Back to top

Bear of the Day

Zacks Equity Research

Avery Dennison Corp. (AVY)

AVY

 ZacksTrade Now

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

We are reiterating our Underperform recommendation on Avery Dennison Corp. (AVY) with a target price of $29. The company reported first-quarter 2012 adjusted earnings of $0.45 per share in the first quarter of fiscal 2012. Total revenues dipped 3% to $1.48 billion.

The company is struggling with high raw material costs and low volume. It expects to complete the sale of its Office Product business and instead focus on the more profitable pressure sensitive materials business, Retail Branding and Information Solutions.

Our Underperform recommendation indicates that we expect the stock to perform below the broader market. Our $29 target price or 14.7x our 2012 EPS estimate, reflects this view.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GRP IN DXYN 15.84 +7.90%
BOFI HLDG IN BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%