Published on 26 Jun 2022 on Simply Wall St. via Yahoo Finance
Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the market average. Buying under-rated businesses is one path to excess returns. For example, long term Avery Dennison Corporation (NYSE:AVY) shareholders have enjoyed a 87% share price rise over the last half decade, well in excess of the market return of around 53% (not including dividends).
Since the stock has added US$853m to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns.
Check out our latest analysis for Avery Dennison