Avery Dennison Corp (NYSE:AVY) shares traded 0.55% higher at $187.71 on Wall Street last session.
AVY stock price is now -5.31% away from the 50-day moving average and -12.04% away from the 200-day moving average. The market capitalization of the company currently stands at $15.08B.
With the price target reduced from $230 to $210, JP Morgan Downgraded its rating from Overweight to Neutral for Avery Dennison Corp (NYSE: AVY). On October 17, 2024, BofA Securities Upgraded its previous ‘Underperform’ rating to ‘Buy’ on the stock increasing its target price from $207 to quote $250, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, Colisto Nicholas, SVP & CIO sold 3,679 shares of the company’s stock on Nov 25 ’24. The stock was sold for $757,856 at an average price of $206.00. Upon completion of the transaction, the SVP & CIO now directly owns 7,126 shares in the company, valued at $1.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 25 ’24, Officer Colisto Nicholas bought 3,679 shares of the business’s stock. A total of $757,856 was incurred on buying the stock at an average price of $206.00. A total of 1.56% of the company’s stock is owned by insiders.
During the past 12 months, Avery Dennison Corp has had a low of $181.99 and a high of $233.48. As of last week, the company has a debt-to-equity ratio of 1.32, a current ratio of 0.92, and a quick ratio of 0.62. According to the stock market information, the enterprise value for the company is $17990125568, which is based on a 22.54 price-to-earnings ratio, a 1.63 price-to-earnings-growth ratio, and a beta of 0.90. The fifty day moving average price for AVY is $198.2358 and a two-hundred day moving average price translates $213.399 for the stock.
The latest earnings results from Avery Dennison Corp (NYSE: AVY) was released for 2024-09-28. The net profit margin was 7.76% and return on equity was 30.24% for AVY. The company reported revenue of $2.18 billion for the quarter, compared to $2.1 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.06 percent.
