Fintel reports that on January 31, 2025, JP Morgan upgraded their outlook for Avery Dennison (NYSE:AVY) from Neutral to Overweight.
Analyst Price Forecast Suggests 26.25% Upside
As of January 29, 2025, the average one-year price target for Avery Dennison is $230.40/share. The forecasts range from a low of $171.26 to a high of $262.50. The average price target represents an increase of 26.25% from its latest reported closing price of $182.49 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Avery Dennison is 10,345MM, an increase of 18.15%. The projected annual non-GAAP EPS is 12.74.
What is the Fund Sentiment?
There are 1,547 funds or institutions reporting positions in Avery Dennison. This is an increase of 6 owner(s) or 0.39% in the last quarter. Average portfolio weight of all funds dedicated to AVY is 0.23%, an increase of 6.32%. Total shares owned by institutions increased in the last three months by 2.19% to 89,393K shares. 
The put/call ratio of AVY is 7.91, indicating a bearish outlook.
What are Other Shareholders Doing?
T. Rowe Price Investment Management holds 4,075K shares representing 5.07% ownership of the company. In its prior filing, the firm reported owning 4,212K shares , representing a decrease of 3.36%. The firm decreased its portfolio allocation in AVY by 6.66% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,561K shares representing 3.19% ownership of the company. In its prior filing, the firm reported owning 2,542K shares , representing an increase of 0.72%. The firm decreased its portfolio allocation in AVY by 4.48% over the last quarter.
Neuberger Berman Group holds 2,371K shares representing 2.95% ownership of the company. In its prior filing, the firm reported owning 2,137K shares , representing an increase of 9.86%. The firm increased its portfolio allocation in AVY by 6.38% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 2,109K shares representing 2.62% ownership of the company. In its prior filing, the firm reported owning 2,068K shares , representing an increase of 1.93%. The firm decreased its portfolio allocation in AVY by 5.26% over the last quarter.
Geode Capital Management holds 2,089K shares representing 2.60% ownership of the company. In its prior filing, the firm reported owning 1,931K shares , representing an increase of 7.55%. The firm decreased its portfolio allocation in AVY by 47.24% over the last quarter.
Avery Dennison Background Information
(This description is provided by the company.)
Avery Dennison is a global materials science company specializing in the design and manufacture of a wide variety of labeling and functional materials. The company's products, which are used in nearly every major industry, include pressure-sensitive materials for labels and graphic applications; tapes and other bonding solutions for industrial, medical, and retail applications; tags, labels and embellishments for apparel; and radio frequency identification (RFID) solutions serving retail apparel and other markets. Headquartered in Glendale, California, the company employs more than 32,000 employees in more than 50 countries. Reported sales in 2020 were $7.0 billion.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
