Avery Dennison Corporation (NYSE:AVY) appears to be enjoying strong momentum in the market. Analysts are boosting their price targets with one going as high as $245. The company's shares reached a new 52-week high at $229.21. The positive sentiment arises from escalating profitability driven by retail adoption of
RFID, along with forecasted growth of 40% in its Intelligent Labels segment. The company has just decided to pay an even larger dividend than the previous year, now set at $0.88. Investors have been satisfied by its consistent earnings, with the Q1 report surpassing analysts' expectations, and
AVY's overall return in the last five years has been a robust 105%. Despite some insider shares sold,
Avery Dennison's stock position is not decreasing significantly since new stakes and investments are being initiated by several asset-management companies. However, some market participants deem
AVY as potentially overvalued, considering its lackluster earnings. With recent insider activity, there's a potential for its stock price to see an increase.
Avery Dennison Stocks AVY News Analytics from Mon, 22 Jun 2015 01:47:06 GMT to Thu, 23 May 2024 20:18:58 GMT -
Rating 6
- Innovation 1
- Rumor -5
