Currently, there are 1.44B 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 2.62% and 10.07% over the past three months. AMCR shares are trading 17.95% year to date (YTD), with the 12-month market performance up to 30.54% higher. It has a 12-month low price of $8.45 and touched a high of $11.48 over the same period. AMCR has an average intraday trading volume of 9.65 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 1.73%, 3.10%, and 14.01% respectively.
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Institutional ownership of Amcor Plc (NYSE: AMCR) shares accounts for 56.03% of the company’s 1.44B shares outstanding.
It has a market capitalization of $16.43B and a beta (3y monthly) value of 0.86. The stock’s trailing 12-month PE ratio is 22.56, while the earnings-per-share (ttm) stands at $0.50. The company has a PEG of 6.09 and a Quick Ratio of 0.69 with the debt-to-equity ratio at 1.88. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.23% over the week and 1.49% over the month.
Earnings per share for the fiscal year are expected to increase by 6.19%, and 6.16% over the next financial year. EPS should shrink at an annualized rate of 3.71% over the next five years, compared to 6.70% over the past 5-year period.
Looking at the support for the AMCR, a number of firms have released research notes about the stock. Stifel stated their Hold rating for the stock in a research note on July 09, 2024, with the firm’s price target at $10.80. Wells Fargo coverage for the Amcor Plc (AMCR) stock in a research note released on June 28, 2024 offered a Equal Weight rating with a price target of $9.80. BofA Securities was of a view on July 10, 2023 that the stock is Underperform, while JP Morgan gave the stock Overweight rating on May 03, 2023, issuing a price target of $11.60- $10.80. Jefferies on their part issued Hold rating on May 03, 2023.
