Avery Dennison Corp (NYSE: AVY) has reported earnings for its first fiscal quarter (ending March 31) of $2.13 versus $1.50 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $6.86 versus $8.39 for the same period a year ago.
Recent Price Action
Avery Dennison Corp (NYSE: AVY) stock closed at $212.42 on 4/24/24 after a modest gain of 0.5%. Moreover, unusually high trading volume at 193% of normal accompanied the advance. The stock has risen 0.6% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, AVY is expected to continue to be a major Value Builder.
Avery Dennison has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Avery Dennison has a poor Appreciation Score of 26 but a good Power Rating of 71, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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