Avery Dennison Corp. (NYSE: AVY) has a higher price-to-earnings ratio of 31.74x compared to its average ratio, The 36-month beta value for AVY is at 0.93. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 3 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for AVY is 79.23M, and currently, shorts hold a 1.70% of that float. The average trading volume for AVY on April 26, 2024 was 454.21K shares.
AVY) stock’s latest price update
Avery Dennison Corp. (NYSE: AVY) has seen a rise in its stock price by 2.23 in relation to its previous close of 212.42. However, the company has experienced a 3.73% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-25 that Although the revenue and EPS for Avery Dennison (AVY) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
AVY’s Market Performance
AVY’s stock has risen by 3.73% in the past week, with a monthly drop of -1.03% and a quarterly rise of 8.36%. The volatility ratio for the week is 2.63% while the volatility levels for the last 30 days are 1.80% for Avery Dennison Corp. The simple moving average for the past 20 days is 0.65% for AVY’s stock, with a 11.82% simple moving average for the past 200 days.
Analysts’ Opinion of AVY
Many brokerage firms have already submitted their reports for AVY stocks, with Citigroup repeating the rating for AVY by listing it as a “Neutral.” The predicted price for AVY in the upcoming period, according to Citigroup is $214 based on the research report published on January 03, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see AVY reach a price target of $208. The rating they have provided for AVY stocks is “Underperform” according to the report published on January 02nd, 2024.
Raymond James gave a rating of “Outperform” to AVY, setting the target price at $208 in the report published on October 20th of the previous year.
AVY Trading at 1.05% from the 50-Day Moving Average
After a stumble in the market that brought AVY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.59% of loss for the given period.
Volatility was left at 1.80%, however, over the last 30 days, the volatility rate increased by 2.63%, as shares sank -3.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.53% upper at present.
During the last 5 trading sessions, AVY rose by +3.73%, which changed the moving average for the period of 200-days by +22.74% in comparison to the 20-day moving average, which settled at $215.40. In addition, Avery Dennison Corp. saw 7.42% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AVY starting from Yost Ryan D, who sale 1,400 shares at the price of $213.29 back on Mar 11 ’24. After this action, Yost Ryan D now owns 2,843 shares of Avery Dennison Corp., valued at $298,603 using the latest closing price.
Butier Mitchell R, the Executive Chairman of Avery Dennison Corp., sale 17,373 shares at $216.54 during a trade that took place back on Mar 05 ’24, which means that Butier Mitchell R is holding 304,114 shares at $3,762,017 based on the most recent closing price.
Stock Fundamentals for AVY
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.27 for the gross margin
The net margin for Avery Dennison Corp. stands at 0.06. The total capital return value is set at 0.16. Equity return is now at value 26.10, with 6.73 for asset returns.
Based on Avery Dennison Corp. (AVY), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 1.52. The interest coverage ratio of the stock is 7.48.
Currently, EBITDA for the company is 1.26 billion with net debt to EBITDA at 2.55. When we switch over and look at the enterprise to sales, we see a ratio of 2.45. The receivables turnover for the company is 5.91for trailing twelve months and the total asset turnover is 1.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.87.
Conclusion
In conclusion, Avery Dennison Corp. (AVY) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
