The Avery Dennison Corporation (NYSE:AVY) shares faced performance concerns, despite its recent approval of a $750M stock buyback and a 7% dividend hike to $0.94 per share. Negative performance indicators included unimpressive Q1 results and the return of the CFO from medical leave. Analysts have subsequently downgraded the stock, potentially due to insider selling amounting to $7.5m and increasing implied volatility. Despite these setbacks, the company's intrinsic value is believed to be 77% above its current share price and it's considered a worthy investment among blue-chip stocks reaching 52-week lows.
Contributing to optimism are Avery Dennison's RFID adoption benefits, despite the looming near-term headwinds. Additionally, various investment firms, like Janney Montgomery Scott LLC and Assenagon Asset Management S.A., are showing interest by boosting their stakes in the company. Ultimately, Avery Dennison is seen as a long-term value stock, despite current underperformance against Dow and Nasdaq.
Avery Dennison Stocks AVY News Analytics from Fri, 21 Jul 2017 02:14:31 GMT to Wed, 25 Jun 2025 08:01:21 GMT - Rating -4 - Innovation 2 - Information 4 - Rumor -2
