Avery Dennison Corp. (NYSE: AVY) Stock Gets Downgraded at Zacks Investment Research

Shares of Avery Dennison Corp. (NYSE: AVY) were downgraded by analysts at Zacks Investment Research in a note to their investors today. With a rating of Hold on the shares, Avery Dennison Corp. has a 52-week high of $79.27. A number of other analysts have spoken on the stock in recent days, and the company has secured a consensus one-year price target of $85.80, higher than the opening price of $78.01. Important and major digressions in the company’s operations, future direction or industry can cause downgrades as the analysts consider that the future prospects for the security have diminished from the initial recommendation.

U.S. stocks closed higher Tuesday as investors anticipate the results of meetings from the Federal Reserve and the Bank of Japan.

The Dow Jones Industrial Average DJIA, +0.05% rose 9.79 points, or less than 0.1%, to close at 18,129.96.

The S&P 500 index SPX, +0.03% advanced 0.64 points to finish at 2,139.76, led by gains in the health-care and consumer-staples sectors.

The Nasdaq Composite index COMP, +0.12% gained 6.33 points, or 0.1%, to close at 5,241.35.

Shares of Avery Dennison Corp. (NYSE: AVY) opened at $78.01 yesterday and traded in a range between, $77.58 and $78.01, and last traded at $77.62, which is a spike of $0.17 over the previous closing price.

Avery Dennison Corp. (NYSE: AVY) currently has a market cap of 6.90B.

The stock’s average daily volume is 670,091 shares out of a total float 88,409,000 and some 533,775 shares traded hands yesterday, 78 percent below the average. Investors often use swings in trading volume to determine substantial volume accumulation or dissemination by institutional investors, so look for trading volume to pick up in the coming days.

As with all potential breakouts, investors watch for volume to be at least 40%-50% above normal on the breakout to show that fund managers and other professional investors are jumping in.

Institutional sponsorship commonly refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.

Professional investors such as these retain substantial teams of analysts that investigate thousands of stocks. Thus, watching their interests is a good way to ensure you are buying the right stocks.

By spotting trends, moving averages allow investors to make those trends work in their favor and increase the number of successful trades.

Trades for Avery Dennison Corp. (NYSE: AVY) have ranged from $55.29 – 79.27, and the stock now has a 50-day MA of $77.46 and 200-day MA of $74.53. Today’s last price is 0.02% under the 52 week high of $79.27.

Indeed, earnings growth is among the most important things to look at in regards to stock investing and, accordingly, investors look for companies that have raised their earnings at least 25% or more for a 3 year period.

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