Barclays Sticks to Their Buy Rating for Avery Dennison Corp

Barclays analyst Scott Gaffner maintained a Buy rating on Avery Dennison Corp (NYSE: AVY) yesterday and set a price target of $135. The company’s shares closed yesterday at $104.81.

According to TipRanks.com, Gaffner is a 4-star analyst with an average return of 9.4% and a 60.6% success rate. Gaffner covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Silgan Holdings, and Crown Holdings.

Avery Dennison Corp has an analyst consensus of Moderate Buy, with a price target consensus of $120.67.

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Based on Avery Dennison Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.78 billion and quarterly net profit of $125 million. In comparison, last year the company earned revenue of $1.57 billion and had a net profit of $112 million.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is neutral on the stock. Most recently, in February 2018, Anthony Anderson, a Director at AVY sold 2,770 shares for a total of $325,447.

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. Its businesses include the production of pressure-sensitive materials and a variety of tickets, tags, labels, and other converted products.