediate future.

These are some of the news headlines that may have effected Avery Dennison’s score:

A number of brokerages have recently commented on AVY. Zacks Investment Research lowered Avery Dennison from a “hold” rating to a “sell” rating in a report on Wednesday, November 28th. UBS Group set a $135.00 price objective on Avery Dennison and gave the company a “buy” rating in a report on Tuesday, November 20th. Barclays decreased their target price on Avery Dennison from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Monday, October 29th. ValuEngine downgraded Avery Dennison from a “hold” rating to a “sell” rating in a research note on Friday, October 26th. Finally, BMO Capital Markets set a $98.00 target price on Avery Dennison and gave the company a “hold” rating in a research note on Thursday, October 25th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $120.25.

Shares of Avery Dennison stock traded down $2.52 during midday trading on Tuesday, hitting $93.67. 809,114 shares of the company were exchanged, compared to its average volume of 699,042. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.00 and a quick ratio of 0.71. The company has a market capitalization of $8.36 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 2.28 and a beta of 1.38. Avery Dennison has a 52 week low of $86.06 and a 52 week high of $123.67.

Avery Dennison (NYSE:AVY) last posted its earnings results on Tuesday, October 23rd. The industrial products company reported $1.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.47 by ($0.02). Avery Dennison had a return on equity of 49.86% and a net margin of 4.36%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the business earned $1.26 EPS. Avery Dennison’s quarterly revenue was up 4.8% compared to the same quarter last year. Equities analysts anticipate that Avery Dennison will post 6.04 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Wednesday, December 5th will be issued a dividend of $0.52 per share. The ex-dividend date is Tuesday, December 4th. This represents a $2.08 dividend on an annualized basis and a yield of 2.22%. Avery Dennison’s dividend payout ratio is 41.60%.

In other news, Director Anthony Anderson sold 1,275 shares of the firm’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $104.75, for a total value of $133,556.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director David E. I. Pyott sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $93.00, for a total value of $186,000.00. Following the completion of the transaction, the director now owns 17,293 shares in the company, valued at $1,608,249. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

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Avery Dennison Company Profile

Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands. It also offers durable cast and reflective films.

Further Reading: Institutional Investors

Insider Buying and Selling by Quarter for Avery Dennison (NYSE:AVY)

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