The price-to-earnings ratio for Amcor Plc (NYSE: AMCR) is above average at 21.63x, Company’s 36-month beta value is 0.86.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 2 as “sell.”
The public float for AMCR is 1.44B, and currently, short sellers hold a 1.61% ratio of that floaft. The average trading volume of AMCR on September 23, 2024 was 10.09M shares.
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AMCR) stock’s latest price update
Amcor Plc (NYSE: AMCR)’s stock price has decreased by -1.89 compared to its previous closing price of 11.11. However, the company has seen a -0.82% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-12 that Amcor is one of 40 stocks I bought for my YARP dividend portfolio last spring. Its price trend fits a concern I see for buy/hold investors. Too many stocks offer fleeting upside. In fact, the “average” stock is flat for about 3 years. My answer to that, with AMCR and dozens of other stocks, is to own them but tactically adjust the position sizes. AMCR is an example of that.
AMCR’s Market Performance
Amcor Plc (AMCR) has seen a -0.82% fall in stock performance for the week, with a -0.27% decline in the past month and a 9.55% surge in the past quarter. The volatility ratio for the week is 1.76%, and the volatility levels for the past 30 days are at 1.43% for AMCR. The simple moving average for the last 20 days is -1.99% for AMCR stock, with a simple moving average of 10.87% for the last 200 days.
Analysts’ Opinion of AMCR
Many brokerage firms have already submitted their reports for AMCR stocks, with Stifel repeating the rating for AMCR by listing it as a “Hold.” The predicted price for AMCR in the upcoming period, according to Stifel is $10.80 based on the research report published on July 09, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see AMCR reach a price target of $9.80. The rating they have provided for AMCR stocks is “Equal Weight” according to the report published on June 28th, 2024.
BofA Securities gave a rating of “Underperform” to AMCR, setting the target price at $9 in the report published on July 10th of the previous year.
AMCR Trading at 2.07% from the 50-Day Moving Average
After a stumble in the market that brought AMCR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.80% of loss for the given period.
Volatility was left at 1.43%, however, over the last 30 days, the volatility rate increased by 1.76%, as shares sank -0.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.11% upper at present.
During the last 5 trading sessions, AMCR fell by -0.82%, which changed the moving average for the period of 200-days by +14.98% in comparison to the 20-day moving average, which settled at $11.12. In addition, Amcor Plc saw 13.07% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AMCR starting from SORRELLS JULIE MARIE, who sale 8,000 shares at the price of $11.37 back on Sep 03 ’24. After this action, SORRELLS JULIE MARIE now owns 38,533 shares of Amcor Plc, valued at $90,960 using the latest closing price.
Guerra Karen Jane, the Director of Amcor Plc, sale 25,000 shares at $9.02 during a trade that took place back on Feb 09 ’24, which means that Guerra Karen Jane is holding 75,424 shares at $225,444 based on the most recent closing price.
Stock Fundamentals for AMCR
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.2 for the gross margin
The net margin for Amcor Plc stands at 0.05. The total capital return value is set at 0.1. Equity return is now at value 18.46, with 4.35 for asset returns.
Based on Amcor Plc (AMCR), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 1.75. The interest coverage ratio of the stock is 6.84.
Currently, EBITDA for the company is 1.93 billion with net debt to EBITDA at 3.85. When we switch over and look at the enterprise to sales, we see a ratio of 1.65. The receivables turnover for the company is 7.39for trailing twelve months and the total asset turnover is 0.83. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.
Conclusion
In a nutshell, Amcor Plc (AMCR) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
