The price-to-earnings ratio for Avery Dennison Corp (NYSE: AVY) is 23.97x, which is above its average ratio. Moreover, the 36-month beta value for AVY is 0.88. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for AVY is 79.09M and currently, short sellers hold a 2.53% of that float. On November 22, 2024, AVY’s average trading volume was 507.24K shares.
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AVY) stock’s latest price update
The stock price of Avery Dennison Corp (NYSE: AVY) has surged by 0.99 when compared to previous closing price of 197.64, but the company has seen a -0.16% decline in its stock price over the last five trading sessions. zacks.com reported 2024-11-13 that The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here’s why you should take advantage.
AVY’s Market Performance
Avery Dennison Corp (AVY) has seen a -0.16% fall in stock performance for the week, with a -3.88% decline in the past month and a -8.88% plunge in the past quarter. The volatility ratio for the week is 1.35%, and the volatility levels for the past 30 days are at 1.50% for AVY. The simple moving average for the last 20 days is -1.89% for AVY stock, with a simple moving average of -7.68% for the last 200 days.
Analysts’ Opinion of AVY
Many brokerage firms have already submitted their reports for AVY stocks, with JP Morgan repeating the rating for AVY by listing it as a “Neutral.” The predicted price for AVY in the upcoming period, according to JP Morgan is $210 based on the research report published on October 24, 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 $250, previously predicting the price at $207. The rating they have provided for AVY stocks is “Buy” according to the report published on October 17th, 2024.
Barclays gave a rating of “Overweight” to AVY, setting the target price at $250 in the report published on October 07th of the current year.
AVY Trading at -5.46% 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 -14.51% of loss for the given period.
Volatility was left at 1.50%, however, over the last 30 days, the volatility rate increased by 1.35%, as shares sank -2.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.64% lower at present.
During the last 5 trading sessions, AVY fell by -0.16%, which changed the moving average for the period of 200-days by -1.71% in comparison to the 20-day moving average, which settled at $203.43. In addition, Avery Dennison Corp saw -1.27% in overturn over a single year, with a tendency to cut further losses.
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 0.08. The total capital return value is set at 0.21. Equity return is now at value 30.24, with 8.13 for asset returns.
Based on Avery Dennison Corp (AVY), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 1.32. The interest coverage ratio of the stock is 9.33.
Currently, EBITDA for the company is 1.11 billion with net debt to EBITDA at 2.11. When we switch over and look at the enterprise to sales, we see a ratio of 2.19. The receivables turnover for the company is 5.51for trailing twelve months and the total asset turnover is 1.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.92.
Conclusion
To wrap up, the performance of Avery Dennison Corp (AVY) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
