As of September 15, 2023, Avery Dennison (NYSE:AVY) has received the following analyst ratings:
– Bullish: 5
– Somewhat Bullish: 1
– Indifferent: 0
– Somewhat Bearish: 0
– Bearish: 0
This current average reflects a decrease of 1.99% compared to the previous average price target of $210.00. Over the past three months, six analysts have provided 12-month price targets for Avery Dennison, resulting in an average price target of $205.83. The highest price target is $215.00, while the lowest is $200.00.
Analysts in the banking and financial systems field specialize in reporting on stocks or specific sectors. Their work involves attending company conference calls and meetings, conducting research on company financial statements, and communicating with insiders to publish “analyst ratings” for stocks. These ratings are typically updated on a quarterly basis. Some analysts also offer predictions for various metrics such as growth estimates, earnings, and revenue, providing additional guidance along with their ratings. However, it is important to remember that analysts, like anyone else, are human and their opinions should be considered as subjective viewpoints rather than absolute truths when making investment decisions.
Avery Dennison Corporation
AVY
Strong Buy
Updated on: 03/12/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Avery Dennison Corporation (AVY) Stock Analysis: Earnings Decline in Current Year but Potential Recovery Ahead
On September 15, 2023, Avery Dennison Corporation (AVY) had a previous closing price of $182.91. The stock opened slightly lower at $182.58 and had a day’s trading range of $180.92 to $182.65. The trading volume for the day was 350,600 shares, which is lower than the average volume of 538,895 shares over the past three months. AVY has a market capitalization of $14.6 billion.
Looking at the earnings growth, AVY experienced a positive growth rate of 3.93% in the previous year. However, the earnings growth for the current year is -1.95%, indicating a decline. The forecast for the next five years shows a positive growth rate of 7.00%, suggesting a potential recovery in the company’s earnings.
In terms of revenue growth, AVY had a growth rate of 7.50% in the last year. This indicates that the company has been able to increase its sales and generate more revenue. The P/E ratio for AVY stands at 26.1, which suggests that investors are willing to pay a premium for the stock relative to its earnings.
The price/sales ratio for AVY is 1.65, which indicates that the stock is trading at a relatively low valuation compared to its sales. The price/book ratio of 7.20 suggests that the stock is trading at a higher valuation relative to its book value.
Looking ahead, AVY is expected to report its next earnings on October 25, 2023. The EPS forecast for this quarter is $2.49. In the previous year, AVY reported an annual revenue of $9.0 billion and a profit of $757.1 million. The net profit margin for AVY is 8.38%, indicating that the company is able to generate a reasonable profit from its operations.
AVY operates in the Process Industries sector and is classified under the Containers/Packaging industry. While there are no executives listed for the company, its corporate headquarters is located in Mentor, Ohio.
Overall, the stock performance of AVY on September 15, 2023, suggests that the stock opened slightly lower but remained within a narrow trading range. The lower trading volume indicates a relatively quiet day for the stock. The earnings growth and revenue growth figures highlight the company’s ability to generate positive results, although there has been a decline in earnings for the current year. Investors will be keeping an eye on the upcoming earnings report to assess the company’s performance in the next quarter.
AVY Stock Shows Potential for Growth: Analysts Predict Increase in Value
AVY Stock Shows Potential for Growth According to Analysts
On September 15, 2023, Avery Dennison Corp (AVY) stock showed promising performance, with analysts predicting a potential increase in value. The 11 analysts offering 12-month price forecasts for AVY had a median target of $200.00, representing a 10.51% increase from the last price of $180.98. The high estimate stood at $222.00, while the low estimate was $190.00.
AVY’s current quarter earnings per share stand at $2.49, which is a strong indicator of the company’s financial performance. Additionally, the company reported sales of $2.4 billion for the current quarter. These figures highlight AVY’s ability to generate revenue and maintain profitability.
Investors can look forward to further insights into AVY’s financial performance when the company reports its earnings on October 25. This reporting date will provide a more comprehensive understanding of AVY’s current financial standing and future prospects.
Avery Dennison Corp operates in the materials science industry, specializing in labeling and packaging materials. The company has a strong track record and is well-regarded within its sector. AVY’s positive stock performance and favorable analyst forecasts indicate that it is a company worth considering for investment.
It is important to note that stock market performance is subject to various factors, including market conditions, economic trends, and company-specific developments. Investors should conduct thorough research and consider their own risk tolerance before making any investment decisions.
In conclusion, AVY stock has shown promising performance on September 15, 2023, with analysts predicting a potential increase in value. The consensus among investment analysts remains to buy stock in Avery Dennison Corp, and the company’s current quarter earnings per share and sales figures further support its positive outlook. Investors should keep an eye on AVY’s upcoming earnings report on October 25 for further insights into the company’s financial performance.
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