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In a challenging market environment, Avery Dennison Corporation (NYSE:AVY) stock has touched a 52-week low, reaching a price level of $178.12. Despite market pressures, InvestingPro data reveals the company maintains a perfect Piotroski Score of 9, indicating strong financial health, with a market capitalization of $14.2 billion. This downturn reflects a broader trend for the company, which has seen a significant 1-year change with a decrease of -16.32%. Investors are closely monitoring the stock as it navigates through market pressures, with the latest price point marking a notable dip in its yearly performance. The company, known for its adhesive labeling and packaging materials, is facing headwinds that have impacted its stock valuation over the past year. According to InvestingPro analysis, analysts maintain price targets ranging from $169 to $236, with projected earnings of $10.11 per share for FY2025. The company has demonstrated remarkable stability through its 55-year track record of consecutive dividend payments.
In other recent news, Avery Dennison reported its fourth-quarter 2024 earnings, narrowly missing analyst expectations. The company posted an earnings per share (EPS) of $2.38, slightly below the forecast of $2.39, and revenue reached $2.18 billion, falling short of the anticipated $2.2 billion. Despite these misses, investor sentiment remained positive, as reflected in the stock’s 3.06% rise in pre-market trading. Avery Dennison’s Intelligent Labels segment saw a 9% organic growth in 2024, contributing significantly to the company’s overall performance. The firm returned $525 million to shareholders through dividends and buybacks, demonstrating a strong commitment to shareholder value. Looking ahead, Avery Dennison projects an adjusted EPS of $9.80 to $10.20 for 2025, with expectations of 3-4% organic sales growth. In other developments, BMO Capital Markets adjusted its outlook on Avery Dennison, reducing the price target to $226 from $252 while maintaining an Outperform rating. The revision reflects a cautious stance on the company’s financial projections due to currency exchange headwinds.
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