November 29, 2016 - By Vivian Park · 0 Comments
Avery Dennison Corp (NYSE:AVY) institutional sentiment increased to 0.96 in Q2 2016. Its up 0.10, from 0.86 in 2016Q1. The ratio improved, as 185 active investment managers started new and increased positions, while 216 reduced and sold their equity positions in Avery Dennison Corp. The active investment managers in our partner’s database now have: 74.71 million shares, down from 83.42 million shares in 2016Q1. Also, the number of active investment managers holding Avery Dennison Corp in their top 10 positions was flat from 3 to 3 for the same number . Sold All: 38 Reduced: 178 Increased: 137 New Position: 48.
Avery Dennison Corporation is engaged in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products. The company has a market cap of $6.50 billion. The Company’s pressure-sensitive materials are sold to label printers and converters that convert the materials into labels and other products through embossing, printing, stamping and die-cutting. It has a 20.99 P/E ratio. The Company’s operational divisions include Pressure-sensitive Materials (PSM), Retail Branding and Information Solutions (RBIS), and Vancive Medical Technologies (Vancive).
The stock increased 1.20% or $0.86 during the last trading session, hitting $72.57. Avery Dennison Corp (NYSE:AVY) has declined 0.23% since April 26, 2016 and is downtrending. It has underperformed by 5.49% the S&P500.
Analysts await Avery Dennison Corp (NYSE:AVY) to report earnings on February, 1. They expect $0.93 EPS, up 9.41% or $0.08 from last year’s $0.85 per share. AVY’s profit will be $83.30 million for 19.51 P/E if the $0.93 EPS becomes a reality. After $1.01 actual EPS reported by Avery Dennison Corp for the previous quarter, Wall Street now forecasts -7.92% negative EPS growth.
According to Zacks Investment Research, “Avery Dennision Corporation produces pressure-sensitive adhesives and materials and the production of consumer and converted products. Some pressure-sensitive adhesives and materials are converted into labels and other products through embossing, printing, stamping and die-cutting, and some are sold in unconverted form as base materials, tapes and reflective sheeting. The company also manufactures and sells a variety of consumer and converted products and other items not involving pressure-sensitive components, such as notebooks, three-ring binders, among others.”
Delta Asset Management Llc Tn holds 3.69% of its portfolio in Avery Dennison Corp for 285,298 shares. F&V Capital Management Llc owns 50,530 shares or 2.81% of their US portfolio. Moreover, Gavekal Capital Llc has 2.75% invested in the company for 119,662 shares. The New York-based Shufro Rose & Co Llc has invested 2.57% in the stock. Dorsey Wright & Associates, a California-based fund reported 56,045 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 buying transaction, and 18 insider sales for $41.09 million net activity.
Ratings analysis reveals 50% of Avery Dennison’s analysts are positive. Out of 4 Wall Street analysts rating Avery Dennison, 2 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. The lowest target is $66 while the high is $86. The stock’s average target of $75.50 is 4.04% above today’s ($72.57) share price. AVY was included in 8 notes of analysts from October 15, 2015. The rating was initiated by Aegis Capital on Monday, November 21 with “Hold”. As per Monday, May 2, the company rating was maintained by Barclays Capital. The stock of Avery Dennison Corp (NYSE:AVY) earned “Underperform” rating by Bank of America on Friday, July 1. The firm has “Overweight” rating by JP Morgan given on Thursday, October 27. The rating was downgraded by JP Morgan to “Neutral” on Friday, May 20.
Avery Dennison Corporation (Avery Dennison), incorporated on February 23, 1977, is engaged in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products. The Company’s pressure-sensitive materials are sold to label printers and converters that convert the materials into labels and other products through embossing, printing, stamping and die-cutting. The Company’s divisions include Pressure-sensitive Materials (PSM), Retail Branding and Information Solutions (RBIS), and Vancive Medical Technologies (Vancive). It also sells pressure-sensitive materials in converted form as tapes and reflective sheeting. The Firm also makes and sells a range of other converted products and items not involving pressure-sensitive components, such as fasteners, tickets, tags, radio-frequency identification (RFID) inlays and tags, and imprinting equipment and related services, which it markets to retailers, and apparel manufacturers and brand owners.
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By Vivian Park