For its third fiscal quarter (ending September 30), Avery Dennison Corp (NYSE: AVY) has reported E.P.S. of $2.25 compared to $1.72 a year ago. For the latest four quarters through September 30, E.P.S. were $8.33 compared to $5.99 a year ago.
Recent Price Action
On 10/23/24, Avery Dennison Corp (NYSE: AVY) stock declined by -2.2%, closing at $207.65. Moreover, this decline was accompanied by exceptionally high trading volume at 209% of normal. The stock has performed in line with the market over the last nine months and has declined -5.6% 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 (Low Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Avery Dennison has a slightly negative Appreciation Score of 32 but a slightly positive Power Rating of 63, resulting in 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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