The leading market experts have placed a mean price target of $85.80 on Avery Dennison Corporation (NYSE:AVY) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.91 a share for the upcoming quarter and $3.92 for the current fiscal.
The technical analysis of Avery Dennison Corporation Comm plainly substantiates that the 50-day moving average of Avery Dennison Corporation Comm is $75.55, and stock is trading $1.90 points away or +2.51% from its 50-day moving average of $75.55. Further it is trading $4.96 or +6.84% away its 200-day moving average of $72.49. Avery Dennison Corporation (NYSE:AVY) 52-week high is $79.27 and the 52-week low is $53.56.
This explains if the stock moves $-1.82, it will post a 52-week high. In event of +44.60% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of Avery Dennison Corporation Comm, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Avery Dennison Corporation (NYSE:AVY) ratio came in at 23.08.
The stock last ended the trading session at $77.45 and registered a market cap of $6.88B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Avery Dennison Corporation (NYSE:AVY) PEG ratio is at 1.78.
1 Chart Pattern Every Investor Should Know
This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...