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Wednesday, February 8, 2023

Is Avery Dennison Corporation (NYSE: AVY) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Avery Dennison Corporation (AVY) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $189.90. The Avery Dennison Corporation has recorded 4,124 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Avery Dennison to Webcast Fourth Quarter and Full Year 2022 Earnings Conference Call.

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Stocks Info

AVY belongs to the Industrials sector of the NYSE while operating in the Business Equipment & Supplies industry. At the end of the last regular session, the stock closed at $189.90 and fluctuated between $191.42 as its day high and $186.17 as its day low. The current market capitalization of Avery Dennison Corporation is $15.02B. A total of 0.54 million shares were traded on the day, compared to an average of 520.67K shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, AVY has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 824 and the disposition of 824 shares. Over the last 12 months, there were 45 BUYs and 39 SELLs from insiders. Insiders purchased 150,410 shares during that period but sold 74,934.

In the most recent transaction, Sullivan Martha N. sold 824 shares of AVY for 178.00 per share on Nov 08. After the transaction, the Director now owns 16,660 company shares. In a previous transaction on Sep 14, Anderson Anthony sold 2,800 shares at 178.82 per share. AVY shares that Director owns now total 1,374.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Avery Dennison Corporation pays an annual dividend of $3.00, resulting in a dividend yield of 1.58%, and it has a price to earnings (P/E) ratio of 19.20. AVY’s most recent ex-dividend date was 12/6/2022 when it declared a $0.75 quarterly dividend that was paid in cash on 12/21/2022. Previously, the company paid the dividend on 9/21/2022 with an ex-dividend date of 9/6/2022. The AVY stock dividend was $0.75 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for AVY in the last 3 months, the mean price target is $207.45 with high estimates of $241.00 and low estimates of $185.00. In terms of 52-week highs and lows, AVY has a high of $209.92 and a low of $151.62.

As of this writing, AVY has an earnings estimate of $2.3 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $2.5 per share and a lower estimate of $2.24. The company reported an EPS of $2.64 in the last quarter, which was 11.90% higher than expectations of $2.36.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 15 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AVY is Underweight with a score of 4.38. A total of 7 analysts rated the stock as Buy while 3 rated it as Overweight while 4 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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