Avery Dennison Corporation

NYSE:AVY Stock Report

Market Cap: US$13.1b

Avery Dennison Future Growth

Future criteria checks 2/6

Avery Dennison is forecast to grow earnings and revenue by 9.9% and 3.3% per annum respectively. EPS is expected to grow by 12.1% per annum. Return on equity is forecast to be 34.7% in 3 years.

Key information

9.9%

Earnings growth rate

12.10%

EPS growth rate

Packaging earnings growth23.7%
Revenue growth rate3.3%
Future return on equity34.67%
Analyst coverage

Good

Last updated17 Sep 2026

Recent future growth updates

Recent updates

Seeking Alpha • Jul 28

Avery Dennison: Shares Are Almost Cheap Enough

Summary Avery Dennison Corporation remains a 'hold' as valuation is not yet compelling despite recent share price declines. AVY's Q1 2026 showed revenue and profitability growth, driven by its Materials Group segment, but relative valuation remains a concern. Management expects sequential earnings growth, but macroeconomic uncertainty and weak apparel imports present ongoing risks. I would consider upgrading AVY if fundamentals improve or the share price drops another 10–20%. Read the full article on Seeking Alpha
Analysis Article • Jun 18

Avery Dennison (AVY) Stock Could Be 20.3% Undervalued After Q1 Earnings Beat

Avery Dennison (AVY) entered the spotlight after reporting first quarter revenue and adjusted earnings per share above analyst estimates, prompting investors to reassess the stock following its weaker performance relative to the broader market. See our latest analysis for Avery Dennison. At a latest share price of $159.55, Avery Dennison has seen its 7 day share price return of 2.23% offer a brief rebound, while the year to date share price return is down 12.55% and the 1 year total...
Narrative Update • Jun 10

AVY: RFID Partnership And Acquisitions Will Drive 2026 Upside Potential

Avery Dennison's consensus analyst price target has shifted slightly, with several firms trimming their targets by amounts ranging from about $1 to $20 as analysts balance optimism around the company's RFID partnership with Walmart and recent acquisitions against ongoing tariff and earnings risk. Analyst Commentary Recent research on Avery Dennison reflects a mix of optimism around growth projects and caution around near term earnings risk.
Narrative Update • May 26

AVY: 2026 Upside Will Rely On Margin Delivery And Discipline

Avery Dennison's updated analyst price target of about $200 reflects a modest trim of roughly $5, as analysts fine tune expectations for revenue growth, profit margins, the discount rate and future P/E after a mix of recent target raises and cuts across the Street. Analyst Commentary Recent research shows a mixed but generally cautious reset around Avery Dennison, with several firms trimming price targets by varying amounts and a smaller group raising or initiating targets closer to the updated consensus near US$200.
Narrative Update • Apr 24

AVY: 2026 Upside Will Hinge On Margin Execution And Buybacks

Avery Dennison's updated analyst price target has shifted from $210 to $205, reflecting a series of recent target trims across firms such as Raymond James, Truist, Citi, UBS and BofA, partly offset by more constructive coverage from Deutsche Bank and earlier target increases from BMO Capital and Citi. Analyst Commentary Recent Street research around Avery Dennison reflects a mix of optimism and caution, with several firms trimming price targets while others have raised targets or initiated coverage with a constructive stance.
Narrative Update • Apr 09

AVY: 2026 Outlook Will Rely On Intelligent Labels And Margin Execution

Avery Dennison's analyst price target has edged down by about $2 to $210, as analysts balance slightly softer assumptions for growth, margins, and discount rates with a still constructive view, which is reflected in recent target revisions and a new bullish initiation. Analyst Commentary Recent research on Avery Dennison shows a mix of optimism and caution, with several firms adjusting price targets in both directions.
Narrative Update • Mar 26

AVY: 2026 Outlook Will Hinge On Rising Intelligent Label Adoption

Analysts have lifted their price targets on Avery Dennison by between $8 and $24, citing updated 2026 packaging volume expectations, ongoing growth in beverage cans, disciplined containerboard supply, and improving sentiment around intelligent labels. Analyst Commentary Recent research updates cluster around higher price targets for Avery Dennison, but the tone is mixed, with analysts balancing cautious volume assumptions for 2026 against more constructive views on packaging mix and intelligent labels.
Narrative Update • Mar 10

AVY: 2026 Outlook Will Rely On Growing Intelligent Label Adoption

Avery Dennison's updated analyst price target reflects a modest recalibration in valuation, with analysts citing revised 2026 packaging volume expectations, disciplined containerboard supply, and improving sentiment around intelligent labels as key drivers behind the new $211.90 fair value anchor. Analyst Commentary Recent price target moves for Avery Dennison cluster around a common theme, with analysts fine tuning their views on packaging volumes, containerboard pricing and intelligent labels as they update 2026 outlooks.
Narrative Update • Feb 24

AVY: Fair 2026 Outlook Balances Intelligent Labels Promise And Packaging Volume Risks

Analysts have lifted their price targets on Avery Dennison by up to $24, reflecting updated views on 2026 packaging volumes, intelligent labels demand, and pricing power across key end markets. Analyst Commentary Recent research on Avery Dennison centers on updated 2026 assumptions for packaging volumes, intelligent labels adoption, and pricing, which is feeding directly into refreshed valuation work and higher price targets across several firms.
Narrative Update • Feb 09

AVY: Higher Street Confidence Meets Cautious View On 2026 Packaging Volumes

Avery Dennison's updated analyst price target has edged higher by about US$5 to US$211.90 as analysts factor in revised fair value estimates, a slightly higher discount rate, more conservative revenue and margin assumptions, and a modestly higher future P/E that reflects recent target increases across the Street. Analyst Commentary Recent research updates cluster around higher price targets for Avery Dennison, but the tone of the commentary is mixed, with bullish analysts focusing on long term growth drivers and more cautious voices flagging near term volume and macro risks.
Narrative Update • Jan 24

AVY: Intelligent Labels And Mixed Packaging Volumes Shape A Balanced Outlook

Narrative Update Analysts have lifted their blended price targets for Avery Dennison into a roughly US$188 to US$234 range, citing updated 2026 sector outlooks, expectations for steady packaging volumes, and improving sentiment around intelligent labels and broader macro conditions for the company’s core businesses. Analyst Commentary Recent Street research on Avery Dennison clusters around a higher valuation range, with price targets cited between roughly US$188 and US$234 and ratings that span from Neutral to Buy.
Narrative Update • Jan 09

AVY: Intelligent Labels And Buybacks Will Support A More Constructive Outlook

Avery Dennison's fair value estimate has been lifted by about $4 to $206.80 as analysts factor in higher Street price targets and an outlook that acknowledges a challenging 2026 volume setup in packaging while also pointing to ongoing strength in beverage cans, disciplined containerboard pricing and improving sentiment around intelligent labels. Analyst Commentary Street research around Avery Dennison centers on how the company can execute through a tougher 2026 volume setup while still justifying higher valuation targets.
Analysis Article • Dec 28

Is Now The Time To Look At Buying Avery Dennison Corporation (NYSE:AVY)?

Let's talk about the popular Avery Dennison Corporation ( NYSE:AVY ). The company's shares saw a double-digit share...
Narrative Update • Dec 15

AVY: Recent Upgrade And Buybacks Will Support Balanced Risk Reward Profile

Analysts have modestly raised their price target on Avery Dennison to $200.00. This reflects slightly improved long term growth and profitability assumptions that support a more constructive view on the shares.
Narrative Update • Nov 30

AVY: Recent Upgrade And Share Buyback Are Expected To Lift Shares

Analysts have raised their price target for Avery Dennison to $202.36 from $200, citing the company's slightly improved financial outlook and recent favorable research upgrades. Analyst Commentary Following recent research activity and an improved financial outlook, analysts offer both positive and cautious perspectives on Avery Dennison’s prospects.
Narrative Update • Nov 16

AVY: Demand Momentum And Recent Buyback Will Drive Shares Higher

Analysts have raised the price target for Avery Dennison to $202.36 from $200, citing stronger expectations for future earnings and the company's recent upgrade to a Buy rating. Analyst Commentary Recent analyst reports have highlighted both the strengths and risks facing Avery Dennison as it moves into its next growth phase.
Narrative Update • Nov 01

AVY: Rising Confidence In Execution Will Drive Fresh Food RFID Expansion

Analysts have raised their price target for Avery Dennison by approximately $12.70 to $202.36, citing stronger forecasts for revenue growth and recent positive upgrades in their outlook. Analyst Commentary Recent analyst updates for Avery Dennison reflect both optimism about the company's near-term prospects and caution regarding potential headwinds that may impact its growth and valuation.
Narrative Update • Oct 18

RFID And Sustainable Trends Will Expand Global Labeling Markets

Analysts have slightly lowered their price target for Avery Dennison from $191.33 to $189.67. This change reflects modest adjustments in forecasted revenue growth and valuation multiples.
Narrative Update • Oct 04

RFID And Sustainable Trends Will Expand Global Labeling Markets

Analysts have slightly lowered their fair value estimate for Avery Dennison from $195.25 to $191.33 per share. They attribute the adjustment to tempered sector expectations and modest changes in revenue growth and profitability assumptions.
Seeking Alpha • Apr 17

Why I'm Maintaining My Buy Rating On Avery Dennison

Summary Avery Dennison appears to have turned a corner because destocking is fading and higher-value business categories are thriving. However, despite rising earnings in recent quarters, the share price continues to slide, as it has for the past nine months. I'm bullish on its future, and expect the share price to rise by 11.68% over the coming year. Read the full article on Seeking Alpha
Seeking Alpha • Jan 03

Avery Dennison: Labeling A Better Future

Summary Avery Dennison Corporation has seen mixed performance since 2021, with inventory de-stocking impacting results, but recent growth and share buybacks improving prospects. The company’s valuation has become more reasonable, with the earnings multiple dropping from 22 to 19–20 times, and leverage ratios improving. Management expects continued growth in 2025 earnings, potentially reducing multiples to 17–18 times, enhancing appeal if formal guidance is confirmed. I am awaiting a slight further pullback for real appeal, as the current valuation and dividend yield just below 2% are not yet compelling enough. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:AVY - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202810,0568861,0411,3116
12/31/20279,6328259511,20810
12/31/20269,3417269111,11710
6/30/20269,2487051,0331,234N/A
3/31/20269,0066908411,034N/A
12/31/20258,856688681881N/A
9/27/20258,770696653856N/A
6/28/20258,738711602814N/A
3/29/20258,753699575803N/A
12/28/20248,756705699939N/A
9/28/20248,681674641900N/A
6/29/20248,595631685952N/A
3/30/20248,451554673944N/A
12/30/20238,364503541826N/A
9/30/20238,280483570860N/A
7/1/20238,499566449758N/A
4/1/20238,755680524837N/A
12/31/20229,039757663961N/A
10/1/20229,197817570899N/A
7/2/20228,951760666964N/A
4/2/20228,706729664964N/A
1/1/20228,4087407751,047N/A
10/2/20218,2167498191,072N/A
7/3/20217,8737358101,044N/A
4/3/20217,300631750956N/A
1/2/20216,972556533751N/A
9/26/20206,754527519721N/A
6/27/20206,786521N/A692N/A
3/28/20207,053585N/A716N/A
12/28/20197,070304N/A747N/A
9/28/20197,066238N/A737N/A
6/29/20197,064243N/A487N/A
3/30/20197,123195N/A477N/A
12/29/20187,159467N/A458N/A
9/29/20187,126311N/A444N/A
6/30/20187,045270N/A680N/A
3/31/20186,818295N/A648N/A
12/30/20176,614282N/A646N/A
9/30/20176,429403N/A610N/A
7/1/20176,259384N/A545N/A
4/1/20176,173343N/A606N/A
12/31/20166,087321N/A582N/A
10/1/20165,991315N/A557N/A
7/2/20165,950307N/A519N/A
4/2/20165,924292N/A463N/A
1/2/20165,967274N/A474N/A
10/3/20156,117288N/A437N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AVY's forecast earnings growth (9.9% per year) is above the savings rate (3.7%).

Earnings vs Market: AVY's earnings (9.9% per year) are forecast to grow slower than the US market (17.1% per year).

High Growth Earnings: AVY's earnings are forecast to grow, but not significantly.

Revenue vs Market: AVY's revenue (3.3% per year) is forecast to grow slower than the US market (13.3% per year).

High Growth Revenue: AVY's revenue (3.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AVY's Return on Equity is forecast to be high in 3 years time (34.7%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/17 21:54
End of Day Share Price 2026/09/17 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Avery Dennison Corporation is covered by 20 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullArgus Research Company
Ghansham PanjabiBaird
Peter RuschmeierBarclays