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Avery Dennison Corporation (NYSE:AVY) stock Reported Profit Margin of 8.40 percent in Last Year: Is Defensible?

BofA Securities raised the price target for the Avery Dennison Corporation (NYSE:AVY) stock from “a Neutral” to “a Buy”. The rating was released on December 15, 2022, according to finviz. We previously noted in another research note published on October 13, 2022 by BofA Securities that downgraded the stock from a Buy to a Neutral with a price target of $172 for AVY stock. The research report from JP Morgan has upgraded the stock from Neutral to Overweight, with a price target set at $195. The stock was initiated by Truist, who disclosed in a research note on March 25, 2022, to Buy and set the price objective to $227. In their research brief published November 24, 2021, Raymond James analysts initiated the Avery Dennison Corporation stock to Outperform with a price target of $240.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of Avery Dennison Corporation (NYSE:AVY) dipped -3.05% to close Friday’s market session at $166.47, lower as compared to yesterday’s close. The stock price fluctuated between $164.37 and $171.72 throughout the trading session with the volume trading being 767270 shares, which represented a significant variation when compared to the three months average volume of 487.99K shares. The firm’s stock price fluctuated -2.50% within the last five trades and -10.32% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -7.19% in the last 6 months and -8.46% was subtracted to its value over the previous 3 months. AVY stock is trading at a margin of -6.74%, -9.43% and -7.19% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

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As of the close of trading, AVY deals in the Consumer Cyclical domain. The stock is trading -18.54 percent below its 52-week high and 9.79 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -6.53. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Avery Dennison Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 11.00 percent and the profit margin is 8.40 percent, and the company has reported a gross margin of 26.60 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $13.79 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Avery Dennison Corporation (NYSE:AVY) is 18.07. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 15.74. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.53 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 6.63, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.70 percent of Avery Dennison Corporation shares are owned by insiders, and 92.80 percent are held by financial institutions. Lopez Andres Alberto, the Director at Avery Dennison Corporation (AVY) has sold 5,800 shares of firm on Mar 03 at a price of $182.00 against the total amount of $1.06 million. In another inside trade, Colisto Nicholas, SVP & CIO of Avery Dennison Corporation (NYSE:AVY) sold 3,842 shares of the firm on Mar 02 for a total worth of $0.69 million at a price of $180.43. An inside trade which took place on Feb 13, Director of Avery Dennison Corporation Anderson Anthony sold 816 shares of firm against total price of $0.15 million at the cost of $183.99 per share.



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