Amcor Plc (NYSE:AMCR) shares traded -1.40% lower at $9.18 on Wall Street last session.
AMCR stock price is now -1.10% away from the 50-day moving average and -2.65% away from the 200-day moving average. The market capitalization of the company currently stands at $13.27B.
With the price target reduced from $12.40 to $9, BofA Securities Downgraded its rating from Buy to Underperform for Amcor Plc (NYSE: AMCR). On May 03, 2023, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock reducing its target price from $11.60 to quote $10.80, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, Roegner Eric V, PRESIDENT,AMCOR RIGID PKG bought 1,560 shares of the company’s stock on Feb 09 ’24. The stock was bought for $14,197 at an average price of $9.10. Upon completion of the transaction, the PRESIDENT,AMCOR RIGID PKG now directly owns 520 shares in the company, valued at $4773.6. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 09 ’24, Director Guerra Karen Jane sold 25,000 shares of the business’s stock. A total of $225,444 was realized by selling the stock at an average price of $9.02. This leaves the insider owning 75,424 shares of the company worth $0.69 million. A total of 0.33% of the company’s stock is owned by insiders.
During the past 12 months, Amcor Plc has had a low of $8.45 and a high of $11.39. As of last week, the company has a debt-to-equity ratio of 1.91, a current ratio of 1.25, and a quick ratio of 0.71. According to the stock market information, the enterprise value for the company is $20.59B, which is based on a 20.85 price-to-earnings ratio, a 3.86 price-to-earnings-growth ratio, and a beta of 0.84. The fifty day moving average price for AMCR is $9.27 and a two-hundred day moving average price translates $9.41 for the stock.
The latest earnings results from Amcor Plc (NYSE: AMCR) was released for Dec, 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 $0.31 EPS in the same period last year. The net profit margin was 4.55% and return on equity was 15.46% for AMCR. The company reported revenue of $3.25 billion for the quarter, compared to $3.64 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.74 percent. For the current quarter, analysts expect AMCR to generate $3.5B in revenue.
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 various 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 through its direct sales force. Amcor plc was incorporated in 2018 and is headquartered in Zurich, Switzerland.
