Amcor Plc [AMCR] stock is trading at $8.83, saw in change for the day. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AMCR shares have lost -3.07% over the last week, with a monthly amount drifted -6.26%, and not seem to be holding up well over a long-time horizon.
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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.
Amcor Plc [AMCR] stock has fluctuated between $8.45 and $11.18 over the past year. Amcor Plc [NYSE: AMCR] shares were valued at $8.83 at the most recent close of the market.
Analyzing the AMCR fundamentals
Amcor Plc [NYSE:AMCR] reported sales of 14.04B for the trailing twelve months, which represents a drop of -10.73%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.91.
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 8.79 points at the first support level, and at 8.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.90, and for the 2nd resistance point, it is at 8.97.
Ratios To Look Out For
For context, Amcor Plc’s Current Ratio is 1.25. In addition, the Quick Ratio stands at 0.71 and the Cash Ratio stands at 0.11. Considering the valuation of this stock, the price to sales ratio is 0.91, the price to book ratio is 3.22 and price to earnings (TTM) ratio is 20.06.
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.
