News headlines about Avery Dennison Corporation (NYSE:AVY) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Avery Dennison Corporation earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 46.422433947089 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Harley-Davidson, Inc. (HOG) is at $47.47 per share and Avery Dennison Corporation (AVY) is listed at $107.70 – Stocks Gallery (stocksgallery.com)
- Earnings Review and Free Research Report: Avery Dennison’s Net Revenue Grew 11.3%; Adjusted EPS Surged 24.8% (finance.yahoo.com)
- Why You Should Add Avery Dennison (AVY) to Your Portfolio – Nasdaq (nasdaq.com)
- ETFs with exposure to Avery Dennison Corp. : November 13, 2017 (finance.yahoo.com)
- $1.70 Billion in Sales Expected for Avery Dennison Corporation (AVY) This Quarter (americanbankingnews.com)
Several research analysts have recently issued reports on the stock. KeyCorp restated a “hold” rating on shares of Avery Dennison Corporation in a report on Monday, October 30th. Zacks Investment Research cut shares of Avery Dennison Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Citigroup Inc. upped their target price on shares of Avery Dennison Corporation from $106.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. J P Morgan Chase & Co cut shares of Avery Dennison Corporation from an “overweight” rating to a “neutral” rating in a report on Thursday, October 26th. Finally, Loop Capital upped their target price on shares of Avery Dennison Corporation from $99.00 to $106.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $105.71.
Shares of Avery Dennison Corporation (AVY) traded up $0.55 during trading hours on Friday, reaching $108.25. 667,000 shares of the company were exchanged, compared to its average volume of 655,769. The firm has a market cap of $9,481.52, a PE ratio of 23.06, a P/E/G ratio of 3.12 and a beta of 1.22. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.82 and a current ratio of 1.13. Avery Dennison Corporation has a 12-month low of $69.53 and a 12-month high of $108.99.
Avery Dennison Corporation (NYSE:AVY) last issued its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.05. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Avery Dennison Corporation had a net margin of 6.27% and a return on equity of 40.52%. Avery Dennison Corporation’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 EPS. analysts anticipate that Avery Dennison Corporation will post 4.93 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Tuesday, December 5th. Avery Dennison Corporation’s dividend payout ratio is currently 40.18%.
In other news, VP Susan C. Miller sold 6,518 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $105.17, for a total value of $685,498.06. Following the completion of the sale, the vice president now owns 13,409 shares in the company, valued at approximately $1,410,224.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David E. I. Pyott sold 298 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $94.00, for a total transaction of $28,012.00. Following the completion of the sale, the director now owns 16,601 shares of the company’s stock, valued at approximately $1,560,494. The disclosure for this sale can be found here. In the last quarter, insiders have sold 140,047 shares of company stock valued at $14,824,481. 1.40% of the stock is owned by company insiders.
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Avery Dennison Corporation Company Profile
Avery Dennison Corporation (Avery Dennison) is engaged in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products. The Company’s segments include Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials (IHM).
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