At the time of writing, Amcor Plc [AMCR] stock is trading at $9.49, up 0.21%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AMCR shares have gain 3.49% over the last week, with a monthly amount glided 4.29%, and seem to be holding up well over a long-time horizon.
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On 6, February 2024, Amcor reports first half and second quarter result for fiscal 2024. In a post published today on Yahoo Finance, December 2023 quarter:GAAP diluted EPS of 9.2 cps; Adjusted EPS of 15.7 cps.
From an analyst’s perspective:
Amcor Plc [NYSE: AMCR] stock has seen the most recent analyst activity on July 10, 2023, when BofA Securities downgraded its rating to a Underperform and also revised its price target to $9 from $12.40. Previously, JP Morgan upgraded its rating to Overweight on May 03, 2023, and dropped its price target to $10.80. On May 03, 2023, upgrade upgraded it’s rating to Hold. JP Morgan downgraded its rating to a Neutral but stick to its price target of $11.70 on January 24, 2023. BofA Securities upgraded its rating to a Buy. Macquarie downgraded its rating to Neutral for this stock on August 18, 2022. In a note dated August 18, 2022, Jefferies downgraded an Underperform rating on this stock.
For the past year, the stock price of Amcor Plc fluctuated between $8.45 and $11.39. Amcor Plc [NYSE: AMCR] shares were valued at $9.49 at the most recent close of the market.
Analyzing the AMCR fundamentals
According to Amcor Plc [NYSE:AMCR], the company’s sales were 14.04B for trailing twelve months, which represents an -10.73% plunge. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.16 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.91.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.41 points at the first support level, and at 9.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.56, and for the 2nd resistance point, it is at 9.62.
Amcor Plc [AMCR] reported earnings per share of $0.16 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.15/share, meaning a difference of $0.01 and a surprise factor of 6.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.16 per share as compared to estimates of $0.15 per share, a difference of $0.01 representing a surprise of 6.70%.
Ratios To Look Out For
It is important to note that Amcor Plc [NYSE:AMCR] has a current ratio of 1.25. As well, the Quick Ratio is 0.71, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 0.98, the price to book ratio is 3.46 and price to earnings (TTM) ratio is 21.56.
Transactions by insiders
Recent insider trading involved Roegner Eric V, PRESIDENT,AMCOR RIGID PKG, that happened on Feb 09 ’24 when 1560.0 shares were purchased. Director, Guerra Karen Jane completed a deal on Feb 09 ’24 to sell 25000.0 shares. Meanwhile, Director NAYAR ARUN sold 10261.0 shares on Dec 01 ’23.
