Amcor Plc (NYSE:AMCR) has a beta value of 0.83 and has seen 3.23 million shares traded in the recent trading session. The company, currently valued at $15.26B, closed the recent trade at $10.56 per share which meant it gained $0.17 on the day or 1.64% during that session. The AMCR stock price is -8.71% off its 52-week high price of $11.48 and 16.86% above the 52-week low of $8.78. If we look at the company’s 10-day average daily trading volume, we find that it stood at 20.57 million shares traded. The 3-month trading volume is 9.41 million shares.
The consensus among analysts is that Amcor Plc (AMCR) is Buy stock at the moment, with a recommendation rating of 2.83. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 7 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.16.
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Amcor Plc (NYSE:AMCR) trade information
Sporting 1.64% in the green today, 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 $10.56 or saw a rise of 1.12%. Year-to-date, Amcor Plc shares have moved 9.54%, while the 5-day performance has seen it change 2.13%. Over the past 30 days, the shares of Amcor Plc (NYSE:AMCR) have changed -3.39%. Short interest in the company has seen 22.21 million shares shorted with days to cover at 2.9.
Wall Street analysts have a consensus price target for the stock at $10.8, which means that the shares’ value could jump 2.22% from the levels at last check today. The projected low price target is $10.8 while the price target rests at a high of $10.8. In that case, then, we find that the latest price level in today’s session is -2.27% off the targeted high while a plunge would see the stock gain -2.27% from the levels at last check today.
Amcor Plc (AMCR) estimates and forecasts
Figures show that Amcor Plc shares have outperformed across the wider relevant industry. The company’s shares have gained 6.88% over the past 6 months, with this year growth rate of 5.71%, compared to -2.00% for the industry. Revenue growth from the last financial year stood is estimated to be 2.15%.
7 analysts offering their estimates for the company have set an average revenue estimate of 3.35B for the current quarter. 7 have an estimated revenue figure of 3.53B for the next ending quarter. Year-ago sales stood 3.25B and 3.41B respectively for this quarter and the next, and analysts expect sales will grow by 2.95% for the current quarter and 2.15% for the next.
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 6.70% over the past 5 years. Earnings growth for 2024 is a modest 5.29% while over the next 5 years, the company’s earnings are expected to increase by 7.52%.
AMCR Dividends
Amcor Plc is expected to release its next earnings report in December 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 4.76%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.25%.
Amcor Plc (NYSE:AMCR)’s Major holders
The top two institutional holders are BLACKROCK INC. with over 94.89 million shares worth more than $928.02 million. As of 2024-06-30, BLACKROCK INC. held 6.5941% of shares outstanding.
The other major institutional holder is STATE STREET CORP, with the holding of over 91.95 million shares as of 2024-06-30. The firm’s total holdings are worth over $899.3 million and represent 6.3901% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard 500 Index Fund and Schwab Strategic Tr-Schwab U.S. Dividend Equity ETF. As of Sep 30, 2024, the former fund manager holds about 2.62% shares in the company for having 37.85 shares of worth $398.41 million while later fund manager owns 34.11 shares of worth $358.99 million as of Aug 31, 2024, which makes it owner of about 2.36% of company’s outstanding stock.
