Avery Dennison (AVY), a well-established industrial packaging group recently hit a new 52-week low, provoking analysts to question whether to sell their shares. However, despite a dip, it still outperformed other industrial packaging stocks in their Q4 earnings. Major banks like
JP Morgan upgraded the stock, even as they lowered the price target. The company reported a record revenue of $8.8 Billion, largely led by its materials division. Analysts were diversified in their views with some expressing no concern about share value, while others noted they could be significantly below their intrinsic value. A key player,
Entropy Technologies LP, still holds a position at $403,000. The company's Q4 earnings were primarily in line with estimates, though they did miss expectations by a narrow margin of $0.01 EPS. Despite this, AVY outshone their Q4 earnings estimates which Analysts had predicted. This performance led to increased positions from various stakeholders, including DAVENPORT & Co LLC. The company's future appears potentially promising with Avery Dennison posting a slight growth in Q4 revenue, despite a decrease in the 2025 EPS outlook. Many still see an opportunity in the stocks, with JP Morgan upgrading to an overweight rating.
Avery Dennison Stocks AVY News Analytics from Tue, 14 Jun 2022 07:00:00 GMT to Fri, 14 Feb 2025 20:33:55 GMT -
Rating 6
- Innovation -5
- Information 8
- Rumor -2
