AVY - Avery Dennison's Share Price Should Keep Rising With Stronger Bottom Line

2024-07-08 17:34:09 ET

Summary

• Avery Dennison is experiencing double-digit EBITDA and EPS growth, leading to a projected share price increase to $231.
• The company offers a wide range of branding and information solutions beyond labels, with global reach and scale.
• Despite being slightly overvalued, Avery Dennison's proven business model and growth initiatives make it a solid Buy with a projected 6% capital gain.

Investment thesis for Avery Dennison

The world's largest label company, Avery Dennison Corporation ( AVY ) is putting some pep back into its earnings after several uninspiring quarters.

It aims to deliver superior value to shareholders through profitable growth and capital discipline. Those efforts are now paying off as double-digit EBITDA and EPS growth are expected this year and next year....

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