Avery Dennison Corporation (NYSE:AVY) registered a 9.08% increase, still its new closing price is 37.14% up from the company’s 1 year high of 78.51.It posted 6.93% gains in previous 5 sessions and is now the subject of 4 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 2 buy or better ratings. The 9 stock analysts following this company have an average price target at $82.00, with individual PT in the $75.00-$95.00 range. The shares moved at $79.65, implying that brokerage firms see shares gaining about 36.04% in twelve months time.
Avery Dennison Corporation (AVY) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 13.43% rise year to date. A Executive Chairman at Avery Dennison Corporation (AVY) offloaded shares in a transaction closed on Wednesday December 14, 2016. SCARBOROUGH DEAN A sold 28,577 shares in the company at $73 each and collected $2,086,000 in proceeds. SCARBOROUGH DEAN A now owns 173,277 shares in the company after this transaction. A Executive Chairman in the company, SCARBOROUGH DEAN A, disclosed a transaction on Thursday December 08, 2016 that ended up generating $1,834,001 from the sale of 25,000 shares at $73.38 per share.
Avery Dennison Corporation (NYSE:AVY) Upcoming Results on Tap
Avery Dennison Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $1.19 in that period. Sales during the quarter are predicted to arrive at $1.56 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.51 billion in revenue and EPS of $1.01. The mean forecast was for $1.51 billion and $1.00 a share, respectively. One quarter earlier, revenue for the stock was at $1.54 billion, with earnings at $1.09/share.
Avery Dennison Corporation (AVY) Brokerage Update
Avery Dennison Corporation (AVY) is in Citigroup’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Neutral by Citigroup, according to news reported on Friday January 06, 2017.Another important research note was issued by BofA/Merrill on Wednesday December 07, 2016.The firm upgraded AVY to Neutral from Underperform. Over the last six months and over the last three months, the shares of Avery Dennison Corporation (AVY), have changed 3.45% and 14.78%, respectively.