Avery Dennison Corp. (AVY) has been the subject of various market updates recently. It's been suggested that the company could find a support soon, making their stocks a promising buy. Analyst consensus shows a 'Moderate Buy' rating for AVY stocks. The company's Q2 2024 results showed an EPS growth of 26%, impressing shareholders. Retiring assets from New York State Teachers Retirement System and Congress Asset Management Co. were observed, while International Assets Investment Management purchased 16,557 shares. Despite some concerns, the firm continues to outperform on stock ratings. Q3 earnings results were promising, beating estimates, and FY24 views were raised. A key measure of intrinsic value indicates the stock could potentially be undervalued by 63%. Despite some cut in stock targets, the overall assessment of the company keeps it as a strong value stock for long-term investment. Avery Dennison is also making progress in the RFID sector, indicating a diversification in their portfolio. Dividend investors can look forward to a quarterly dividend of $0.88. Though Q3 earnings missed expectations, there remains a positive outlook supported by the declaration of long-term targets at the Investor Day. Meanwhile, caution is urged due to insider disposal of stocks. Despite some bearish indicators, the company's bottom line strength continues to push the share price up.
Avery Dennison Stocks AVY News Analytics from Thu, 27 Jul 2023 07:00:00 GMT to Sat, 02 Nov 2024 17:43:41 GMT -
Rating 8
- Innovation 4
- Information 7
- Rumor 2
