Amcor plc [AMCR] stock is up 1.16 while the S&P 500 has fallen -0.85% on Thursday, 09/17/20. While at the time of this article, AMCR ATR is sitting at 0.28. This stock’s volatility for the past week remained at 2.14%, while it was 2.28% for the past 30-day period. AMCR has risen $0.13 from the previous closing price of $11.19 on volume of 11.86 million shares.
Analyst Birdseye View:
The most recent analyst activity for Amcor plc [NYSE:AMCR] stock was on June 10, 2020, when it was Downgrade with a Neutral rating from Credit Suisse. Before that, on July 08, 2020, BofA Securities Recapitulated a Neutral rating and elevated its amount target to $11.50. On April 23, 2020, Jefferies Downgrade a Hold rating. On March 19, 2020, Deutsche Bank Initiated a Buy rating and increased its price target to $7.50. On March 13, 2020, BMO Capital Markets Initiated a Market perform rating and increased its price target to $9. On March 02, 2020, Credit Suisse Upgrade an Outperform rating. On December 20, 2019, Robert W. Baird Initiated a Neutral rating and boosted its target amount on this stock to $11.
In the past 52 weeks of trading, this stock has oscillated between a low of $5.80 and a peak of $11.59. Right now, the middling Wall Street analyst 12-month amount mark is $11.75. At the most recent market close, shares of Amcor plc [NYSE:AMCR] were valued at $11.32. According to the average price forecast, investors can expect a potential return of 3.74%.
This company’s Gross Margin is currently 20.30% and its Operating Margin is 8.00%.
Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 11.05 points at 1st support level, the second support level is making up to 10.77. But as of 1st resistance point, this stock is sitting at 11.47 and at 11.62 for 2nd resistance point.
Amcor plc [AMCR] reported its earnings at $0.19 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.19/share signifying the difference of 0 and 0.00% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.15 calling estimates for $0.16/share with the difference of -0.01 depicting the surprise of -6.30%.
Important Ratio’s To Watch
Meanwhile, turning our focus to liquidity, the Current Ratio for Amcor plc [NYSE:AMCR] is 1.10. Now if looking for a valuation of this stock’s showing 29.18 of P/E (TTM) ratio.
The most recent insider trade was by Konieczny Peter, President, Amcor Flexibles, and it was the sale of 0.11 million shares on Aug 27. Konieczny Peter, the President, Amcor Flexibles, completed a sale of 48989.0 shares on Aug 21. On Mar 16, Roegner Eric V, President,Amcor Rigid Plastics, completed a purchase of 1600.0 shares.