In the latest trading session, 6.68 million Amcor Plc (NYSE:AMCR) shares changed hands as the company’s beta touched 0.81. With the company’s most recent per share price at $10.26 changed hands at -$0.06 or -0.59% at last look, the market valuation stands at $14.83B. AMCR’s current price is a discount, trading about -11.89% off its 52-week high of $11.48. The share price had its 52-week low at $8.80, which suggests the last value was 14.23% up since then.
Analysts gave the Amcor Plc (AMCR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.26. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended AMCR as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Amcor Plc’s EPS for the current quarter is expected to be 0.19.
Amcor Plc (NYSE:AMCR) trade information
Instantly AMCR was in red as seen in intraday trades today. With action 0.58%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 9.03%, with the 5-day performance at 0.58% in the green. However, in the 30-day time frame, Amcor Plc (NYSE:AMCR) is 3.74% up.
The consensus price target for the stock as assigned by Wall Street analysts is 10.8, meaning bulls need an upside of 5.0% from its recent market value. According to analyst projections, AMCR’s forecast low is 10.8 with 10.8 as the target high. To hit the forecast high, the stock’s price needs a -5.26% plunge from its current level, while the stock would need to soar -5.26% for it to hit the projected low.
Amcor Plc (AMCR) estimates and forecasts
Year-over-year growth is forecast to reach 1.22% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 3.51B. 6 analysts are of the opinion that Amcor Plc’s revenue for the current quarter will be 3.65B. The company’s revenue for the corresponding quarters a year ago was 3.41B and 3.54B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 2.85%. The estimates for the next quarter sales put growth at 3.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 6.70%. The 2025 estimates are for Amcor Plc earnings to increase by 4.70%, but the outlook for the next 5-year period is at 6.01% per year.
AMCR Dividends
Amcor Plc is expected to release its next quarterly earnings report in March. The 4.90% annual yield figure for the share gives it an annual dividend of 0.50. It is important to note, however, that the 4.90% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Amcor Plc (NYSE:AMCR)’s Major holders
STATE STREET CORP holds the second largest percentage of outstanding shares, with 6.3901% or 91.95 million shares worth $899.3 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard 500 Index Fund and Schwab Strategic Tr-Schwab U.S. Dividend Equity ETF. With 37.85 shares estimated at $388.19 million under it, the former controlled 2.62% of total outstanding shares. On the other hand, Schwab Strategic Tr-Schwab U.S. Dividend Equity ETF held about 2.54% of the shares, roughly 36.72 shares worth around $376.53 million.
