
Avery Dennison (AVY) Stock Forecast & Price Target
Avery Dennison (AVY) Analyst Ratings
Bulls say
Avery Dennison demonstrated strong performance in its logistics and food/grocery segments, achieving approximately 15% growth in the quarter. The company's earnings exceeded expectations, with Materials maintaining robust margins and Solutions experiencing significant expansion driven by its RFID product offerings, contributing to an EBITDA of over $1.8 billion. Additionally, the successful rollout of the CVS partnership in Vestcom has resulted in substantial year-over-year sales improvements, further bolstering the positive outlook for the company.
Bears say
Avery Dennison is anticipating a decline in its earnings per share (EPS) for Q3, projecting $2.39, which is a decrease from the previous estimate of $2.51. The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) is also expected to decrease, with a forecast of $1.597 billion compared to a prior figure of $1.669 billion. Additionally, the third-quarter guidance reflects concerns about apparel-related volumes, with management expecting a slight decline, despite recent data indicating 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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