Amcor Plc (NYSE:AMCR) has a beta value of -25.81% and has seen 37.18 shares traded in the last trading session. The company, currently valued at $20.68B, closed the last trade at $9.05 per share which meant it lost -$2.17 on the day or 8.97% during that session. The AMCR stock price is -26.85% off its 52-week high price of $11.48 and 7.51% above the 52-week low of $8.37. If we look at the company’s 10-day average daily trading volume, we find that it stood at 31.84 million shares traded. The 3-month trading volume is 3.33 shares.
The consensus among analysts is that Amcor Plc (AMCR) is Buy stock at the moment, with a recommendation rating of 42.19. 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 0.22.
Amcor Plc (NYSE:AMCR) trade information
Sporting 8.97% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the AMCR stock price touched $9.05 or saw a rise of 2.06%. Year-to-date, Amcor Plc shares have moved -9.94%, while the 5-day performance has seen it change -2.92%. Over the past 30 days, the shares of Amcor Plc (NYSE:AMCR) have changed -3.55%. Short interest in the company has seen 48.18 million shares shorted with days to cover at 1.15.
Wall Street analysts have a consensus price target for the stock at $10.8, which means that the shares’ value could jump 16.2% from current levels. 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 current price level is -19.34% off the targeted high while a plunge would see the stock gain -19.34% from current levels.
Amcor Plc (AMCR) estimates and forecasts
The company’s shares have lost -8.84% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 10.37%.
5 analysts offering their estimates for the company have set an average revenue estimate of 5.2B for the current quarter. 4 have an estimated revenue figure of 5.93B for the next ending quarter. Year-ago sales stood 3.54B and 3.35B respectively for this quarter and the next, and analysts expect sales will grow by 47.06% for the current quarter and 10.37% 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 -5.92% 6.70% over the past 5 years. Earnings growth for 2025 is a modest 3.51% while over the next 5 years, the company’s earnings are expected to increase by 9.33%.
AMCR Dividends
Amcor Plc is expected to release its next earnings report on 2025-Apr-30 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.51 at a share yield of 5.69%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.5%.
Amcor Plc (NYSE:AMCR)’s Major holders
Insiders own 0.27% of the company shares, while shares held by institutions stand at 44.78% with a share float percentage of 44.90%. Investors are also buoyed by the number of investors in a company, with Amcor Plc having a total of 944.0 institutions that hold shares in the company. 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.
