Media stories about Avery Dennison (NYSE:AVY) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Avery Dennison earned a news impact score of 0.16 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 46.2355220320435 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
Avery Dennison (NYSE:AVY) traded down $0.61 during mid-day trading on Monday, reaching $112.02. 782,057 shares of the company’s stock were exchanged, compared to its average volume of 658,196. The firm has a market capitalization of $9,915.54, a PE ratio of 24.12, a P/E/G ratio of 3.26 and a beta of 1.24. Avery Dennison has a 12 month low of $69.53 and a 12 month high of $114.79. The company has a current ratio of 1.13, a quick ratio of 0.82 and a debt-to-equity ratio of 1.14.
Avery Dennison (NYSE:AVY) last announced its earnings results on Wednesday, October 25th. The industrial products company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.05. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Avery Dennison had a net margin of 6.27% and a return on equity of 40.52%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 EPS. equities analysts predict that Avery Dennison will post 4.93 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.61%. Avery Dennison’s payout ratio is 40.18%.
AVY has been the topic of a number of research analyst reports. Robert W. Baird reissued a “buy” rating and set a $100.00 price objective on shares of Avery Dennison in a report on Friday, September 1st. Zacks Investment Research raised shares of Avery Dennison from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Tuesday, November 7th. Loop Capital raised their price objective on shares of Avery Dennison from $99.00 to $106.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. KeyCorp reissued a “hold” rating on shares of Avery Dennison in a report on Friday, September 22nd. Finally, J P Morgan Chase & Co cut shares of Avery Dennison from an “overweight” rating to a “neutral” rating in a report on Thursday, October 26th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Avery Dennison has a consensus rating of “Buy” and a consensus price target of $110.83.
In other news, Chairman Dean A. Scarborough sold 10,000 shares of Avery Dennison stock in a transaction on Friday, October 27th. The shares were sold at an average price of $104.54, for a total value of $1,045,400.00. Following the transaction, the chairman now directly owns 94,042 shares of the company’s stock, valued at approximately $9,831,150.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Lori J. Bondar sold 10,855 shares of Avery Dennison stock in a transaction on Monday, November 20th. The shares were sold at an average price of $110.88, for a total transaction of $1,203,602.40. Following the completion of the transaction, the chief accounting officer now directly owns 18,556 shares in the company, valued at $2,057,489.28. The disclosure for this sale can be found here. Insiders sold a total of 152,604 shares of company stock worth $16,245,751 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.
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About Avery Dennison
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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