Do Amcor Plc (NYSE: AMCR) Fit In A Value Investing Philosophy?

Currently, there are 1.45B common shares owned by the public and among those 1.44B shares have been available to trade.

The company’s stock has a 5-day price change of 0.22% and -3.42% over the past three months. AMCR shares are trading -3.42% year to date (YTD), with the 12-month market performance down to -16.43% lower. It has a 12-month low price of $8.45 and touched a high of $11.39 over the same period. AMCR has an average intraday trading volume of 9.09 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.48%, 0.26%, and -1.31% respectively.

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Institutional ownership of Amcor Plc (NYSE: AMCR) shares accounts for 53.03% of the company’s 1.45B shares outstanding.

It has a market capitalization of $13.46B and a beta (3y monthly) value of 0.84. The stock’s trailing 12-month PE ratio is 21.15, while the earnings-per-share (ttm) stands at $0.44. The company has a PEG of 3.92 and a Quick Ratio of 0.71 with the debt-to-equity ratio at 1.91. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.76% over the week and 1.76% over the month.

Analysts forecast that Amcor Plc (AMCR) will achieve an EPS of $0.16 for the current quarter, $0.2 for the next quarter and $0.73 for 2025. The lowest estimate earnings-per-share for the quarter is $0.16 while analysts give the company a high EPS estimate of $0.17. Comparatively, EPS for the current quarter was $0.17 a year ago. Earnings per share for the fiscal year are expected to decrease by -6.69%, and 6.96% over the next financial year. EPS should shrink at an annualized rate of 5.40% over the next five years, compared to 7.36% over the past 5-year period.

Looking at the support for the AMCR, a number of firms have released research notes about the stock. BofA Securities stated their Underperform rating for the stock in a research note on July 10, 2023, with the firm’s price target at $12.40-$9. JP Morgan coverage for the Amcor Plc (AMCR) stock in a research note released on May 03, 2023 offered a Overweight rating with a price target of $10.80. Jefferies was of a view on May 03, 2023 that the stock is Hold, while JP Morgan gave the stock Neutral rating on January 24, 2023, issuing a price target of $11.70. BofA Securities on their part issued Buy rating on October 13, 2022.

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