Avery Dennison (AVY) is gaining recognition as a strong value stock. The company is set to pay a dividend of US$0.88, with notable institutions such as the Bank of Montreal and BNP Paribas increasing their holdings. Citigroup Inc., for example, has acquired a substantial 19,248 shares. Several other investment firms, including Cerity Partners LLC and abrdn plc, have raised their position while others like ING Groep NV and Mutual of America Capital Management LLC have sold their shares. Besides financial transactions, Avery Dennison hosted their 2024 Investor Day and presented their Q3 earnings, with an impressive 26% EPS growth for Q2 2024. The company is advancing in terms of RFID adoption within the grocery retail industry, an essential aspect of their growth strategy. Despite some skepticism about Avery Dennison underperforming the S&P 500 and potential bearish signals, there is positive anticipation for Avery Dennison's long-term returns, considering their shareholders have earned a 16% CAGR over the last five years. The share price is speculated to rise with the company's stronger bottom line, and the consensus among brokerages is a 'Moderate Buy' recommendation.
Avery Dennison Stocks AVY News Analytics from Mon, 22 Jun 2015 01:47:06 GMT to Sat, 30 Nov 2024 12:12:29 GMT -
Rating 7
- Innovation 3
- Information 6
- Rumor -2
