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Avery Dennison (NYSE:AVY) Stock, Chaîne d'Options

Avery Dennison

Avery Dennison manufactures pressure-sensitive materials, merchandise tags, and labels. The company also runs a specialty converting business that produces radio-frequency identification, or RFID, inlays and labels. Avery Dennison draws a significant amount of revenue from outside the United States, with international operations accounting for the majority of total sales.

Avery Dennison Corp

Avaya Holdings Corp

<p><strong>Kroger will use RFID sensors to enable item-level digital identification for greater inventory accuracy to maximize freshness, reduce waste and optimize associates' time</strong></p>
<p>Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) announced today it will begin working with The Kroger Co. to build a better associate and customer experience through RFID inventory automation technology. This collaboration makes item-level digital identification possible, enabling more frequent and more accurate inventory information to maximize freshness, reduce waste and improve the associate experience.</p>


News

Avery Dennison Announces It Will Begin Working With The Kroger Co. To Build A Better Associate And Customer Experience Through RFID Inventory Automation Technology

<p>Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) is preparing to release its quarterly earnings on Wednesday, 2024-10-23. Here's a brief overview of what investors should keep in mind before the announcement.</p>
<p>Analysts expect Avery Dennison to report an <strong>earnings per share</strong> (EPS) of $2.33.</p>
<p>Anticipation surrounds Avery Dennison's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.</p>
<p>New investors should understand that while earnings performance is important, market reactions are often driven by guidance.</p>
<h3>Performance in Previous Earnings</h3>
<p>In the previous earnings release, the company beat EPS by $0.16, leading to a 2.62% drop in the share price the following trading session.</p>
<p>Here's a look at Avery Dennison's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
<th><strong>Q3 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>2.26</td>
<td>2.15</td>
<td>2.17</td>
<td>2.1</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>2.42</td>
<td>2.29</td>
<td>2.16</td>
<td>2.1</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>-3.0%</td>
<td>2.0%</td>
<td>0.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729609395_0.png" alt="eps graph" /></p>
<h3>Avery Dennison Share Price Analysis</h3>
<p>Shares of Avery Dennison were trading at $215.41 as of October 21. Over the last 52-week period, shares are up 25.93%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. </p>
<h3>Analyst Insights on Avery Dennison</h3>
<p>For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Avery Dennison.</p>
<p>The consensus rating for Avery Dennison is Outperform, derived from 7 analyst ratings. An average one-year price target of $248.43 implies a potential 15.33% upside.</p>
<h3>Understanding Analyst Ratings Among Peers</h3>
<p>In this analysis, we delve into the analyst ratings and average 1-year price targets of International Paper, Packaging Corp of America and Graphic Packaging Holding, three key industry players, offering insights into their relative performance expectations and market positioning.</p>
<ul>
<li>The prevailing sentiment among analysts is an Buy trajectory for International Paper, with an average 1-year price target of $52.5, implying a potential 75.63% downside.</li>
<li>For Packaging Corp of America, analysts project an Buy trajectory, with an average 1-year price target of $226.4, indicating a potential 5.1% upside.</li>
<li>The consensus among analysts is an Outperform trajectory for Graphic Packaging Holding, with an average 1-year price target of $33.0, indicating a potential 84.68% downside.</li>
</ul>
<h3>Comprehensive Peer Analysis Summary</h3>
<p>The peer analysis summary outlines pivotal metrics for International Paper, Packaging Corp of America and Graphic Packaging Holding, demonstrating their respective standings within the industry and offering valuable insights into their market positions and comparative performance.</p>
<p>
<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Avery Dennison</td>
<td>Outperform</td>
<td>6.93%</td>
<td>$662.70M</td>
<td>7.87%</td>
</tr>
<tr>
<td>International Paper</td>
<td>Buy</td>
<td>1.11%</td>
<td>$1.37B</td>
<td>5.91%</td>
</tr>
<tr>
<td>Packaging Corp of America</td>
<td>Buy</td>
<td>6.31%</td>
<td>$437.70M</td>
<td>4.84%</td>
</tr>
<tr>
<td>Graphic Packaging Holding</td>
<td>Outperform</td>
<td>-6.48%</td>
<td>$481M</td>
<td>6.70%</td>
</tr>
</tbody>
</table>
</p>
<p>Key Takeaway:</p>
<p>Avery Dennison ranks highest in Revenue Growth among its peers. It also leads in Gross Profit. However, it has the lowest Return on Equity. Overall, Avery Dennison is positioned at the top in terms of Revenue Growth and Gross Profit, but falls to the bottom in Return on Equity compared to its peers.</p>
<h3>Delving into Avery Dennison's Background</h3>
<p>Avery Dennison manufactures pressure-sensitive materials, merchandise tags, and labels. The company also runs a specialty converting business that produces radio-frequency identification, or RFID, inlays and labels. Avery Dennison draws a significant amount of revenue from outside the United States, with international operations accounting for the majority of total sales.</p>
<h3>Avery Dennison: Financial Performance Dissected</h3>
<p><strong>Market Capitalization Highlights:</strong> Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.</p>
<p><strong>Revenue Growth:</strong> Avery Dennison's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of <strong>6.93%</strong>. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Materials sector.</p>
<p><strong>Net Margin:</strong> Avery Dennison's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of <strong>7.91%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of <strong>7.87%,</strong> the company may need to address challenges in generating satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of <strong>2.14%,</strong> the company may need to address challenges in generating satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> Avery Dennison's debt-to-equity ratio is below the industry average at <strong>1.41</strong>, reflecting a lower dependency on debt financing and a more conservative financial approach.</p>
<p><a href="https://www.benzinga.com/quote/AVY/earnings"><strong>To track all earnings releases for Avery Dennison visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Earnings

Avery Dennison Earnings Preview

<p><strong>Avery Dennison's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) short percent of float has risen 12.55% since its last report. The company recently reported that it has <strong>2.02 million shares sold short</strong>, which is 2.87% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 2.64 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Avery Dennison Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729520112_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Avery Dennison has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.</p>
<h3>Comparing Avery Dennison's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Avery Dennison's peer group average for short interest as a percentage of float is 4.88%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

Short Ideas

Trading Ideas

Peering Into Avery Dennison's Recent Short Interest

<p>Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.</p>
<ul>
<li>HSBC analyst Shubhangi Gupta upgraded the rating for <strong>Illumina, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>) from Hold to Buy and announced a $180 price target. Illumina shares closed at $147.61 on Wednesday. <a href="https://www.benzinga.com/quote/ILMN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities analyst George Staphos upgraded <strong>O-I Glass, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) from Neutral to Buy and boosted the price target from $14 to $16. O-I Glass shares closed at $12.77 on Tuesday. <a href="https://www.benzinga.com/quote/OI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>William Blair analyst Adam Klauber upgraded the rating for <strong>The Baldwin Insurance Group, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWIN#NASDAQ">BWIN</a>) from Market Perform to Outperform. Baldwin Insurance shares closed at $52.58 on Tuesday. <a href="https://www.benzinga.com/quote/BWIN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities analyst George Staphos upgraded <strong>Avery Dennison Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) from Underperform to Buy and increased the price target from $207 to $25. Avery Dennison shares closed at $219.88 on Wednesday. <a href="https://www.benzinga.com/quote/WVY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Guggenheim analyst Joseph Osha upgraded the rating for <strong>Enphase Energy, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) from Sell to Neutral. Enphase Energy shares closed at $92.04 on Wednesday. <a href="https://www.benzinga.com/quote/ENPH/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
<p>Considering buying ILMN stock? Here&#8217;s what analysts think:</p>
<p><figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="500" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17083944/image-147-1024x500.png" alt="" class="wp-image-600564" style="width:635px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17083944/image-147-1024x500.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17083944/image-147-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17083944/image-147-768x375.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17083944/image-147.png 1357w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></p>


Upgrades

Price Target

Pre-Market Outlook

Markets

Analyst Ratings

BWIN

ENPH

ILMN

This Illumina Analyst Turns Bullish; Here Are Top 5 Upgrades For Thursday

<p>B of A Securities  analyst George Staphos   upgrades Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) from Underperform to Buy and raises the price target from $207 to $250.</p>


B of A Securities Upgrades Avery Dennison to Buy, Raises Price Target to $250

<p>Barclays  analyst Scott Gaffner   initiates coverage on Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) with a Overweight rating and announces Price Target of $250.</p>


Initiation

Barclays Initiates Coverage On Avery Dennison with Overweight Rating, Announces Price Target of $250

<p>In the last three months, 8 analysts have published ratings on Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>), offering a diverse range of perspectives from bullish to bearish.</p>
<p>In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts have recently evaluated Avery Dennison and provided 12-month price targets. The average target is $250.82, accompanied by a high estimate of $274.60 and a low estimate of $235.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 0.02%. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727902961_0.png" alt="price target chart" /></p>
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
<p>The standing of Avery Dennison among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Anthony Pettinari</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$240.00</td>
<td>$241.00</td>
</tr>
<tr>
<td>John McNulty</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$252.00</td>
<td>$254.00</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$235.00</td>
<td>$262.00</td>
</tr>
<tr>
<td>John McNulty</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$254.00</td>
<td>$256.00</td>
</tr>
<tr>
<td>Michael Roxland</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$258.00</td>
<td>$253.00</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$252.00</td>
<td>$260.00</td>
</tr>
<tr>
<td>Lars Kjellberg</td>
<td>Stifel</td>
<td>Announces</td>
<td>Buy</td>
<td>$274.60</td>
<td>-</td>
</tr>
<tr>
<td>Anthony Pettinari</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$241.00</td>
<td>$230.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Avery Dennison. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Avery Dennison compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts gauge the dynamics of price targets, providing estimates for the future value of Avery Dennison's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Avery Dennison's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/AVY/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Avery Dennison analyst ratings.</strong></a></p>
<h2>All You Need to Know About Avery Dennison</h2>
<p>Avery Dennison manufactures pressure-sensitive materials, merchandise tags, and labels. The company also runs a specialty converting business that produces radio-frequency identification, or RFID, inlays and labels. Avery Dennison draws a significant amount of revenue from outside the United States, with international operations accounting for the majority of total sales.</p>
<h3>Avery Dennison: Delving into Financials</h3>
<p><strong>Market Capitalization:</strong> Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.</p>
<p><strong>Revenue Growth:</strong> Avery Dennison's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately <strong>6.93%</strong>. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Materials sector.</p>
<p><strong>Net Margin:</strong> The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of <strong>7.91%,</strong> the company may need to address challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Avery Dennison's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of <strong>7.87%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Return on Assets (ROA):</strong> Avery Dennison's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of <strong>2.14%,</strong> the company may encounter challenges in delivering satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> Avery Dennison's debt-to-equity ratio is below the industry average at <strong>1.41</strong>, reflecting a lower dependency on debt financing and a more conservative financial approach.</p>
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
<p>Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.</p>
<p>Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.</p>
<p><strong>Breaking: Wall Street's Next Big Mover</strong></p>
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<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


In-Depth Examination Of 8 Analyst Recommendations For Avery Dennison

<p>Citigroup  analyst Anthony Pettinari   maintains Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) with a Neutral and lowers the price target from $241 to $240.</p>


Citigroup Maintains Neutral on Avery Dennison, Lowers Price Target to $240

<p>Throughout the last three months, 7 analysts have evaluated Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>), offering a diverse set of opinions from bullish to bearish.</p>
<p>The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $252.37, a high estimate of $274.60, and a low estimate of $235.00. Highlighting a 0.05% decrease, the current average has fallen from the previous average price target of $252.50. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726771524_0.png" alt="price target chart" /></p>
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
<p>The standing of Avery Dennison among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John McNulty</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$252.00</td>
<td>$254.00</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$235.00</td>
<td>$262.00</td>
</tr>
<tr>
<td>John McNulty</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$254.00</td>
<td>$256.00</td>
</tr>
<tr>
<td>Michael Roxland</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$258.00</td>
<td>$253.00</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$252.00</td>
<td>$260.00</td>
</tr>
<tr>
<td>Lars Kjellberg</td>
<td>Stifel</td>
<td>Announces</td>
<td>Buy</td>
<td>$274.60</td>
<td>-</td>
</tr>
<tr>
<td>Anthony Pettinari</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$241.00</td>
<td>$230.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Avery Dennison. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Avery Dennison compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts predict movements in price targets, offering estimates for Avery Dennison's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>To gain a panoramic view of Avery Dennison's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/AVY/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Avery Dennison analyst ratings.</strong></a></p>
<h2>Unveiling the Story Behind Avery Dennison</h2>
<p>Avery Dennison manufactures pressure-sensitive materials, merchandise tags, and labels. The company also runs a specialty converting business that produces radio-frequency identification, or RFID, inlays and labels. Avery Dennison draws a significant amount of revenue from outside the United States, with international operations accounting for the majority of total sales.</p>
<h3>Avery Dennison's Financial Performance</h3>
<p><strong>Market Capitalization:</strong> Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.</p>
<p><strong>Revenue Growth:</strong> Over the 3 months period, Avery Dennison showcased positive performance, achieving a revenue growth rate of <strong>6.93%</strong> as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Materials sector.</p>
<p><strong>Net Margin:</strong> Avery Dennison's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of <strong>7.91%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Avery Dennison's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of <strong>7.87%,</strong> the company may face hurdles in generating optimal returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> Avery Dennison's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of <strong>2.14%,</strong> the company may face hurdles in generating optimal returns from its assets.</p>
<p><strong>Debt Management:</strong> With a below-average debt-to-equity ratio of <strong>1.41</strong>, Avery Dennison adopts a prudent financial strategy, indicating a balanced approach to debt management.</p>
<h2>How Are Analyst Ratings Determined?</h2>
<p>Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.</p>
<p>Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.</p>
<p><strong>Which Stocks Are Analysts Recommending Now?</strong></p>
<p>Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights"><strong>Click here to stay ahead of the market</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


In-Depth Examination Of 7 Analyst Recommendations For Avery Dennison

<p>BMO Capital  analyst John McNulty   reiterates Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) with a Outperform and lowers the price target from $254 to $252.</p>


Reiteration

BMO Capital Reiterates Outperform on Avery Dennison, Lowers Price Target to $252

<p><strong>Avery Dennison's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) short percent of float has fallen 6.25% since its last report. The company recently reported that it has <strong>1.47 million shares sold short</strong>, which is 2.1% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 3.34 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Avery Dennison Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1723235416_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Avery Dennison has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Avery Dennison's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Avery Dennison's peer group average for short interest as a percentage of float is 4.39%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Looking Into Avery Dennison's Recent Short Interest

<p>UBS  analyst Joshua Spector   downgrades Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) from Buy to Neutral and lowers the price target from $262 to $235.</p>


Downgrades

UBS Downgrades Avery Dennison to Neutral, Lowers Price Target to $235

<p>BMO Capital  analyst John McNulty   maintains Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) with a Outperform and lowers the price target from $256 to $254.</p>


BMO Capital Maintains Outperform on Avery Dennison, Lowers Price Target to $254

<p>In the latest quarter, 7 analysts provided ratings for Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>), showcasing a mix of bullish and bearish perspectives.</p>
<p>The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Insights from analysts' 12-month price targets are revealed, presenting an average target of $253.37, a high estimate of $274.60, and a low estimate of $241.00. This current average has increased by 4.05% from the previous average price target of $243.50. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1721833217_0.png" alt="price target chart" /></p>
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
<p>The perception of Avery Dennison by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Roxland</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$258.00</td>
<td>$253.00</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$252.00</td>
<td>$260.00</td>
</tr>
<tr>
<td>Lars Kjellberg</td>
<td>Stifel</td>
<td>Announces</td>
<td>Buy</td>
<td>$274.60</td>
<td>-</td>
</tr>
<tr>
<td>Anthony Pettinari</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$241.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Ghansham Panjabi</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$250.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Bill Selesky</td>
<td>Argus Research</td>
<td>Raises</td>
<td>Buy</td>
<td>$245.00</td>
<td>$240.00</td>
</tr>
<tr>
<td>Michael Roxland</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$253.00</td>
<td>$248.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Avery Dennison. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Avery Dennison compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts explore the dynamics of price targets, providing estimates for the future value of Avery Dennison's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
<p>Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Avery Dennison's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/AVY/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Avery Dennison analyst ratings.</strong></a></p>
<h2>About Avery Dennison</h2>
<p>Avery Dennison manufactures pressure-sensitive materials, merchandise tags, and labels. The company also runs a specialty converting business that produces radio-frequency identification, or RFID, inlays and labels. Avery Dennison draws a significant amount of revenue from outside the United States, with international operations accounting for the majority of total sales.</p>
<h3>Avery Dennison: A Financial Overview</h3>
<p><strong>Market Capitalization:</strong> Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.</p>
<p><strong>Revenue Growth:</strong> Avery Dennison's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of <strong>4.18%</strong>. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Materials sector.</p>
<p><strong>Net Margin:</strong> Avery Dennison's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>8.01%</strong> net margin, the company effectively manages costs and achieves strong profitability.</p>
<p><strong>Return on Equity (ROE):</strong> Avery Dennison's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of <strong>7.96%,</strong> the company showcases efficient use of equity capital and strong financial health.</p>
<p><strong>Return on Assets (ROA):</strong> Avery Dennison's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of <strong>2.09%,</strong> the company showcases efficient use of assets and strong financial health.</p>
<p><strong>Debt Management:</strong> With a below-average debt-to-equity ratio of <strong>1.47</strong>, Avery Dennison adopts a prudent financial strategy, indicating a balanced approach to debt management.</p>
<h2>Understanding the Relevance of Analyst Ratings</h2>
<p>Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.</p>
<p>Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Deep Dive Into Avery Dennison Stock: Analyst Perspectives (7 Ratings)

<p>Truist Securities  analyst Michael Roxland   maintains Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) with a Buy and raises the price target from $253 to $258.</p>


Truist Securities Maintains Buy on Avery Dennison, Raises Price Target to $258

Guidance

Avery Dennison Raises FY24 Adj EPS Outlook From $9.00 - $9.50 To $9.30 - $9.50 Vs. $9.41 Est.

<p>Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) reported quarterly earnings of $2.42 per share which beat the analyst consensus estimate of $2.26 by 7.08 percent. This is a 26.04 percent increase over earnings of $1.92 per share from the same period last year.  The company reported quarterly sales of $2.23 billion which beat the analyst consensus estimate of $2.18 billion by 2.52 percent.  This is a 6.89 percent increase over sales of $2.09 billion the same period last year.</p>


Earnings Beats

Avery Dennison Q2 Adj $2.42 Beats $2.26 Estimate, Sales $2.23B Beat $2.18B Estimate

<p><strong>Avery Dennison's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) short percent of float has risen 3.23% since its last report. The company recently reported that it has <strong>1.58 million shares sold short</strong>, which is 2.24% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 3.3 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Avery Dennison Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1721240110_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Avery Dennison has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.</p>
<h3>Comparing Avery Dennison's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Avery Dennison's peer group average for short interest as a percentage of float is 4.13%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


<p>Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) has outperformed the market over the past 15 years by 2.53% on an annualized basis producing an average annual return of 15.06%. Currently, Avery Dennison has a market capitalization of $17.63 billion. </p>
<p><strong>Buying $1000 In AVY:</strong> If an investor had bought $1000 of AVY stock 15 years ago, it would be worth <strong>$8,117.58</strong> today based on a price of $218.85 for AVY at the time of writing.</p>
<h3>Avery Dennison's Performance Over Last 15 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1721079028_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


$1000 Invested In This Stock 15 Years Ago Would Be Worth $8,100 Today

<p><strong>Identiv</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inve#NASDAQ">INVE</a>) recently collaborated with Omnilert to combine Omnilert Gun Detect and INVE&#39;s Velocity Vision Ecosystem. This collaboration is aimed at curbing the frequency of gun violence in the United States. Identiv will also become the reseller of Omnilert Gun Detect.</p>
<p>Omnilert Gun Detect and Velocity Vision Ecosystem integrate seamlessly to ensure proactive gun detection with the use of artificial intelligence. Notably, AI will be used for monitoring the videos recorded throughout the premises and responding with proper safety measures once a weapon is detected.</p>
<p>The velocity vision ecosystem can be scaled to integrate 1,000 devices and supports more than 8,500 models of camera. The ecosystem also operates over a range of platforms, including on-premises, cloud, hybrid and mobile.</p>
<p>With this new offering, INVE will be able to expand its customer base among schools, hospitals, retail stores, public spaces, corporate offices and factories. This partnership might also become one of the factors that could aid in recovering its Premises segment, which accounts for the Velocity single-pane solution, Velocity Vision video and VisionAI. Net revenues of INVE&#39;s Premises segment declined 14.7% year over year in the first quarter of 2024.</p>
<div class="chart_embed">
<h3>Identiv, Inc. Price and Consensus</h3>
<h3><img alt="Identiv, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/b2/1721041745.png" style="height:282px; width:610px" title="" /></h3>
<p>Identiv, Inc. price-consensus-chart | Identiv, Inc. Quote</p>
</div>
<h3>Near-Term Headwinds</h3>
<p>Although Identiv&#39;s Premises segment has the competitive advantage of having the technical know-how, end-to-end product line and customization, the segment relies heavily on the federal government&#39;s budget allocation. In recent times, INVE was affected by the headwinds from the federal government&#39;s budgetary uncertainty that continued till March 2024.</p>
<p>Identiv is also experiencing softness in its Identity segment due to weakness in RFID-enabled IoT products, mainly Lilly. Lower IT spending among larger enterprises due to the weakening of the global economy amid ongoing macroeconomic uncertainties is also a reason. INVE also faces stiff competition in the RFID market from industry giants like <strong>Avery Dennison Corp</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/avy#NYSE">AVY</a>), <strong>IMPINJ Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pi#NASDAQ">PI</a>) and <strong>Honeywell International</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hon#NASDAQ">HON</a>).</p>
<p>Avery International&#39;s Smartrac division and IMPINJ are expanding the market share of their RFID offerings in apparel, beauty, aviation, automotive and pharmaceutical space. Honeywell International, on the other hand, covers healthcare, food packaging and airline baggage space with its RFID tags and handheld technology.</p>
<p>These negative factors acting against Identiv have reduced investors&#39; confidence on the stock. Shares of INVE have plunged 49% year to date compared with the Zacks Computer Peripheral Equipment industry&#39;s decline of 21.2%.</p>
<h3>Conclusion</h3>
<p>Although Identiv is investing in multiple capabilities to get a competitive advantage in the long run, the company faces several near-term challenges. The Zacks Consensus Estimate for INVE&#39;s second-quarter 2024 revenues is pegged at $24 million, indicating a decline of 18.81% year over year.</p>
<p>The Zacks Consensus Estimate for second-quarter 2024 loss per share has been widened from 12 cents to 24 cents in the past 90 days.</p>
<p>Identiv carries a Zacks Rank #3 (Hold) at present.</p>
<p><a href="https://www.zacks.com/stock/news/2301559/identiv-inve-teams-up-with-omnilert-to-curb-gun-violence?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2301559">To read this article on Zacks.com click here.</a></p>


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