AVY Stock Summary and Trading Ideas (Avery Dennison | NYSE:AVY)

Avery Dennison manufactures pressure-sensitive materials, merchandise tags, and labels. The company also runs a specialty converting business that produces radio-frequency identification, or RFID, inlays and labels. Avery Dennison draws a significant amount of revenue from outside the United States, with international operations accounting for the majority of total sales.

Avery Dennison trades on the NYSE stock market under the symbol AVY.

As of April 18, 2024, AVY stock price climbed to $209.35 with 293,268 million shares trading.

AVY has a beta of 1.08, meaning it tends to be more sensitive to market movements. AVY has a correlation of 0.47 to the broad based SPY ETF.

AVY has a market cap of $17.11 billion. This is considered a Large Cap stock.

Last quarter Avery Dennison reported $2 billion in Revenue and $2.16 earnings per share. This beat revenue expectation by $11 million and missed earnings estimates by -$.01.

In the last 3 years, AVY stock traded as high as $229.24 and as low as $151.62.

The top ETF exchange traded funds that AVY belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

AVY has underperformed the market in the last year with a price return of +18.8% while the SPY ETF gained +22.3%. However, in the short term, AVY had mixed performance relative to the market. It has outperformed in the last 3 months, returning +7.0% vs +6.1% return in SPY. But in the last 2 weeks, AVY shares have been beat by the market, returning -5.3% compared to an SPY return of -3.8%.

AVY support price is $206.22 and resistance is $211.62 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AVY stock will trade within this expected range on the day.