Sticking with Success: AVY Stock [2023]
By Arpi Sinha
Feb 20, 2023
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SubhMantra Presents
Avery Dennison Corporation
AVY produces adhesive materials, label solutions, and packaging materials as a global materials science and manufacturing company.
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AVY share price closed at $182.50 per share on February 17, 2023 with a market capitalization of $14.77 billion.
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Recent Performance
However, over the last 12 months, AVY stock has not given significant returns to the investors.
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The company has a solid track record of organic growth, with a near-good-average revenue growth rate.
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Financial Health
AVY has a strong balance sheet, with $0.96 billion in cash and short-term investments and a debt-to-equity ratio of 1.52.
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Growth Prospects
AVY has a diversified product portfolio and a global presence, with operations in over 50 countries.
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The global packaging market is expected to grow at a CAGR of 4.3% for the next five years, creating a significant growth opportunity fo
r AVY.
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Overall, AVY stock is a compelling investment opportunity for investors seeking exposure to the materials science and manufacturing industry.
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