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Why Avery Dennison (AVY) is a Top Value Stock for the Long-Term
AVYAvery Dennison(AVY) ZACKS·2024-10-02 14:46

Group 1 - The Zacks Premium service provides tools for investors to enhance their stock market engagement and confidence, including daily updates, research reports, and stock screens [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market within a 30-day timeframe, rated from A to F based on value, growth, and momentum [2][3][4] Group 2 - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E and Price/Sales, appealing to value investors [2] - The Growth Score assesses a company's financial health and future growth potential through earnings and cash flow analysis, targeting growth investors [3] - The Momentum Score identifies stocks with favorable price trends, utilizing short-term price changes and earnings estimate adjustments to assist momentum investors [3] Group 3 - The VGM Score combines the Value, Growth, and Momentum Scores, providing a comprehensive evaluation of stocks based on their weighted styles, aiding in identifying attractive investment opportunities [4] - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks historically yielding an average annual return of +25.41% since 1988 [5][6] Group 4 - Avery Dennison Corporation, rated 2 (Buy) on the Zacks Rank, has a VGM Score of B and a Value Style Score of B, indicating attractive valuation metrics such as a forward P/E ratio of 23.25 [8] - Recent earnings estimates for Avery Dennison have been revised upward, with the Zacks Consensus Estimate increasing by 0.02to0.02 to 9.46 per share, alongside an average earnings surprise of 4% [8]