Avery Dennison Corp's stock hit a 52-week low, touching $156.22. This marks a challenging period for the company. The stock has declined roughly 11% over the past year and 12% year-to-date.
According to Bond.az analysis, the stock is currently undervalued relative to its fair value. The adhesive materials manufacturer operates in a volatile market. However, the company has raised its dividend for 15 consecutive years. The current dividend yield stands at 2.51%.
In recent news, Avery Dennison reported strong first-quarter results for 2026, beating expectations. EPS came in at $2.47, revenue at $2.3 billion. The board also increased the quarterly dividend to $1.00 per share.
Analysts have updated price targets. BMO Capital lowered its target to $213, while Baird maintains an Outperform rating with a $210 target. Avery Dennison's apparel end-market accounts for about 20% of sales.
