During the recent session, Amcor Plc (NYSE:AMCR)’s traded shares were 3.0 million, with the beta value of the company hitting 0.87. At the last check today, the stock’s price was $10.15, reflecting an intraday loss of -1.70% or -$0.17. The 52-week high for the AMCR share is $10.51, that puts it down -3.55 from that peak though still a striking 16.75% gain since the share price plummeted to a 52-week low of $8.45. The company’s market capitalization is $14.66B, and the average intraday trading volume over the past 10 days was 9.6 million shares, and the average trade volume was 8.50 million shares over the past three months.
Amcor Plc (AMCR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.75. AMCR has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.2.
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Amcor Plc (NYSE:AMCR) trade information
Amcor Plc (AMCR) registered a -1.70% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.70% in intraday trading to $10.15, hitting a weekly high. The stock’s 5-day price performance is 2.37%, and it has moved by 1.76% in 30 days. Based on these gigs, the overall price performance for the year is 1.65%. The short interest in Amcor Plc (NYSE:AMCR) is 18.27 million shares and it means that shorts have 2.07 day(s) to cover.
The extremes of the forecast give a target low and a target high price of $9.8 and $10.8 respectively. As a result, AMCR is trading at a discount of -6.4% off the target high and 3.45% 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 7.35% during the last six months, with a year-to-date growth rate less than the industry average at -4.11% against -2.90. In the rating firms’ projections, revenue will decrease -6.50% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 3.64B as predicted by 7 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 3.48B by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 7.36%. While earnings are projected to return -4.61% in 2024, the next five years will return 5.40% per annum.
AMCR Dividends
Amcor Plc is due to release its next quarterly earnings in August. 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 0.50, with the dividend yield indicating at 4.90 percent, continuing the trend of increasing dividends in recent years.
Amcor Plc (NYSE:AMCR)’s Major holders
The next largest institutional holding, with 94.03 million shares, is of STATE STREET CORP’s that is approximately 6.5343% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $894.22 million.
