Robert W. Baird analyst Ghansham Panjabi maintained a Buy rating on Avery Dennison Corp (NYSE:AVY). on Thursday, setting a price target of $250, which is approximately 17.19% above the present share price of $213.33.
Panjabi expects Avery Dennison Corp. to post earnings per share (EPS) of $2.21 for the fourth quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Avery Dennison, with an average price target of $238.75.
The analysts price targets range from a high of $250 to a low of $225.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $2.1 billion and a net profit of $269.3 million. The company's market cap is $17.68 billion.
According to TipRanks.com, Robert W. Baird analyst Ghansham Panjabi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 15.6% and a 73.62% success rate.
Avery Dennison Corp. engages in the provision of labeling and packaging materials and solutions. It operates through the following segments: Label & Graphic Materials, Retail Branding & Information Solutions and Industrial & Healthcare Materials. The Label and Graphic Materials Segment manufactures and sells Fasson, JAC, and Avery Dennison-brand pressure-sensitive label and packaging materials, Avery Dennison and Mactac brand graphics, and Avery Dennison brand reflective products. The Retail Branding and Information Solutions segment designs, manufactures, and sells a variety of branding and information solutions to retailers, brand owners, apparel manufacturers, distributors and industrial customers. The Industrial and Healthcare Materials Segment manufactures and sells Fasson-brand and Avery Dennison-brand tapes and fasteners, Vancive -brand medical pressure sensitive adhesive based materials and products, and performance polymers. The company was founded by R. Stanton Avery in 1935 and is headquartered in Glendale, CA.