The stock of Amcor plc (NYSE:AMCR) last traded at $10.23, up 0.10% from the previous session.
Data from the available sources indicates that Amcor plc (NYSE:AMCR) is covered by 19 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $12.40 and a low of $9.00, we find $10.50. Given the previous closing price of $10.22, this indicates a potential upside of 2.74 percent. AMCR stock price is now -5.53% away from the 50-day moving average and -11.34% away from the 200-day moving average. The market capitalization of the company currently stands at $15.04B.
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In total, 13 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $10.47 as their price target over the next twelve months.
In other news, NAYAR ARUN, Director sold 5,648 shares of the company’s stock on Dec 12. The stock was sold for $69,971 at an average price of $12.39. Upon completion of the transaction, the Director now directly owns 75,072 shares in the company, valued at $0.77 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12, Director Long Nicholas T. sold 5,372 shares of the business’s stock. A total of $66,622 was realized by selling the stock at an average price of $12.40. This leaves the insider owning 29,769 shares of the company worth $0.3 million. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AMCR stock. A new stake in Amcor plc shares was purchased by MARSHALL WACE, LLP during the first quarter worth $24,893,000. SEATOWN HOLDINGS PTE. LTD. invested $4,888,000 in shares of AMCR during the first quarter. In the first quarter, CAPRICORN FUND MANAGERS LTD acquired a new stake in Amcor plc valued at approximately $4,807,000. FIRST CITIZENS BANK & TRUST CO acquired a new stake in AMCR for approximately $4,204,000. LA BANQUE POSTALE ASSET MANAGEMENT SA purchased a new stake in AMCR valued at around $4,110,000 in the second quarter. In total, there are 866 active investors with 48.50% ownership of the company’s stock.
With an opening price of $10.29 on Friday morning, Amcor plc (NYSE: AMCR) set off the trading day. During the past 12 months, Amcor plc has had a low of $9.79 and a high of $13.60. As of last week, the company has a debt-to-equity ratio of 1.65, a current ratio of 1.30, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $22.77B, which is based on a 15.67 price-to-earnings ratio, a 11.69 price-to-earnings-growth ratio, and a beta of 0.86. The fifty day moving average price for AMCR is $10.82 and a two-hundred day moving average price translates $11.53 for the stock.
The latest earnings results from Amcor plc (NYSE: AMCR) was released for Mar, 2023. According to the Packaging & Containers Company, earnings per share came in at $0.17, missing analysts’ expectations of $0.18 by -0.01. This compares to $0.18 EPS in the same period last year. The net profit margin was 6.50% and return on equity was 23.40% for AMCR. The company reported revenue of $3.67 billion for the quarter, compared to $3.71 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.11 percent. For the current quarter, analysts expect AMCR to generate $3.7B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/20/2023. Investors who held shares on 05/24/2023 were paid a $0.1225 dividend. On an annualized basis, this represents a $0.49 dividend and a 4.79% percent yield. There was an ex-dividend date of 05/23/2023 for this dividend. In terms of dividend payout ratio, AMCR is presently at 73.70%.
Amcor plc(AMCR) Company Profile
Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. The Flexibles segment provides flexible and film packaging products in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries. The Rigid Packaging segment offers rigid containers for a range of beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads, and personal care items; and plastic caps for various applications. The company sells its products primarily through its direct sales force. Amcor plc was incorporated in 2018 and is headquartered in Zürich, Switzerland.
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