+Compare
AVY
Stock ticker: NASDAQ
AS OF
Loading...
Price
Loading...
Change
Loading...
Capitalization
15.75B

AVY Avery Dennison Corp Forecast, Technical & Fundamental Analysis

a manufacturer of self-adhesive materials, retail tags, specialty tapes and polymers

Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
A.I.Advisor
a Summary for AVY with price predictions
07:00 PM EST Dec 06, 2023

AVY's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for AVY turned positive on November 03, 2023. Looking at past instances where AVY's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 03, 2023. You may want to consider a long position or call options on AVY as a result. In of 93 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

AVY moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for AVY crossed bullishly above the 50-day moving average on November 15, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AVY advanced for three days, in of 328 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 286 cases where AVY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 68 cases where AVY's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where AVY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

AVY broke above its upper Bollinger Band on November 14, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. AVY’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: AVY's P/B Ratio (7.630) is slightly higher than the industry average of (2.640). P/E Ratio (32.916) is within average values for comparable stocks, (26.924). Projected Growth (PEG Ratio) (3.607) is also within normal values, averaging (3.354). Dividend Yield (0.016) settles around the average of (0.035) among similar stocks. P/S Ratio (1.920) is also within normal values, averaging (10.578).

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Tupperware Brands Corp (NASDAQ:TUP).

Industry description

The containers/packing sector includes companies that manufacture containers (like plastic and aluminum food containers, glass bottles, metal cans, cardboard, storage and waste bags, giftwraps etc.) and provide packing services. Food-and-beverage and household products are major markets for this business. Several companies in this industry cater to international markets in addition to serving domestic customers. Consumer spending habits could potentially affect this industry’s performance. Some products, that use oil-based materials as inputs, are likely to see their costs of production get impacted (to some extent) by energy price movements. The ever-expanding e-commerce market has only supercharged the amount/frequency of goods shipped domestically and across borders, thereby creating ample potential opportunities for containers and packaging businesses. Ball Corporation, International Paper Company, Amcor Plc and Packaging Corporation of America are some of the largest U.S. companies in this industry.

Market Cap

The average market capitalization across the Containers/Packaging Industry is 4.04B. The market cap for tickers in the group ranges from 6.74K to 66.8B. STO holds the highest valuation in this group at 66.8B. The lowest valued company is EPTI at 6.74K.

High and low price notable news

The average weekly price growth across all stocks in the Containers/Packaging Industry was 2%. For the same Industry, the average monthly price growth was 6%, and the average quarterly price growth was 20%. MGIH experienced the highest price growth at 41%, while NEXNF experienced the biggest fall at -12%.

Volume

The average weekly volume growth across all stocks in the Containers/Packaging Industry was -74%. For the same stocks of the Industry, the average monthly volume growth was -51% and the average quarterly volume growth was -46%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 51
P/E Growth Rating: 56
Price Growth Rating: 53
SMR Rating: 63
Profit Risk Rating: 82
Seasonality Score: 25 (-100 ... +100)
View a ticker or compare two or three
Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
Ad is loading...
A.I. Advisor
published Earnings

AVY is expected to report earnings to rise 3.33% to $2.17 per share on January 31

Avery Dennison Corp AVY Stock Earnings Reports
Q4'23
Est.
$2.17
Q3'23
Missed
by $0.01
Q2'23
Missed
by $0.14
Q1'23
Est.
$1.70
Q4'22
Missed
by $0.49
The last earnings report on October 25 showed earnings per share of $2.10, missing the estimate of $2.11. With 333.70K shares outstanding, the current market capitalization sits at 15.75B.
A.I.Advisor
published Dividends

AVY is expected to pay dividends on December 20, 2023

Avery Dennison Corp AVY Stock Dividends
A dividend of $0.81 per share will be paid with a record date of December 20, 2023, and an ex-dividend date of December 05, 2023. The last dividend of $0.81 was paid on September 20. Read more...
A.I. Advisor
published General Information

General Information

a manufacturer of self-adhesive materials, retail tags, specialty tapes and polymers

Industry ContainersPackaging

Profile
Fundamentals
Details
Industry
Containers Or Packaging
Address
8080 Norton Parkway
Phone
+1 440 534-6000
Employees
36000
Web
https://www.averydennison.com
Interesting Tickers
1D
1W
1M
1Q
6M
1Y
5Y
1 Day
STOCK / NAMEPrice $Chg $Chg %
TSVT2.650.31
+13.25%
2seventy bio
HSIC71.540.90
+1.27%
Henry Schein
EQC19.080.04
+0.24%
Equity Commonwealth
DDL1.88-0.10
-5.05%
Dingdong (Cayman) Limited
NXU0.02N/A
-6.06%
Nxu

AVY and

Correlation & Price change

A.I.dvisor indicates that over the last year, AVY has been loosely correlated with HNI. These tickers have moved in lockstep 62% of the time. This A.I.-generated data suggests there is some statistical probability that if AVY jumps, then HNI could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To AVY
1D Price
Change %
AVY100%
+0.42%
HNI - AVY
62%
Loosely correlated
+1.22%
AMCR - AVY
54%
Loosely correlated
+2.44%
SEE - AVY
54%
Loosely correlated
+4.49%
BERY - AVY
53%
Loosely correlated
+0.77%
SCS - AVY
52%
Loosely correlated
+1.61%
More

Groups containing AVY

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To AVY
1D Price
Change %
AVY100%
+0.42%
Containers/Packaging
(undefined stocks)
74%
Closely correlated
+0.06%
packaging
(undefined stocks)
74%
Closely correlated
+0.75%
container
(undefined stocks)
73%
Closely correlated
+0.51%
polymer materials
(undefined stocks)
71%
Closely correlated
+1.67%
retail
(undefined stocks)
59%
Loosely correlated
+0.73%
More