Amcor Plc (NYSE:AMCR) has a beta value of 0.87 and has seen 30.03 million shares traded in the last trading session. The company, currently valued at $14.61B, closed the last trade at $10.11 per share which meant it lost -$0.21 on the day or -2.03% during that session. The AMCR stock price is -3.96% off its 52-week high price of $10.51 and 16.42% above the 52-week low of $8.45. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.91 million shares traded. The 3-month trading volume is 8.50 million shares.
The consensus among analysts is that Amcor Plc (AMCR) is Buy stock at the moment, with a recommendation rating of 2.75. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 6 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight.
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Amcor Plc (NYSE:AMCR) trade information
Sporting -2.03% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the AMCR stock price touched $10.11 or saw a rise of 3.53%. Year-to-date, Amcor Plc shares have moved 4.88%, while the 5-day performance has seen it change 2.02%. Over the past 30 days, the shares of Amcor Plc (NYSE:AMCR) have changed 1.40%. Short interest in the company has seen 18.27 million shares shorted with days to cover at 2.07.
Wall Street analysts have a consensus price target for the stock at $10.3, which means that the shares’ value could jump 1.84% from current levels. The projected low price target is $9.8 while the price target rests at a high of $10.8. In that case, then, we find that the current price level is -6.82% off the targeted high while a plunge would see the stock lose 3.07% from current levels.
Amcor Plc (AMCR) estimates and forecasts
Figures show that Amcor Plc shares have underperformed across the wider relevant industry. The company’s shares have gained 6.98% over the past 6 months, with this year growth rate of -4.11%, compared to -2.90% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 7.36% over the past 5 years. Earnings growth for 2024 is a modest -4.61% while over the next 5 years, the company’s earnings are expected to increase by 5.40%.
AMCR Dividends
Amcor Plc is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.50 at a share yield of 4.92%. The company’s dividend yield has gone up over the past 12 months.
Amcor Plc (NYSE:AMCR)’s Major holders
The top two institutional holders are BLACKROCK INC. with over 106.46 million shares worth more than $1.01 billion. As of 2024-03-31, BLACKROCK INC. held 7.3979% of shares outstanding.
The other major institutional holder is STATE STREET CORP, with the holding of over 94.03 million shares as of 2024-03-31. The firm’s total holdings are worth over $894.22 million and represent 6.5343% of shares outstanding.
