The price of Amcor Plc (NYSE:AMCR) shares last traded on Wall Street rose 0.10% to $9.65.
As we calculate the median target price by taking the range between a high of $10.00 and a low of $8.50, we find $9.30. Given the previous closing price of $9.64, this indicates a potential downside of -3.53 percent. AMCR stock price is now 6.71% away from the 50-day moving average and -2.73% away from the 200-day moving average. The market capitalization of the company currently stands at $13.95B.
Brokers who have rated the stock have averaged $9.40 as their price target over the next twelve months.
With the price target reduced from $12.40 to $9, BofA Securities Downgraded its rating from Buy to Underperform for Amcor Plc (NYSE: AMCR).
In other news, NAYAR ARUN, Director sold 10,261 shares of the company’s stock on Dec 01. The stock was sold for $96,351 at an average price of $9.39. Upon completion of the transaction, the Director now directly owns 52,527 shares in the company, valued at $0.51 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 01, Director Long Nicholas T. sold 9,699 shares of the business’s stock. A total of $91,074 was realized by selling the stock at an average price of $9.39. This leaves the insider owning 36,922 shares of the company worth $0.36 million. A total of 0.33% of the company’s stock is owned by insiders.
A candlestick chart of Amcor Plc (NYSE: AMCR) showed a price of $9.65 on Friday morning. During the past 12 months, Amcor Plc has had a low of $8.45 and a high of $12.78. As of last week, the company has a debt-to-equity ratio of 1.94, a current ratio of 1.27, and a quick ratio of 0.74. According to the stock market information, the enterprise value for the company is $20.98B, which is based on a 14.74 price-to-earnings ratio, a 2.73 price-to-earnings-growth ratio, and a beta of 0.86. The fifty day moving average price for AMCR is $9.05 and a two-hundred day moving average price translates $9.91 for the stock.
The latest earnings results from Amcor Plc (NYSE: AMCR) was released for Sep, 2023. According to the Packaging & Containers Company, earnings per share came in at $0.16, beating analysts’ expectations of $0.15 by 0.01. This compares to $0.16 EPS in the same period last year. The net profit margin was 6.67% and return on equity was 24.77% for AMCR. The company reported revenue of $3.44 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 -7.25 percent. For the current quarter, analysts expect AMCR to generate $3.43B in revenue.
