What Will Happen to Avery Dennison Corp (AVY) Next? The Stock Just Reaches 52-Week High

October 13, 2017 - By Hazel Jackson

Investors sentiment increased to 0.97 in Q2 2017. Its up 0.05, from 0.92 in 2017Q1. It increased, as 32 investors sold Avery Dennison Corp shares while 164 reduced holdings. 60 funds opened positions while 130 raised stakes. 71.92 million shares or 2.27% less from 73.59 million shares in 2017Q1 were reported.
Texas-based King Luther Capital Mgmt Corp has invested 0.01% in Avery Dennison Corp (NYSE:AVY). The Ohio-based Huntington Bancshares has invested 0.01% in Avery Dennison Corp (NYSE:AVY). Tiaa Cref Invest Management Ltd Liability holds 692,837 shares. State Teachers Retirement System holds 0.03% of its portfolio in Avery Dennison Corp (NYSE:AVY) for 138,399 shares. Ing Groep Nv holds 4,520 shares or 0.01% of its portfolio. United Cap Fincl Advisers Ltd Company invested in 0.01% or 6,920 shares. Aperio Grp Ltd Liability Company holds 0.03% or 54,788 shares. Dynamic Cap Mgmt Limited stated it has 2,266 shares or 0.05% of all its holdings. Bank reported 21,144 shares or 0.03% of all its holdings. Highstreet Asset Mngmt Incorporated owns 13,160 shares or 0.13% of their US portfolio. Grantham Mayo Van Otterloo And Co Ltd Company holds 0.06% or 117,564 shares. 2.03M were accumulated by Aqr Limited Liability. 12,291 are held by Mason Street Advsrs Limited Liability Company. Eaton Vance Management invested in 0% or 15,427 shares. 3.04M were reported by Goldman Sachs Grp Inc Inc.

Since April 28, 2017, it had 0 buys, and 4 insider sales for $2.91 million activity. Another trade for 950 shares valued at $80,201 was made by Anderson Anthony on Tuesday, May 16. The insider GRAVANIS GEORGES sold 22,571 shares worth $1.88 million.

The stock of Avery Dennison Corp (NYSE:AVY) hit a new 52-week high and has $104.92 target or 3.00 % above today’s $101.86 share price. The 9 months bullish chart indicates low risk for the $9.00B company. The 1-year high was reported on Oct, 13 by Barchart.com. If the $104.92 price target is reached, the company will be worth $270.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 47,887 shares traded. Avery Dennison Corp (NYSE:AVY) has risen 10.91% since October 13, 2016 and is uptrending. It has underperformed by 5.79% the S&P500.

Wall Street await Avery Dennison Corp (NYSE:AVY) to release earnings on October, 25. Analysts forecast earnings per share of $1.21, up exactly $0.20 or 19.80 % from 2014’s $1.01 EPS. The expected AVY’s profit could reach $106.95M giving the stock 21.04 P/E in the case that $1.21 earnings per share is reported. After posting $1.31 EPS for the previous quarter, Avery Dennison Corp’s analysts now forecast -7.63 % negative EPS growth.

Avery Dennison Corp (NYSE:AVY) Ratings Coverage

Among 8 analysts covering Avery Dennison (NYSE:AVY), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Avery Dennison has $108 highest and $66 lowest target. $90.50’s average target is -11.15% below currents $101.86 stock price. Avery Dennison had 17 analyst reports since October 15, 2015 according to SRatingsIntel. The stock of Avery Dennison Corp (NYSE:AVY) earned “Overweight” rating by Barclays Capital on Monday, May 2. The firm has “Underperform” rating by Bank of America given on Friday, July 1. Bank of America upgraded Avery Dennison Corp (NYSE:AVY) on Tuesday, June 20 to “Buy” rating. The firm has “Hold” rating given on Wednesday, September 20 by KeyBanc Capital Markets. The firm has “Buy” rating by Citigroup given on Friday, January 6. Citigroup maintained the shares of AVY in report on Wednesday, July 26 with “Buy” rating. Robert W. Baird maintained Avery Dennison Corp (NYSE:AVY) rating on Tuesday, October 10. Robert W. Baird has “Buy” rating and $100.0 target. The firm has “Overweight” rating by JP Morgan given on Thursday, October 27. As per Monday, November 21, the company rating was initiated by Aegis Capital. The firm has “Hold” rating given on Wednesday, June 21 by KeyBanc Capital Markets.

More notable recent Avery Dennison Corp (NYSE:AVY) news were published by: Seekingalpha.com which released: “Avery Dennison Corp’s (AVY) CEO Mitchell Butier on Q1 2017 Results – Earnings …” on April 27, 2017, also Benzinga.com with their article: “Cramer: Avery Dennison Is Boring, But An ‘Unsung Hero’ In The Market” published on July 07, 2017, Nasdaq.com published: “Avery Dennison Reaches Analyst Target Price” on August 24, 2017. More interesting news about Avery Dennison Corp (NYSE:AVY) were released by: Nasdaq.com and their article: “Ex-Dividend Reminder: Avnet, Avery Dennison and LyondellBasell Industries” published on August 30, 2017 as well as Seekingalpha.com‘s news article titled: “Avery Dennison Corp’s (AVY) CEO Mitchell Butier on Q4 2016 Results – Earnings …” with publication date: February 01, 2017.

Avery Dennison Corporation is engaged in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products. The company has market cap of $9.00 billion. The Company’s divisions include Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials (IHM). It has a 23.89 P/E ratio. The Company’s LGM segment makes and sells Fasson-, JAC-, and Avery Dennison-brand pressure-sensitive label and packaging materials, Avery Dennison- and Mactac-brand graphics, and Avery Dennison-brand reflective products.

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