Key Takeaways:
- Avery Dennison (AVY, Financial) reports a mixed Q2 performance, slightly beating EPS expectations but missing on revenue.
- Analysts predict a potential upside for AVY with an average price target of $195.52.
- GuruFocus estimates suggest AVY may be undervalued, indicating a 10.55% upside potential.
Avery Dennison (AVY) delivered a mixed performance during its second-quarter earnings report. The company achieved a Non-GAAP EPS of $2.42, which slightly exceeded market expectations. However, Avery Dennison reported revenue of $2.22 billion, falling short by $10 million. Looking towards the third quarter, the company anticipates an adjusted EPS between $2.24 and $2.40, considering various charges.
Wall Street Analysts Forecast
According to price targets established by 11 analysts, Avery Dennison Corp (AVY, Financial) has an average target price of $195.52. Their predictions range from a high of $217.00 to a low of $167.67. This average target suggests a potential upside of 9.22% from its current trading price of $179.01. Investors can explore more detailed estimates on the Avery Dennison Corp (AVY) Forecast page.
The consensus from 14 brokerage firms positions Avery Dennison Corp's (AVY, Financial) average recommendation at 2.4, indicating an "Outperform" status. This rating is part of a scale from 1 to 5, where 1 stands for Strong Buy, and 5 denotes Sell.
Valuation Insights from GuruFocus
GuruFocus provides an estimated GF Value for Avery Dennison Corp (AVY, Financial) of $197.89, which indicates a potential upside of 10.55% from its current price of $179.01. The GF Value is an estimate of the stock's fair trading value, calculated based on historical trading multiples, past business growth, and future performance estimates. For a more in-depth analysis, visit the Avery Dennison Corp (AVY) Summary page.
