Time to Reconsider Avery Dennison Corp (AVY) After Making All-Time High?

October 13, 2017 - By Marguerite Chambers

Investors sentiment increased to 0.97 in Q2 2017. Its up 0.05, from 0.92 in 2017Q1. It is positive, as 32 investors sold Avery Dennison Corp shares while 164 reduced holdings. 60 funds opened positions while 130 raised stakes. 71.92 million shares or 2.27% less from 73.59 million shares in 2017Q1 were reported.
Old Mutual Customised Solutions (Proprietary) accumulated 4,000 shares or 0.05% of the stock. Amica Mutual Insurance Comm owns 5,000 shares for 0.04% of their portfolio. Piedmont Ltd Liability Com stated it has 25,098 shares. 374,186 are owned by Bowen Hanes &. Neuberger Berman Group Limited Liability Corp, New York-based fund reported 754,485 shares. Qs has invested 0.09% in Avery Dennison Corp (NYSE:AVY). First Personal Fincl Services has invested 0% in Avery Dennison Corp (NYSE:AVY). Moreover, Gateway Advisers Limited Liability Corporation has 0.13% invested in Avery Dennison Corp (NYSE:AVY) for 161,545 shares. Raymond James Fincl Svcs Advsrs Incorporated has 6,767 shares for 0% of their portfolio. Fairfield Bush & Com stated it has 3,000 shares or 0.08% of all its holdings. Rothschild Inv Il holds 0.05% in Avery Dennison Corp (NYSE:AVY) or 4,900 shares. Amica Retiree Med has 1,177 shares for 0.08% of their portfolio. Brown Brothers Harriman Company reported 650 shares. Putnam Invs Ltd Llc owns 0.03% invested in Avery Dennison Corp (NYSE:AVY) for 164,295 shares. Asset Management One owns 259,014 shares or 0.06% of their US portfolio.

Since April 28, 2017, it had 0 insider buys, and 4 selling transactions for $2.91 million activity. GRAVANIS GEORGES sold $1.88M worth of stock. $422,500 worth of Avery Dennison Corp (NYSE:AVY) was sold by STANDER DEON on Tuesday, May 30.

The stock of Avery Dennison Corp (NYSE:AVY) reached all time high today, Oct, 13 and still has $105.00 target or 3.00 % above today’s $101.94 share price. This indicates more upside for the $9.01B company. This technical setup was reported by Barchart.com. If the $105.00 PT is reached, the company will be worth $270.30 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.20% or $1.21 during the last trading session, reaching $101.94. About 437,937 shares traded. Avery Dennison Corp (NYSE:AVY) has risen 10.91% since October 13, 2016 and is uptrending. It has underperformed by 5.79% the S&P500.

Analysts await Avery Dennison Corp (NYSE:AVY) to report earnings on October, 25. They expect $1.21 EPS, up 19.80 % or $0.20 from last year’s $1.01 per share. AVY’s profit will be $106.95M for 21.06 P/E if the $1.21 EPS becomes a reality. After $1.31 actual EPS reported by Avery Dennison Corp for the previous quarter, Wall Street now forecasts -7.63 % negative EPS growth.

Avery Dennison Corp (NYSE:AVY) Ratings Coverage

Among 8 analysts covering Avery Dennison (NYSE:AVY), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Avery Dennison had 17 analyst reports since October 15, 2015 according to SRatingsIntel. The stock of Avery Dennison Corp (NYSE:AVY) earned “Buy” rating by Citigroup on Friday, January 6. The stock has “Overweight” rating by Barclays Capital on Monday, May 2. The stock of Avery Dennison Corp (NYSE:AVY) has “Hold” rating given on Tuesday, July 25 by KeyBanc Capital Markets. KeyBanc Capital Markets maintained the shares of AVY in report on Wednesday, September 20 with “Hold” rating. Bank of America upgraded Avery Dennison Corp (NYSE:AVY) on Tuesday, June 20 to “Buy” rating. The firm has “Hold” rating given on Wednesday, June 21 by KeyBanc Capital Markets. The stock of Avery Dennison Corp (NYSE:AVY) has “Overweight” rating given on Thursday, October 27 by JP Morgan. Aegis Capital initiated the shares of AVY in report on Monday, November 21 with “Hold” rating. Bank of America downgraded Avery Dennison Corp (NYSE:AVY) on Friday, July 1 to “Underperform” rating. The stock has “Buy” rating by Citigroup on Wednesday, July 26.

More notable recent Avery Dennison Corp (NYSE:AVY) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Avnet, Avery Dennison and LyondellBasell Industries” on August 30, 2017, also Seekingalpha.com with their article: “Avery Dennison Corp’s (AVY) CEO Mitchell Butier on Q4 2016 Results – Earnings …” published on February 01, 2017, Nasdaq.com published: “Avery Dennison Reaches Analyst Target Price” on August 24, 2017. More interesting news about Avery Dennison Corp (NYSE:AVY) were released by: Seekingalpha.com and their article: “Avery Dennison Corp’s (AVY) CEO Mitchell Butier on Q1 2017 Results – Earnings …” published on April 27, 2017 as well as Benzinga.com‘s news article titled: “Cramer: Avery Dennison Is Boring, But An ‘Unsung Hero’ In The Market” with publication date: July 07, 2017.

Avery Dennison Corporation is engaged in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products. The company has market cap of $9.01 billion. The Company’s divisions include Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials (IHM). It has a 23.91 P/E ratio. The Company’s LGM segment makes and sells Fasson-, JAC-, and Avery Dennison-brand pressure-sensitive label and packaging materials, Avery Dennison- and Mactac-brand graphics, and Avery Dennison-brand reflective products.

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