KeyBanc Keeps Their Hold Rating on Avery Dennison Corp (AVY)
KeyBanc analyst Adam Josephson maintained a Hold rating on Avery Dennison Corp (AVY) today. The company’s shares opened today at $110.80.
According to TipRanks.com, Josephson is a 4-star analyst with an average return of 8.1% and a 67.1% success rate. Josephson covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Graphic Packaging, and Clearwater Paper.
Currently, the analyst consensus on Avery Dennison Corp is a Hold with an average price target of $115.80.
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Based on Avery Dennison Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $97.1 million. In comparison, last year the company had a net profit of $125 million.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. Last month, Dean Scarborough, a Director at AVY sold 83,273 shares for a total of $8,970,209.
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.