After finishing at $169.61 in the prior trading day, Avery Dennison Corporation (NYSE: AVY) closed at $164.78, down -2.85%. In other words, the price has decreased by -$4.83 from its previous closing price. On the day, 676658 shares were traded. AVY stock price reached its highest trading level at $168.66 during the session, while it also had its lowest trading level at $164.39.
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Our goal is to gain a better understanding of AVY by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 37.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.53. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 1.10. In the meantime, Its Debt-to-Equity ratio is 1.74 whereas as Long-Term Debt/Eq ratio is at 1.42.
Upgrades & Downgrades
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 02 when STEWART JULIA A sold 930 shares for $172.99 per share. The transaction valued at 160,876 led to the insider holds 15,962 shares of the business.
Lopez Andres Alberto sold 5,800 shares of AVY for $1,055,600 on Mar 03. The Director now owns 1,315 shares after completing the transaction at $182.00 per share. On Mar 02, another insider, Colisto Nicholas, who serves as the SVP & CIO of the company, sold 3,842 shares for $180.43 each. As a result, the insider received 693,212 and left with 7,978 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AVY now has a Market Capitalization of 13.39B and an Enterprise Value of 16.33B. As of this moment, Avery’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.83, and their Forward P/E ratio for the next fiscal year is 15.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.52 while its Price-to-Book (P/B) ratio in mrq is 6.53. Its current Enterprise Value per Revenue stands at 1.86 whereas that against EBITDA is 12.76.
Stock Price History:
Over the past 52 weeks, AVY has reached a high of $204.37, while it has fallen to a 52-week low of $151.62. The 50-Day Moving Average of the stock is 173.21, while the 200-Day Moving Average is calculated to be 179.73.
The stock has traded on average 527.16K shares per day over the past 3-months and 540.42k shares per day over the last 10 days, according to various share statistics. A total of 80.90M shares are outstanding, with a floating share count of 80.45M. Insiders hold about 0.69% of the company’s shares, while institutions hold 92.80% stake in the company. Shares short for AVY as of Apr 27, 2023 were 1.36M with a Short Ratio of 1.36M, compared to 1.53M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.69% and a Short% of Float of 1.93%.
Dividends & Splits
In the trailing 12 months, AVY’s forward annual dividend rate was 3.00, compared to 3.24 this year. Against a Trailing Annual Dividend Yield of 1.77%, it implies a Forward Annual Dividend Yield of 1.90%. The stock’s 5-year Average Dividend Yield is 1.67. The current Payout Ratio is 35.80% for AVY, which recently paid a dividend on Jun 20, 2023 with an ex-dividend date of Jun 05, 2023. Stock splits for the company last occurred on Dec 22, 1996 when the company split stock in a 2:1 ratio.
Its stock is currently analyzed by 9 different market analysts. On average, analysts expect EPS of $2.07 for the current quarter, with a high estimate of $2.17 and a low estimate of $1.98, while EPS last year was $2.64. The consensus estimate for the next quarter is $2.56, with high estimates of $2.69 and low estimates of $2.51.
Analysts are recommending an EPS of between $9.13 and $8.75 for the fiscal current year, implying an average EPS of $8.99. EPS for the following year is $10.41, with 12 analysts recommending between $11.16 and $10.
8 analysts predict $2.19B in revenue for the current quarter. It ranges from a high estimate of $2.21B to a low estimate of $2.14B. As of the current estimate, Avery Dennison Corporation’s year-ago sales were $2.35B, an estimated decrease of -6.90% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $2.4B, an increase of 3.70% over than the figure of -$6.90% in the same quarter last year. There is a high estimate of $2.51B for the next quarter, whereas the lowest estimate is $2.33B.
A total of 10 analysts have provided revenue estimates for AVY’s current fiscal year. The highest revenue estimate was $9.09B, while the lowest revenue estimate was $8.74B, resulting in an average revenue estimate of $8.95B. In the same quarter a year ago, actual revenue was $9.04B, down -1.00% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $9.47B in the next fiscal year. The high estimate is $9.68B and the low estimate is $9.23B. The average revenue growth estimate for next year is up 5.90% from the average revenue estimate for this year.