Avery Dennison Corp (NYSE: AVY) has reported E.P.S. of $2.18 for its second fiscal quarter (ending June 30) versus $1.24 for the same period a year ago — an increase of 76%. Relative to the consensus estimate of $2.26, this was a shortfall of $-0.08. For the latest four quarters through June 30, E.P.S. were $7.80 compared to $7.00 a year ago — an increase of 11%.
Recent Price Action
On 7/23/24, Avery Dennison Corp (NYSE: AVY) stock declined modestly by -1.6%, closing at $220.56. Moreover, trading volume in this decline was unusually high at 173% of normal. Relative to the market the stock has been strong over the last nine months and has risen 0.8% during the last week.
Current PriceTarget Research Rating
AVY is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Avery Dennison has a current Value Trend Rating of C (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 28 but a good Power Rating of 76, producing the 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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