Avery Dennison Rises On Unusually High Volume (AVY)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Avery Dennison (NYSE: AVY) is trading at unusually high volume Wednesday with 2.3 million shares changing hands. It is currently at 2.4 times its average daily volume and trading up 96 cents (+2.3%) at $42.25 as of 4:03 p.m. ET.

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Avery Dennison has a market cap of $4.09 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 17.1% year to date as of the close of trading on Tuesday.

Avery Dennison Corporation engages in the production and sale of pressure-sensitive materials worldwide. Its Pressure-sensitive Materials segment offers pressure-sensitive label and packaging materials, graphics and graphic films, reflective products, and tapes and performance polymers. The company has a P/E ratio of 25.1, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Avery Dennison as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Avery Dennison Ratings Report.

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