Is Avery Dennison Corp (AVY)’s Fuel Running Low? The Stock Reaches All-Time High Today

October 13, 2017 - By Richard Conner

Investors sentiment increased to 0.97 in 2017 Q2. Its up 0.05, from 0.92 in 2017Q1. It improved, 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.
Cibc Ww Markets Corporation invested in 0.01% or 12,522 shares. Caisse De Depot Et Placement Du Quebec holds 20,965 shares or 0% of its portfolio. Captrust Fin Advsr accumulated 1,473 shares. Park Avenue Securities Ltd Liability Corp has 3,505 shares for 0.03% of their portfolio. Amica Mutual Ins invested in 0.04% or 5,000 shares. Bluecrest Cap Management Limited has invested 0.05% in Avery Dennison Corp (NYSE:AVY). West Oak Cap Ltd Liability Corp stated it has 700 shares or 0% of all its holdings. 160,113 are held by Baring Asset. Daiwa Secs Group invested 0% of its portfolio in Avery Dennison Corp (NYSE:AVY). Holderness Invests Com has 10,264 shares. Secor Cap Advsr Lp has 0.2% invested in Avery Dennison Corp (NYSE:AVY). Keybank National Association Oh has invested 0% in Avery Dennison Corp (NYSE:AVY). Commonwealth Natl Bank Of Australia has 12,201 shares for 0.01% of their portfolio. Ct Mason holds 1.45% or 41,108 shares in its portfolio. Pensionfund Dsm Netherlands accumulated 37,900 shares.

Since April 28, 2017, it had 0 insider purchases, and 4 selling transactions for $2.91 million activity. The insider GRAVANIS GEORGES sold $1.88M. Shares for $422,500 were sold by STANDER DEON.

The stock of Avery Dennison Corp (NYSE:AVY) reached all time high today, Oct, 13 and still has $105.00 target or 3.00 % above today’s $101.94 share price. This indicates more upside for the $9.01B company. This technical setup was reported by Barchart.com. If the $105.00 PT is reached, the company will be worth $270.30 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.20% or $1.21 during the last trading session, reaching $101.94. About 437,937 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.

Analysts await Avery Dennison Corp (NYSE:AVY) to report earnings on October, 25. They expect $1.21 EPS, up 19.80 % or $0.20 from last year’s $1.01 per share. AVY’s profit will be $106.95M for 21.06 P/E if the $1.21 EPS becomes a reality. After $1.31 actual EPS reported by Avery Dennison Corp for the previous quarter, Wall Street now forecasts -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 had 17 analyst reports since October 15, 2015 according to SRatingsIntel. Bank of America downgraded the stock to “Underperform” rating in Friday, July 1 report. Bank of America upgraded the shares of AVY in report on Wednesday, December 7 to “Neutral” rating. On Wednesday, June 21 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The firm earned “Hold” rating on Tuesday, July 25 by KeyBanc Capital Markets. The stock of Avery Dennison Corp (NYSE:AVY) has “Buy” rating given on Wednesday, July 26 by Citigroup. The firm has “Overweight” rating given on Monday, May 2 by Barclays Capital. As per Tuesday, October 10, the company rating was maintained by Robert W. Baird. The firm has “Hold” rating by Aegis Capital given on Monday, November 21. The stock of Avery Dennison Corp (NYSE:AVY) has “Buy” rating given on Friday, January 6 by Citigroup. The rating was upgraded by JP Morgan on Thursday, October 27 to “Overweight”.

More notable recent Avery Dennison Corp (NYSE:AVY) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Avnet, Avery Dennison and LyondellBasell Industries” on August 30, 2017, also Benzinga.com with their article: “Cramer: Avery Dennison Is Boring, But An ‘Unsung Hero’ In The Market” published on July 07, 2017, Seekingalpha.com published: “Avery Dennison Corp’s (AVY) CEO Mitchell Butier on Q4 2016 Results – Earnings …” on February 01, 2017. More interesting news about Avery Dennison Corp (NYSE:AVY) were released by: Seekingalpha.com and their article: “Avery Dennison Corp’s (AVY) CEO Mitchell Butier on Q1 2017 Results – Earnings …” published on April 27, 2017 as well as Nasdaq.com‘s news article titled: “Avery Dennison Reaches Analyst Target Price” with publication date: August 24, 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 $9.01 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 23.91 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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