What’s Propelling Avery Dennison Corp (AVY) to Reach All Time High?

October 13, 2017 - By Hazel Jackson

Investors sentiment increased to 0.97 in 2017 Q2. 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.
Moreover, Utah Retirement has 0.03% invested in Avery Dennison Corp (NYSE:AVY) for 16,125 shares. Nomura holds 0% or 9,506 shares. Johnson Fincl Grp Inc has invested 0.02% in Avery Dennison Corp (NYSE:AVY). Orrstown Fin Services has 0.04% invested in Avery Dennison Corp (NYSE:AVY) for 411 shares. Piedmont Investment Advsr Limited Liability Corp reported 25,098 shares. Guggenheim Limited Co invested in 0.13% or 557,700 shares. Private Na stated it has 5,327 shares or 0.1% of all its holdings. Schwab Charles Investment owns 501,062 shares or 0.04% of their US portfolio. Train Babcock Limited Liability accumulated 4,800 shares. Riverhead Capital Limited Liability Company holds 0.02% or 5,097 shares in its portfolio. Moreover, Thompson Davis & has 0.01% invested in Avery Dennison Corp (NYSE:AVY) for 96 shares. Ami Asset Management holds 2.16% of its portfolio in Avery Dennison Corp (NYSE:AVY) for 342,756 shares. Thrivent For Lutherans, Minnesota-based fund reported 4,640 shares. Wesbanco Savings Bank has invested 0.02% in Avery Dennison Corp (NYSE:AVY). The Illinois-based Northern Tru Corp has invested 0.03% in Avery Dennison Corp (NYSE:AVY).

Since April 28, 2017, it had 0 insider purchases, and 4 selling transactions for $2.91 million activity. 22,571 shares valued at $1.88M were sold by GRAVANIS GEORGES on Friday, April 28. 5,000 shares valued at $422,500 were 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 expect Avery Dennison Corp (NYSE:AVY) to report $1.21 EPS on October, 25.They anticipate $0.20 EPS change or 19.80 % from last quarter’s $1.01 EPS. AVY’s profit would be $106.95 million giving it 21.06 P/E if the $1.21 EPS is correct. After having $1.31 EPS previously, Avery Dennison Corp’s analysts see -7.63 % 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 firm has “Hold” rating by KeyBanc Capital Markets given on Wednesday, September 20. The company was upgraded on Wednesday, December 7 by Bank of America. Aegis Capital initiated the stock with “Hold” rating in Monday, November 21 report. Barclays Capital maintained it with “Overweight” rating and $86 target in Monday, May 2 report. The rating was maintained by Robert W. Baird on Tuesday, October 10 with “Buy”. Citigroup maintained Avery Dennison Corp (NYSE:AVY) on Wednesday, July 26 with “Buy” rating. The firm has “Buy” rating by Citigroup given on Friday, January 6. KeyBanc Capital Markets maintained Avery Dennison Corp (NYSE:AVY) on Wednesday, June 21 with “Hold” rating. The firm earned “Buy” rating on Tuesday, June 20 by Bank of America. The stock of Avery Dennison Corp (NYSE:AVY) has “Hold” rating given on Tuesday, July 25 by KeyBanc Capital Markets.

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