Avery Dennison Corp (AVY) is Resumed by Credit Suisse to Neutral

Avery Dennison Corp (AVY) was Resumed by Credit Suisse to “Neutral”. Credit Suisse advised their investors in a research report released on Apr 22, 2016.

On the company’s financial health, Avery Dennison Corp reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Feb 3, 2016. Analyst had a consensus of $0.78. The company had revenue of $1454.80 million for the quarter, compared to analysts expectations of $1454.83 million. The company’s revenue was down -9.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.90 EPS.

Avery Dennison Corp closed down -0.21 points or -0.29% at $72.81 with 5,25,925 shares getting traded on Wednesday. Post opening the session at $73.16, the shares hit an intraday low of $72.66 and an intraday high of $73.74 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Apr 4, 2016, Susan C Miller (Senior VP, Gen Counsel & Secty) sold 2,000 shares at $71.74 per share price. According to the SEC, on Mar 10, 2016, Dean A Scarborough (Chairman and CEO) sold 27,915 shares at $69.09 per share price. On Mar 4, 2016, Anne Hill (Sr. VP & Chief HR Officer) sold 37,021 shares at $67.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Avery Dennison Corporation is engaged in the production of pressure-sensitive materials and a variety of tickets tags labels and other converted products. The Company’s pressure-sensitive materials are sold to label printers and converters that convert the materials into labels and other products through embossing printing stamping and die-cutting. It also sells pressure-sensitive materials in converted form as tapes and reflective sheeting. The Company also manufactures and sells a variety of other converted products and items not involving pressure-sensitive components such as fasteners tickets tags radio-frequency identification (RFID) inlays and tags and imprinting equipment and related services which it markets to retailers and apparel manufacturers and brand owners. The Company’s operational segments include Pressure-sensitive Materials (PSM) Retail Branding and Information Solutions (RBIS) and Vancive Medical Technologies (Vancive).

Avery Dennison Corp

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