A share price of Amcor Plc [AMCR] is currently trading at $10.34, up 4.55%. An important factor to consider is whether the stock is rising or falling in short-term value. The AMCR shares have gain 2.27% over the last week, with a monthly amount drifted -5.91%, 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 09, 2024, when Stifel initiated its Hold rating and assigned the stock a price target of $10.80. Previously, Wells Fargo started tracking the stock with Equal Weight rating on June 28, 2024, and set its price target to $9.80. On July 10, 2023, downgrade downgraded it’s rating to Underperform and revised its price target to $9 on the stock. JP Morgan upgraded its rating to a Overweight and decreased its price target to $10.80 on May 03, 2023. Jefferies upgraded its rating to a Hold. JP Morgan downgraded its rating to Neutral for this stock on January 24, 2023, but kept the price target unchanged to $11.70. In a note dated October 13, 2022, BofA Securities upgraded an Buy rating on this stock.
Amcor Plc experienced fluctuations in its stock price throughout the past year between $8.78 and $11.48. Currently, Wall Street analysts expect the stock to reach $10.8 within the next 12 months. Amcor Plc [NYSE: AMCR] shares were valued at $10.34 at the most recent close of the market. An investor can expect a potential return of 4.45% based on the average AMCR price forecast.
Analyzing the AMCR fundamentals
Trailing Twelve Months sales for Amcor Plc [NYSE:AMCR] were 13.55B which represents -2.61% decline. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.2 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.86.
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 10.17 points at the first support level, and at 10.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.44, and for the 2nd resistance point, it is at 10.54.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Amcor Plc [NYSE:AMCR] is 1.29. On the other hand, the Quick Ratio is 0.74, and the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 1.10, the price to book ratio is 3.81 and price to earnings (TTM) ratio is 19.49.
Transactions by insiders
Recent insider trading involved SORRELLS JULIE MARIE, V.P. & CORPORATE CONTROLLER, that happened on Sep 03 ’24 when 8000.0 shares were sold. Director, Guerra Karen Jane completed a deal on Feb 09 ’24 to sell 25000.0 shares. Meanwhile, PRESIDENT,AMCOR RIGID PKG Roegner Eric V bought 1560.0 shares on Feb 09 ’24.
