Analysts at Robert W. Baird Kept their “Buy” rating for Avery Dennison (AVY) with $100.0 Target Price per Share; 3M Company (MMM) Shorts Lowered By 5.76%

October 12, 2017 - By reb123z

3M Company (NYSE:MMM) had a decrease of 5.76% in short interest. MMM’s SI was 8.17 million shares in October as released by FINRA. Its down 5.76% from 8.67 million shares previously. With 1.44 million avg volume, 6 days are for 3M Company (NYSE:MMM)’s short sellers to cover MMM’s short positions. The SI to 3M Company’s float is 1.37%. About 449,303 shares traded. 3M Co (NYSE:MMM) has risen 18.59% since October 12, 2016 and is uptrending. It has outperformed by 1.89% the S&P500.

Among 7 analysts covering Avery Dennison (NYSE:AVY), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Avery Dennison has $108 highest and $66 lowest target. $88.60’s average target is -12.41% below currents $101.15 stock price. Avery Dennison had 16 analyst reports since October 15, 2015 according to SRatingsIntel. On Wednesday, June 21 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. As per Wednesday, December 7, the company rating was upgraded by Bank of America. As per Friday, May 20, the company rating was downgraded by JP Morgan. The rating was maintained by KeyBanc Capital Markets with “Hold” on Tuesday, July 25. The stock of Avery Dennison Corp (NYSE:AVY) has “Hold” rating given on Wednesday, September 20 by KeyBanc Capital Markets. The firm has “Underperform” rating given on Friday, July 1 by Bank of America. Bank of America upgraded the shares of AVY in report on Tuesday, June 20 to “Buy” rating. As per Monday, November 21, the company rating was initiated by Aegis Capital. Barclays Capital maintained the shares of AVY in report on Monday, May 2 with “Overweight” rating. The stock of Avery Dennison Corp (NYSE:AVY) has “Overweight” rating given on Thursday, October 27 by JP Morgan.

Investors sentiment increased to 0.91 in 2017 Q2. Its up 0.10, from 0.81 in 2017Q1. It improved, as 45 investors sold 3M Co shares while 589 reduced holdings. 131 funds opened positions while 449 raised stakes. 387.02 million shares or 0.60% more from 384.71 million shares in 2017Q1 were reported. M Secs has 0.39% invested in 3M Co (NYSE:MMM). Moreover, Reilly Herbert Faulkner Iii has 2.61% invested in 3M Co (NYSE:MMM) for 20,067 shares. Wagner Bowman Mgmt owns 17,064 shares. Summit Secs Group Ltd Company has invested 0.04% in 3M Co (NYSE:MMM). Moreover, City has 0.94% invested in 3M Co (NYSE:MMM) for 12,859 shares. Destination Wealth Mngmt reported 0.03% in 3M Co (NYSE:MMM). Fairfield Bush Company invested in 6,010 shares or 0.4% of the stock. Washington Tru National Bank & Trust holds 7,014 shares. Martin Currie Limited has invested 0.06% in 3M Co (NYSE:MMM). Hrt Limited Liability invested in 0.32% or 988 shares. Rothschild Inv Il has invested 0.39% in 3M Co (NYSE:MMM). Advisor Prtn Limited Co reported 16,380 shares stake. Hilltop Incorporated reported 6,214 shares. Massmutual Fsb Adv reported 48,786 shares. Arizona State Retirement reported 0.47% of its portfolio in 3M Co (NYSE:MMM).

Among 13 analysts covering 3M (NYSE:MMM), 6 have Buy rating, 3 Sell and 4 Hold. Therefore 46% are positive. 3M had 57 analyst reports since July 24, 2015 according to SRatingsIntel. On Wednesday, December 16 the stock rating was maintained by RBC Capital Markets with “Underperform”. The firm earned “Hold” rating on Friday, September 15 by RBC Capital Markets. The rating was maintained by Jefferies with “Buy” on Monday, August 14. The rating was upgraded by RBC Capital Markets on Wednesday, December 7 to “Sector Perform”. As per Monday, November 21, the company rating was downgraded by Goldman Sachs. Jefferies maintained the shares of MMM in report on Tuesday, April 12 with “Buy” rating. Stifel Nicolaus maintained it with “Hold” rating and $202 target in Wednesday, April 26 report. The company was maintained on Tuesday, September 26 by Jefferies. As per Tuesday, August 25, the company rating was maintained by Deutsche Bank. As per Friday, April 28, the company rating was maintained by Barclays Capital.

Since May 3, 2017, it had 0 buys, and 4 insider sales for $6.59 million activity. On Thursday, May 11 Bauman James L sold $2.86 million worth of 3M Co (NYSE:MMM) or 14,616 shares. Lindekugel Jon T also sold $256,388 worth of 3M Co (NYSE:MMM) shares. 3,016 shares valued at $597,500 were sold by Price Kimberly F on Thursday, May 4. Shares for $2.88M were sold by McGrath Marlene Mary on Thursday, May 18.

3M Company is a technology company. It operates through five divisions. The company has market cap of $129.52 billion. The Industrial segment serves a range of markets, such as automotive original equipment maker and automotive aftermarket, , appliance, paper and printing, packaging, food and beverage, and construction. It has a 24.71 P/E ratio. The Safety and Graphics segment serves a range of markets for the safety, security and productivity of people, facilities and systems.

Since April 28, 2017, it had 0 buys, and 4 sales for $2.91 million activity. $80,201 worth of stock was sold by Anderson Anthony on Tuesday, May 16. 22,571 Avery Dennison Corp (NYSE:AVY) shares with value of $1.88 million were sold by GRAVANIS GEORGES. On Tuesday, May 30 STANDER DEON sold $422,500 worth of Avery Dennison Corp (NYSE:AVY) or 5,000 shares.

About 62,551 shares traded. Avery Dennison Corp (NYSE:AVY) has risen 10.91% since October 12, 2016 and is uptrending. It has underperformed by 5.79% the S&P500.

Avery Dennison Corporation is engaged in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products. The company has market cap of $8.95 billion. The Company’s divisions include Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials (IHM). It has a 23.73 P/E ratio. The Company’s LGM segment makes and sells Fasson-, JAC-, and Avery Dennison-brand pressure-sensitive label and packaging materials, Avery Dennison- and Mactac-brand graphics, and Avery Dennison-brand reflective products.

Analysts await Avery Dennison Corp (NYSE:AVY) to report earnings on October, 25. They expect $1.21 EPS, up 19.80% or $0.20 from last year’s $1.01 per share. AVY’s profit will be $107.06M for 20.90 P/E if the $1.21 EPS becomes a reality. After $1.31 actual EPS reported by Avery Dennison Corp for the previous quarter, Wall Street now forecasts -7.63% negative EPS growth.

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