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Stock Charts AI Power Rank: 1.3
Power Rank trend -> Falling

Last Price: 213.74 - Change: 4.64 - Change %: 2.219
07/26/2024 16:10:00 EST

Avery Dennison Corp (AVY)

Industry: Packaging & Containers

Price Support Resistance

In the past 20 trading days, AVY has been trading in a range between $224.18 and $213.00 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

The AI powered stock chart is in a Yellow zone which means the stock is transitioning zones. We would avoid this stock currently.

Upside / Downside Potential

Avery Dennison Corp $AVY entered a Yellow zone 4 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $207.9, a potential down side of -2.73% from the recent price of 213.74. The stock is trading 9.23% (potential upside) below its 52 week high of $233.47 and 30.9 % (potential downside) above its 52 week low of $163.28 - based on the recent price.

Company Summary

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally It provides pressure-sensitive materials comprising papers, plastic films, metal foils, and fabrics; performance tapes products, including tapes for wire harnessing, as well as cable wrapping for automotive, electrical, and general industrial applications; mechanical fasteners, which are precision-extruded and injection-molded plastic devices used in various automotive, general industrial, and retail applications; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, Yongle, and Avery Dennison brands. The company also offers graphics and reflective products for the architectural, commercial sign, digital printing, and other related market segments; durable cast and reflective films to the construction, automotive, and fleet transportation market segments; reflective films for traffic and safety applications; and pressure-sensitive vinyl and specialty materials designed for digital imaging, screen printing, and sign cutting applications under the Avery Dennison and Mactac brand names.

AVY Website

News

Avery Dennison Declares Quarterly Dividend
MENTOR, Ohio--(BUSINESS WIRE)-- #AVY--AVERY DENNISON DECLARES QUARTERLY DIVIDEND.
Source: Business Wire
Thu, 25 Jul 2024 06:45:00 -0400
Sentiment: Neutral
Avery Dennison Corporation (AVY) Q2 2024 Earnings Call Transcript
Avery Dennison Corporation (NYSE:AVY ) Q2 2024 Results Conference Call July 23, 2024 12:00 PM ET Company Participants John Eble - Vice President, Finance and Investor Relations Deon Stander - President and Chief Executive Officer Gregory Lovins - Senior Vice President and Chief Financial Officer Conference Call Participants John McNulty - BMO Capital Markets Ghansham Panjabi - Baird George Staphos - Bank of America Michael Roxland - Truist Securities Josh Spector - UBS Matt Roberts - Raymond James Jeff Zekauskas - JPMorgan Anthony Pettinari - Citi Operator Ladies and gentlemen, thank you for standing by. During this presentation, all participants will be in a listen-only mode.
Source: Seeking Alpha
Tue, 23 Jul 2024 15:05:28 -0400
Sentiment: Neutral
Avery Dennison (AVY) Q2 Earnings Beat, Revenues Rise Y/Y
Avery Dennison (AVY) expects 2024 adjusted EPS of $9.30-$9.50 compared with the prior stated $9.00-$9.50.
Source: Zacks Investment Research
Tue, 23 Jul 2024 12:30:31 -0400
Sentiment: Positive
Avery Dennison (AVY) Q2 Earnings and Revenues Top Estimates
Avery Dennison (AVY) came out with quarterly earnings of $2.42 per share, beating the Zacks Consensus Estimate of $2.25 per share. This compares to earnings of $1.92 per share a year ago.
Source: Zacks Investment Research
Tue, 23 Jul 2024 08:55:19 -0400
Sentiment: Positive
Avery Dennison Announces Second Quarter 2024 Results
MENTOR, Ohio--(BUSINESS WIRE)--Avery Dennison Corporation (NYSE:AVY) today announced preliminary, unaudited results for its second quarter ended June 29, 2024. Non-GAAP financial measures referenced in this release are reconciled from GAAP in the attached financial schedules. Unless otherwise indicated, comparisons are to the same period in the prior year. “We delivered a strong second quarter, with significant earnings growth, driven by higher volume and productivity gains,” said Deon Stander,.
Source: Business Wire
Tue, 23 Jul 2024 06:45:00 -0400
Sentiment: Neutral
Instituions Institution %: 93.178
Last QTR Institution change: -763839

Insiders
Insiders %: 0.751
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 43298
Insiders Net last QTR: -43298

Analyst Ratings
Target Price: 207.9
Overall Rating: 3.75
Strong Buys (5): 4
Buys (4): 3
Holds (3): 3
Sells (2): 2
Strong Sells (1): 0

Technicals
52 Week Hi: 233.475
52 Week Low: 163.276
Beta: 0.89
50 Day MA: 222.9578
200 Day MA: 207.2354

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0.758
Qtr Revenue Growth YOY: 0.069
Forward PE: 22.3714
Trailing PE: 27.473

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