At the time of writing, Avery Dennison Corp [AVY] stock is trading at $207.03, down -0.35%. An important factor to consider is whether the stock is rising or falling in short-term value. The AVY shares have gain 1.01% over the last week, with a monthly amount drifted -4.38%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Avery Dennison Corp [NYSE: AVY] stock has seen the most recent analyst activity on October 24, 2024, when JP Morgan downgraded its rating to a Neutral and also revised its price target to $210 from $230. Previously, BofA Securities upgraded its rating to Buy on October 17, 2024, and elevated its price target to $250. On October 07, 2024, Barclays initiated with a Overweight rating and assigned a price target of $250 on the stock. UBS downgraded its rating to a Neutral and decreased its price target to $235 on July 25, 2024. Stifel initiated its recommendation with a Buy and recommended $274.60 as its price target on July 09, 2024. Citigroup downgraded its rating to Neutral for this stock on January 03, 2024, and upped its price target to $214. In a note dated January 02, 2024, BofA Securities downgraded an Underperform rating on this stock but restated the target price of $208.
For the past year, the stock price of Avery Dennison Corp fluctuated between $171.04 and $233.48. Currently, Wall Street analysts expect the stock to reach $239.17 within the next 12 months. Avery Dennison Corp [NYSE: AVY] shares were valued at $207.03 at the most recent close of the market. An investor can expect a potential return of 15.52% based on the average AVY price forecast.
Analyzing the AVY fundamentals
According to Avery Dennison Corp [NYSE:AVY], the company’s sales were 8.68B for trailing twelve months, which represents an 4.06% jump. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.3 and Total Capital is 0.26. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.32.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 206.16 points at the first support level, and at 205.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 208.78, and for the 2nd resistance point, it is at 210.52.
Ratios To Look Out For
It is important to note that Avery Dennison Corp [NYSE:AVY] has a current ratio of 0.92. On the other hand, the Quick Ratio is 0.62, and the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 1.92, the price to book ratio is 6.96 and price to earnings (TTM) ratio is 24.86.
Transactions by insiders
Recent insider trading involved Butier Mitchell R, Executive Chairman, that happened on Aug 22 ’24 when 10000.0 shares were sold. Executive Chairman, Butier Mitchell R completed a deal on Aug 23 ’24 to sell 7108.0 shares. Meanwhile, Officer Butier Mitchell R bought 7108.0 shares on Aug 23 ’24.
