Avery Dennison (AVY) stock has been gaining impressive momentum in the market following upgrades from
Argus Research and
UBS Group. The company's recent valuation, partnerships such as the one with
Walmart for RFID implementation in fresh food supply chains, and better-than-expected quarterly earnings suggest a positive trajectory. Despite
Wealthfront Advisers and
UNIVEST FINANCIAL Corp downsizing AVY shares, other firms like
Envestnet Asset Management and
Palmer Knight Co have grown their stakes. The latest Q3 reports indicate that earnings aligned with estimates and revenues have shown a year-on-year increase, despite threats of an expected Q3 earnings decline. However, AVY has underperformed in the consumer cyclical sector and hits 12-month low following an analyst downgrade. The company survived the testing times by reporting better than anticipated Q2 results, but faced a setback as it missed Q2 sales targets. It continues to strategically strive with the acquisition of Meridian's flooring adhesives business and the appointment of a new President for Intelligent Labels. Looking ahead, Avery Dennison slated to report Q2 earnings and has announced an investor event.
Avery Dennison Stocks AVY News Analytics from Wed, 26 Feb 2025 08:00:00 GMT to Sat, 01 Nov 2025 17:45:47 GMT -
Rating 5
- Innovation 5
- Information 7
- Rumor 3
