In yesterday’s Wall Street session, Amcor Plc (NYSE:AMCR) shares traded at $10.03, down -0.10% from the previous session.
AMCR stock price is now 2.28% away from the 50-day moving average and -2.55% away from the 200-day moving average. The market capitalization of the company currently stands at $14.50B.
On January 06, 2025, Truist Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $10 to quote $12, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Bertone Andrea E., Director sold 6,138 shares of the company’s stock on Dec 03 ’24. The stock was sold for $64,756 at an average price of $10.55. Upon completion of the transaction, the Director now directly owns 43,814 shares in the company, valued at $0.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 03 ’24, Director Long Nicholas T. sold 7,230 shares of the business’s stock. A total of $76,276 was realized by selling the stock at an average price of $10.55. This leaves the insider owning 52,911 shares of the company worth $0.53 million. A total of 0.56% of the company’s stock is owned by insiders.
During the past 12 months, Amcor Plc has had a low of $8.78 and a high of $11.48. As of last week, the company has a debt-to-equity ratio of 1.96, a current ratio of 1.26, and a quick ratio of 0.71. According to the stock market information, the enterprise value for the company is $21300920320, which is based on a 18.21 price-to-earnings ratio, a 3.03 price-to-earnings-growth ratio, and a beta of 0.82. The fifty day moving average price for AMCR is $9.8134 and a two-hundred day moving average price translates $10.28805 for the stock.
The latest earnings results from Amcor Plc (NYSE: AMCR) was released for 2024-09-30. The net profit margin was 5.87% and return on equity was 20.60% for AMCR. The company reported revenue of $3.35 billion for the quarter, compared to $3.44 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.61 percent. For the current quarter, analysts expect AMCR to generate $3.51B in revenue.
