Toronto Dominion Bank reduces its stake in Avery Dennison Co. (NYSE:AVY), despite the stock moving 3.1% higher recently. Several financial institutions, including Bank of Montreal Can and Summit Trail Advisors LLC, are augmenting their positions in AVY. With promising long-term targets reiterated at the 2024 Investor Day, the Company is viewed as an incredible growth stock by some analysts, showing a strong return of over 112% in the last five years.
However, AVY's stock price is down by 2.5%. With Q3 2025 earnings estimated by Zacks Research and their Q2 earnings surpassing estimates, some financial analysts view the recent dip as temporary. Meanwhile, debt usage by the company is sensible, and several institutions, including Envestnet Asset Management Inc., increase their holdings.
Amid this, a bearish reversal is predicted for Avery Dennison stock and RSI alert indicates it is now oversold. However, numerous institutions, sealing new investments or boosting their positions, seem to play a balancing role. The stock has been given a moderate buy rating by brokerages, and its Price-to-Cash and Price-to-Free Cash Flow ratio analysis could provide more insight.
Avery Dennison Stocks AVY News Analytics from Thu, 20 Aug 2020 07:00:00 GMT to Sun, 29 Sep 2024 09:01:04 GMT - Rating 1 - Innovation 0 - Information 8 - Rumor -5
