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

October 13, 2017 - By Stephen Andrade

Investors sentiment increased to 0.97 in Q2 2017. Its up 0.05, from 0.92 in 2017Q1. It increased, 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.
Calamos Advsr Limited Company invested in 0.02% or 34,851 shares. Exane Derivatives holds 0% of its portfolio in Avery Dennison Corp (NYSE:AVY) for 3 shares. Allstate stated it has 0.05% in Avery Dennison Corp (NYSE:AVY). Oregon Public Employees Retirement Fund holds 19,991 shares or 0.03% of its portfolio. M&T National Bank & Trust Corporation reported 22,399 shares. Stifel Corp reported 101,900 shares or 0.03% of all its holdings. Globeflex Cap Lp reported 19,730 shares. First Advsr L P invested in 387,452 shares or 0.09% of the stock. 580,008 are owned by Morgan Stanley. Great Lakes Advsrs Ltd Company holds 119,362 shares or 0.26% of its portfolio. State Of Wisconsin Inv Board holds 85,409 shares. 269,569 are held by Deutsche Fincl Bank Ag. Geode Limited Liability Corporation has invested 0.03% in Avery Dennison Corp (NYSE:AVY). Eqis Capital Mngmt Incorporated invested in 0.03% or 6,418 shares. Waddell Reed owns 120,507 shares.

Since April 28, 2017, it had 0 buys, and 4 sales for $2.91 million activity. 22,571 shares were sold by GRAVANIS GEORGES, worth $1.88M. STANDER DEON sold 5,000 shares worth $422,500.

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 $106.95 million 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 company was maintained on Monday, May 2 by Barclays Capital. The company was upgraded on Thursday, October 27 by JP Morgan. On Friday, January 6 the stock rating was upgraded by Citigroup to “Buy”. JP Morgan downgraded Avery Dennison Corp (NYSE:AVY) rating on Friday, May 20. JP Morgan has “Neutral” rating and $78 target. The stock of Avery Dennison Corp (NYSE:AVY) earned “Hold” rating by KeyBanc Capital Markets on Wednesday, June 21. Robert W. Baird maintained it with “Buy” rating and $100.0 target in Tuesday, October 10 report. Bank of America upgraded the shares of AVY in report on Wednesday, December 7 to “Neutral” rating. Bank of America upgraded Avery Dennison Corp (NYSE:AVY) on Tuesday, June 20 to “Buy” rating. The firm earned “Hold” rating on Wednesday, September 20 by KeyBanc Capital Markets. The firm earned “Buy” rating on Wednesday, July 26 by Citigroup.

More notable recent Avery Dennison Corp (NYSE:AVY) news were published by: Seekingalpha.com which released: “Avery Dennison Corp’s (AVY) CEO Mitchell Butier on Q4 2016 Results – Earnings …” on February 01, 2017, also Nasdaq.com with their article: “Ex-Dividend Reminder: Avnet, Avery Dennison and LyondellBasell Industries” published on August 30, 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: 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 Q1 2017 Results – Earnings …” with publication date: April 27, 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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