In recent trading session, Amcor Plc (NYSE:AMCR) saw 4.61 million shares changing hands at last check today with its beta currently measuring 0.85. Company’s recent per share price level of $10.13 trading at -$0.72 or -6.60% at last check today assigns it a market valuation of $14.65B. That most recent trading price of AMCR’s stock is at a discount of -7.7% from its 52-week high price of $10.91 and is indicating a premium of 16.58% from its 52-week low price of $8.45. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 11.67 million shares which gives us an average trading volume of 10.24 million if we extend that period to 3-months.

For Amcor Plc (AMCR), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.77. Splitting up the data highlights that, out of 7 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.16 in the current quarter.

Amcor Plc (NYSE:AMCR) trade information

Upright in the red during last session for losing -6.60%, in the last five days AMCR remained trading in the red while hitting it’s week-highest on Thursday, 08/15/24 when the stock touched $10.13 price level, adding 7.15% to its value on the day. Amcor Plc’s shares saw a change of 5.12% in year-to-date performance and have moved -4.03% in past 5-day. Amcor Plc (NYSE:AMCR) showed a performance of -1.80% in past 30-days. Number of shares sold short was 21.07 million shares which calculate 1.81 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 10.3 to the stock, which implies a rise of 1.65% to its recent value today. Analysts have been projecting 9.8 as a low price target for the stock while placing it at a high target of 10.8. It follows that stock’s current price would jump 3.26% in reaching the projected high whereas dropping to the targeted low would mean a gain of 3.26% for stock’s current value.

Amcor Plc (AMCR) estimates and forecasts

Statistics highlight that Amcor Plc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 12.73% of value to its shares in past 6 months, showing an annual growth rate of 7.14% while that of industry is -0.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 3.80% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 3.48B for the same. And 3 analysts are in estimates of company making revenue of 3.38B in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 7.36% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 5.89% while estimates for its earnings growth in next 5 years are of 5.40%.

Amcor Plc (NYSE:AMCR)’s Major holders

BLACKROCK INC. is the top institutional holder at AMCR for having 106.46 million shares of worth $1.01 billion. And as of 2024-03-31, it was holding 7.3979 of the company’s outstanding shares.

The second largest institutional holder is STATE STREET CORP, which was holding about 94.03 million shares on 2024-03-31. The number of shares represents firm’s hold over 6.5343 of outstanding shares, having a total worth of $894.22 million.