
Avery Dennison (AVY) Stock Forecast & Price Target
Avery Dennison (AVY) Analyst Ratings
Bulls say
Avery Dennison has demonstrated robust performance in the logistics and food/grocery sectors, with a notable 15% increase in revenue during the quarter. The company reported earnings exceeding expectations, driven by sustained high margins in its Materials segment and substantial growth in Solutions, particularly due to its radio-frequency identification (RFID) business, achieving an EBITDA of over $1.8 billion. Additionally, the successful rollout of the CVS partnership in the Vestcom division has led to significant year-over-year sales improvements, further supporting a positive financial outlook.
Bears say
Avery Dennison's financial outlook has deteriorated, with projected Q3 earnings per share (EPS) revised down to $2.39 from a previous estimate of $2.51, indicating a decline in profitability expectations. Additionally, EBITDA is expected to decrease to $1.597 billion from $1.669 billion, reflecting challenges in maintaining operational performance. The management's guidance anticipates lower apparel-related volumes, which may impact overall sales growth, despite July figures showing flat performance.
This aggregate rating is based on analysts' research of Avery Dennison and is not a guaranteed prediction by Public.com or investment advice.
Avery Dennison (AVY) Analyst Forecast & Price Prediction
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