Avery Dennison Hits 52-Week High On Dividend Hike, Solid Q1

 | May 16, 2017 09:19PM ET

Shares of Avery Dennison Corporation (NYSE:AVY) crafted a 52-week high of $84.57 on May 16, before closing lower at $84.31, backed by the recent dividend hike and strong first-quarter earnings.

Avery Dennison has a market cap of roughly $7.5 billion. The average volume of shares traded in the last three months is around 649K. The stock delivered a solid one-year return of around 13.3%.

The company beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average positive surprise of 5.53%.

Avery Dennison Corporation Price and Consensus

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AGCO has an average positive earnings surprise of 40.39% for the trailing four quarters. Altra Industrial Motion generated an average positive earnings surprise of 15.93% in the past four quarters, while Parker-Hannifin has an average positive earnings surprise of 14.94% for the last four quarters.

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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

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