The stock of Avery Dennison Corp. (AVY) has seen a -3.39% decrease in the past week, with a -4.96% drop in the past month, and a -0.69% decrease in the past quarter. The volatility ratio for the week is 3.18%, and the volatility levels for the past 30 days are at 1.93% for AVY. The simple moving average for the last 20 days is -4.13% for AVY stock, with a simple moving average of -3.73% for the last 200 days.
Is It Worth Investing in Avery Dennison Corp. (NYSE: AVY) Right Now?
Avery Dennison Corp. (NYSE: AVY) has a price-to-earnings ratio of 26.67x that is above its average ratio. Additionally, the 36-month beta value for AVY is 0.89. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 3 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for AVY is 79.26M and currently, short sellers hold a 2.55% ratio of that float. The average trading volume of AVY on October 24, 2024 was 497.23K shares.
AVY) stock’s latest price update
The stock price of Avery Dennison Corp. (NYSE: AVY) has plunged by -2.23 when compared to previous closing price of 212.39, but the company has seen a -3.39% decline in its stock price over the last five trading sessions. zacks.com reported 2024-10-23 that AVY expects 2024 adjusted EPS to be in the range of $9.35-$9.50, the midpoint of which indicates 19% year-over-year growth.
Analysts’ Opinion of AVY
Many brokerage firms have already submitted their reports for AVY stocks, with BofA Securities repeating the rating for AVY by listing it as a “Buy.” The predicted price for AVY in the upcoming period, according to BofA Securities is $250 based on the research report published on October 17, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see AVY reach a price target of $250. The rating they have provided for AVY stocks is “Overweight” according to the report published on October 07th, 2024.
UBS gave a rating of “Neutral” to AVY, setting the target price at $235 in the report published on July 25th of the current year.
AVY Trading at -4.20% 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 -11.06% of loss for the given period.
Volatility was left at 1.93%, however, over the last 30 days, the volatility rate increased by 3.18%, as shares sank -5.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.69% lower at present.
During the last 5 trading sessions, AVY fell by -3.39%, which changed the moving average for the period of 200-days by +6.27% in comparison to the 20-day moving average, which settled at $216.60. In addition, Avery Dennison Corp. saw 2.72% 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 2.3. 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
In conclusion, Avery Dennison Corp. (AVY) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
