Avery Dennison Co. (AVY) continues to witness significant movement with various stakeholders adjusting their portfolios. National Bank of Canada FI, Benjamin F. Edwards & Company Inc., First Trust Direct Indexing L.P all increased their positions, whereas Swiss National Bank and New York Life Investment Management LLC reduced their shares. The company's first-quarter results have led Argus to increase the target price to $245.00, with earnings surpassing estimates and revenue growing YoY. The larger dividend payment also seems appealing where the company looks undervalued. Nevertheless, rumor suggests a potential downgrade despite growth prospects. Whereas the stock outperformed competitors on specific trading days, it underperformed on others. It also has a solid 105% return over the last five years despite its lackluster earnings. Experts highlight a 40% growth in Intelligent Labels and the end of restocking which could hold the key to future performance. Lastly, insider activity might indicate a potential price increase.
Avery Dennison Stocks AVY News Analytics from Thu, 31 Mar 2016 07:00:00 GMT to Sun, 12 May 2024 17:07:18 GMT -
Rating 2
- Innovation -4
- Information 4
- Rumor -3
