The stock of Amcor Plc (NYSE:AMCR) last traded at $8.98, down -0.55% from the previous session.
AMCR stock price is now -2.22% away from the 50-day moving average and -4.08% away from the 200-day moving average. The market capitalization of the company currently stands at $12.98B.
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 $4669.6. 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 $0.68 million. A total of 0.35% 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 $11.11. 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.
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.
