Is Avery Dennison Corp. (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. Most recently, Yahoo Finance reported about the stock as it publicized that Avery Dennison Names Ryan Yost President, Materials Group.

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Stocks Info

AVY belongs to the Consumer Cyclical sector of the NYSE while operating in the Packaging & Containers industry. The current market capitalization of Avery Dennison Corp. is $17.67B. A total of 0.65 million shares were traded on the day, compared to an average of 428.25K shares.

In the most recent transaction, Yost Ryan D sold 1,400 shares of AVY for 213.29 per share on Mar 11 ’24. After the transaction, the President, Materials Group now owns 2,843 company shares. In a previous transaction on Mar 05 ’24, Butier Mitchell R sold 17,373 shares at 216.54 per share. AVY shares that Executive Chairman owns now total 304,114.

Among the insiders who sold shares, Butier Mitchell R disposed of 8,168 shares on Mar 04 ’24 at a per-share price of $217.36. This resulted in the Executive Chairman holding 321,487 shares of AVY after the transaction. In another insider transaction, Walker Ignacio J sold 5,000 shares at $213.90 per share on Feb 26 ’24. Company shares held by the SVP and Chief Legal Officer now total 6,102.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Avery Dennison Corp. pays an annual dividend of $3.24, resulting in a dividend yield of 1.48%, and it has a price to earnings (P/E) ratio of 35.38. AVY’s most recent ex-dividend date was 3/5/2024 when it declared a $0.81 quarterly dividend that was paid in cash on 3/20/2024. Previously, the company paid the dividend on 12/20/2023 with an ex-dividend date of 12/5/2023. The AVY stock dividend was $0.81 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. In terms of 52-week highs and lows, AVY has a high of $219.76 and a low of $158.93.

As of this writing, AVY has an earnings estimate of $2.15 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $2.21 per share and a lower estimate of $2.08.

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. AVY’s latest balance sheet shows that the firm has $162.70M in Cash & Short Term Investments as of fiscal 2021. There were $3.10B in debt and $2.55B in liabilities at the time. Its Book Value Per Share was $26.43, while its Total Shareholder’s Equity was $1.92B.

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, 0 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 Buy with a score of 4.40.

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