In the past week, AVY stock has gone up by 2.78%, with a monthly gain of 2.00% and a quarterly plunge of -0.73%. The volatility ratio for the week is 1.82%, and the volatility levels for the last 30 days are 1.85% for Avery Dennison Corp. The simple moving average for the last 20 days is 1.73% for AVY stock, with a simple moving average of 3.69% for the last 200 days.
Is It Worth Investing in Avery Dennison Corp. (NYSE: AVY) Right Now?
The price-to-earnings ratio for Avery Dennison Corp. (NYSE: AVY) is 28.48x, which is above its average ratio. Moreover, the 36-month beta value for AVY is 0.89. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 3 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for AVY is 79.23M and currently, short sellers hold a 2.26% of that float. On September 27, 2024, AVY’s average trading volume was 497.35K shares.
AVY) stock’s latest price update
The stock price of Avery Dennison Corp. (NYSE: AVY) has surged by 1.34 when compared to previous closing price of 218.82, but the company has seen a 2.78% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-26 that Avery Dennison Corporation, a $17.6 billion leader in labeling and packaging, is poised for growth with its digital tagging solutions, making it a strong buy. Avery Dennison delivered a strong Q2 rebound with record financial performance, as retailer destocking has finally ceased. I believe the stock’s potential upside of 21% based on a P/E ratio of 28.08 justifies a buy rating.
Analysts’ Opinion of AVY
Many brokerage firms have already submitted their reports for AVY stocks, with UBS repeating the rating for AVY by listing it as a “Neutral.” The predicted price for AVY in the upcoming period, according to UBS is $235 based on the research report published on July 25, 2024 of the current year 2024.
Stifel, on the other hand, stated in their research note that they expect to see AVY reach a price target of $274.60. The rating they have provided for AVY stocks is “Buy” according to the report published on July 09th, 2024.
Citigroup gave a rating of “Neutral” to AVY, setting the target price at $214 in the report published on January 03rd of the current year.
AVY Trading at 2.98% 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 -5.02% of loss for the given period.
Volatility was left at 1.85%, however, over the last 30 days, the volatility rate increased by 1.82%, as shares surge +1.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.49% lower at present.
During the last 5 trading sessions, AVY rose by +2.78%, which changed the moving average for the period of 200-days by +15.67% in comparison to the 20-day moving average, which settled at $218.14. In addition, Avery Dennison Corp. saw 9.70% 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 Butier Mitchell R, who sale 10,000 shares at the price of $215.23 back on Aug 22 ’24. After this action, Butier Mitchell R now owns 304,114 shares of Avery Dennison Corp., valued at $2,152,276 using the latest closing price.
Butier Mitchell R, the Executive Chairman of Avery Dennison Corp., sale 7,108 shares at $218.12 during a trade that took place back on Aug 23 ’24, which means that Butier Mitchell R is holding 304,114 shares at $1,550,367 based on the most recent closing price.
Stock Fundamentals for AVY
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.29 for the gross margin
The net margin for Avery Dennison Corp. stands at 0.07. The total capital return value is set at 0.22. Equity return is now at value 29.31, with 7.61 for asset returns.
Based on Avery Dennison Corp. (AVY), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 1.41. The interest coverage ratio of the stock is 9.1.
Currently, EBITDA for the company is 1.26 billion with net debt to EBITDA at 2.17. When we switch over and look at the enterprise to sales, we see a ratio of 2.43. The receivables turnover for the company is 5.6for trailing twelve months and the total asset turnover is 1.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.90.
Conclusion
To wrap up, the performance of Avery Dennison Corp. (AVY) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
