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After finishing at $207.65 in the prior trading day, Avery Dennison Corp. (NYSE: AVY) closed at $204.96, down -1.30%. In other words, the price has decreased by -$1.30 from its previous closing price. On the day, 0.8 million shares were traded. AVY stock price reached its highest trading level at $206.315 during the session, while it also had its lowest trading level at $202.71.
Ratios:
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 77.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.71. For the most recent quarter (mrq), Quick Ratio is recorded 0.62 and its Current Ratio is at 0.92. In the meantime, Its Debt-to-Equity ratio is 1.32 whereas as Long-Term Debt/Eq ratio is at 0.85.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on October 24, 2024, Downgraded its rating to Neutral and sets its target price to $210 from $230 previously.
On October 17, 2024, BofA Securities Upgraded its rating to Buy which previously was Underperform and also upped its target price recommendation from $207 to $250.
On October 07, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $250.Barclays initiated its Overweight rating on October 07, 2024, with a $250 target price.
Insider Transactions:
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 Aug 22 ’24 when Butier Mitchell R sold 10,000 shares for $215.23 per share. The transaction valued at 2,152,276 led to the insider holds 304,114 shares of the business.
Butier Mitchell R sold 7,108 shares of AVY for $1,550,367 on Aug 23 ’24. The Executive Chairman now owns 304,114 shares after completing the transaction at $218.12 per share. On Aug 23 ’24, another insider, Butier Mitchell R, who serves as the Officer of the company, bought 7,108 shares for $218.12 each.
Valuation Measures:
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 16503195648 and an Enterprise Value of 19506968576. As of this moment, Avery’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.62, and their Forward P/E ratio for the next fiscal year is 19.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.90 while its Price-to-Book (P/B) ratio in mrq is 7.22. Its current Enterprise Value per Revenue stands at 2.247 whereas that against EBITDA is 13.773.
Stock Price History:
Over the past 52 weeks, AVY has reached a high of $233.48, while it has fallen to a 52-week low of $165.21. The 50-Day Moving Average of the stock is -5.40%, while the 200-Day Moving Average is calculated to be -5.00%.
Shares Statistics:
The stock has traded on average 501.38K shares per day over the past 3-months and 546490 shares per day over the last 10 days, according to various share statistics. A total of 80.50M shares are outstanding, with a floating share count of 79.26M. Insiders hold about 1.56% of the company’s shares, while institutions hold 92.55% stake in the company. Shares short for AVY as of 1727654400 were 2020477 with a Short Ratio of 4.03, compared to 1724976000 on 1761098. Therefore, it implies a Short% of Shares Outstanding of 2020477 and a Short% of Float of 2.87.
Dividends & Splits
In the trailing 12 months, AVY’s forward annual dividend rate was 3.38, compared to 3.38 this year. Against a Trailing Annual Dividend Yield of 0.016277391The stock’s 5-year Average Dividend Yield is 1.59.
