During the recent session, Amcor plc (NYSE:AMCR)’s traded shares were 1.62 million. At the last check today, the stock’s price was $12.23, reflecting an intraday loss of -2.90% or -$0.36. The 52-week high for the AMCR share is $13.60, that puts it down -11.2 from that peak though still a striking 12.84% gain since the share price plummeted to a 52-week low of $10.66. The company’s market capitalization is $18.82B, and the average intraday trading volume over the past 10 days was 10.39 million shares, and the average trade volume was 11.16 million shares over the past three months.
Amcor plc (AMCR) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 3.00. AMCR has a Sell rating from 1 analyst(s) out of 21 analysts who have looked at this stock. 12 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 6 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.24.
Amcor plc (NYSE:AMCR) trade information
Amcor plc (AMCR) registered a -2.90% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.90% in intraday trading to $12.23 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is -3.45%, and it has moved by -0.47% in 30 days. Based on these gigs, the overall price performance for the year is 8.53%. The short interest in Amcor plc (NYSE:AMCR) is 45.43 million shares and it means that shorts have 4.62 day(s) to cover.
The consensus price target of analysts on Wall Street is $12.73, which implies an increase of 3.93% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $11.00 and $14.94 respectively. As a result, AMCR is trading at a discount of -22.16% off the target high and 10.06% off the low.
Amcor plc (AMCR) estimates and forecasts
Statistics show that Amcor plc has underperformed its competitors in share price, compared to the industry in which it operates. Amcor plc (AMCR) shares have gone up 3.79% during the last six months, with a year-to-date growth rate less than the industry average at 8.11% against 21.30. In the rating firms’ projections, revenue will increase 12.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $3.77 billion as predicted by 6 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $3.54 billion by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $3.45 billion and $3.29 billion respectively. In this case, analysts expect current quarter sales to grow by 9.20% and then jump by 7.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 23.80%. While earnings are projected to return 55.60% in 2022, the next five years will return 5.95% per annum.
Amcor plc is due to release its next quarterly earnings between January 31 and February 04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Amcor plc is 0.48, with the dividend yield indicating at 3.81 percent, continuing the trend of increasing dividends in recent years.
Amcor plc (NYSE:AMCR)’s Major holders
Amcor plc insiders own 0.26% of total outstanding shares while institutional holders control 44.24%, with the float percentage being 44.35%. State Street Corporation is the largest shareholder of the company, while 798 institutions own stock in it. As of Mar 30, 2022, the company held over 112.64 million shares (or 7.50% of all shares), a total value of $1.28 billion in shares.
The next largest institutional holding, with 100.0 million shares, is of Blackrock Inc.’s that is approximately 6.65% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $1.13 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Amcor plc (AMCR) shares are Vanguard 500 Index Fund and SPDR (R) Ser Tr- SPDR (R) S&P (R) Dividend ETF. Data provided on Mar 30, 2022 indicates that Vanguard 500 Index Fund owns about 33.12 million shares. This amounts to just over 2.20 percent of the company’s overall shares, with a $375.27 million market value. The same data shows that the other fund manager holds slightly less at 32.12 million, or about 2.14% of the stock, which is worth about $399.2 million.