Key Insights:
- Avery Dennison (AVY, Financial) shares fell 2.8% in premarket trading after releasing lower-than-expected earnings guidance.
- Wall Street analysts see a potential upside of 17.34% with an average price target of $205.14.
- GuruFocus estimates suggest an upside of 12.29%, reflecting confidence in the stock's long-term value.
Earnings Guidance and Market Reaction
Shares of Avery Dennison (AVY) decreased by 2.8% in premarket trading following the company's announcement of earnings guidance that fell short of Wall Street's expectations. Avery Dennison forecasts its adjusted earnings per share for this quarter to be between $2.30 and $2.50, which is below the consensus estimate of $2.56. This guidance comes despite a slight increase in first-quarter profits, though the company's sales saw a slight decline to $2.15 billion.
Wall Street Analysts Forecast
Analyzing the projections from 11 analysts, the one-year average price target for Avery Dennison Corp (AVY, Financial) is $205.14. The estimates range from a high of $236.00 to a low of $169.56, signaling an anticipated upside of 17.34% from the current share price of $174.83. For a comprehensive overview of these projections, visit the Avery Dennison Corp (AVY) Forecast page.
Brokerage Recommendations
According to consensus estimates from 14 brokerage firms, Avery Dennison Corp (AVY, Financial) holds an average brokerage recommendation of 2.1, categorizing it as an "Outperform" stock. This rating scale ranges from 1 to 5, where 1 signifies a Strong Buy, and 5 indicates a Sell.
GuruFocus Valuation
The GF Value for Avery Dennison Corp (AVY, Financial) is estimated at $196.32 over the next year, suggesting a potential upside of 12.29% from the present price of $174.83. GF Value represents GuruFocus' fair value assessment, calculated considering historical trading multiples, past business growth, and anticipated future performance. For an in-depth analysis, refer to the Avery Dennison Corp (AVY) Summary page.
