In last trading session, Amcor Plc (NYSE:AMCR) saw 8.91 million shares changing hands with its beta currently measuring 0.86. Company’s recent per share price level of $11.24 trading at -$0.01 or -0.09% at ring of the bell on the day assigns it a market valuation of $16.25B. That closing price of AMCR’s stock is at a discount of -2.14% from its 52-week high price of $11.48 and is indicating a premium of 24.82% 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 5.34 million shares which gives us an average trading volume of 9.53 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 2.72. 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.
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Amcor Plc (NYSE:AMCR) trade information
Upright in the red during last session for losing -0.09%, in the last five days AMCR remained trading in the green while hitting it’s week-highest on Tuesday, 10/15/24 when the stock touched $11.24 price level, adding 1.92% to its value on the day. Amcor Plc’s shares saw a change of 16.60% in year-to-date performance and have moved 0.45% in past 5-day. Amcor Plc (NYSE:AMCR) showed a performance of 1.17% in past 30-days. Number of shares sold short was 21.02 million shares which calculate 2.49 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 10.8 to the stock, which implies a fall of -4.07% to its current value. Analysts have been projecting 10.8 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 3.91% in reaching the projected high whereas dropping to the targeted low would mean a gain of 3.91% 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 25.31% of value to its shares in past 6 months, showing an annual growth rate of 5.71% while that of industry is -1.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
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 6.70% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 6.10% while estimates for its earnings growth in next 5 years are of 3.71%.
AMCR Dividends
Amcor Plc is more likely to be releasing its next quarterly report on 2024-Aug-15 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 4.45%, the share has a forward dividend of 0.50 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 4.2%.
Amcor Plc (NYSE:AMCR)’s Major holders
BLACKROCK INC. is the top institutional holder at AMCR for having 94.89 million shares of worth $928.02 million. And as of 2024-06-30, it was holding 6.5941 of the company’s outstanding shares.
The second largest institutional holder is STATE STREET CORP, which was holding about 91.95 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.3901 of outstanding shares, having a total worth of $899.3 million.
On the other hand, Vanguard 500 Index Fund and Schwab Strategic Tr-Schwab U.S. Dividend Equity ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 37.09 shares of worth $416.92 million or 2.57% of the total outstanding shares. The later fund manager was in possession of 33.34 shares on May 31, 2024 , making its stake of worth around $374.75 million in the company or a holder of 2.31% of company’s stock.
