The stock of Amcor plc (NYSE:AMCR) increased by $0.11 on Monday to finish at $9.53, up 1.17 percent. The last five days have seen an average of 5,453,180 shares of common stock traded. 4 times new highs were reached in the current year, with a fall of -$2.38. The average number of shares traded over the last 20 days was 7,234,070, while the average volume over the last 50 days totaled 7,141,396.
AMCR stock dropped -6.75% since last month. On 08/17/23, the company’s shares reached a one-month low of $9.25. The stock touched a high of $12.96 on 01/09/23, after rallying from a low of $9.25 in 52 weeks. The price of AMCR stock has declined by -19.98% or -$2.38 this year, reaching a new high 4 times. Still, the stock price is down -26.47% from the 52-week high.
Insider Transactions
AMCR stock investors should be aware that Amcor plc (AMCR) stock had its last reported insider trading activity 6 days ago on Aug 23. On Aug 23, Director NAYAR ARUN sold 30,000 shares at $9.40 each. This transaction resulted in the insider making $282,026. On Dec 12, NAYAR ARUN sold 5,648 shares at a price of US$12.39. After the transaction, the insider now owns 75,072 shares. Director Long Nicholas T. had earlier sold 5,372 shares on Dec 12 for $12.40 a share. The transaction was completed for $66,622.
Valuation Metrics
Amcor plc (AMCR) has a trailing price-to-earnings (P/E) ratio of 13.54. Beta for the stock is 0.87. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.94, the price-to-book (PB) ratio of 3.44, and the price-to-cash flow ratio of 18.74.
Company paid $0.1225 per share in dividends, remained unchanged from $0.1225 last year.
Financial Health
For the three months ended June 29, Amcor plc’s quick ratio was 0.70, while its current ratio was 1.20, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.65, and the total debt to equity ratio is 1.68. As far as profitability goes, gross margin for the trailing twelve months is 18.50% percent. Amcor plc’s operating margin stood at 10.30% for the same period. Based on annual data, it had gross profit of $2.73 billion and revenue of $14.69 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AMCR’s return on assets (ROA) during the last 12 months has been 6.00%. There was a 12.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 25.20%.
Earnings Surprise
According to Amcor plc’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.67 billion, while revenues fell by -6.43% to $3.67 billion. It was predicted that Amcor plc’s quarterly earnings would be $0.19, but it ended up being $0.18, beating the consensus by 5.60%. EBITDA was $486.0 million for the quarter. At the end of Amcor plc’s most recent quarter ended June 29, its liabilities totaled 12.91 billion, while its total debt was $7.41 billion. Equity owned by shareholders amounts to $1.45 billion.
Technical Picture
Here’s a quick look at Amcor plc’s (AMCR) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 46.67%, suggesting the stock is Neutral, with a 15.95% historical volatility rate.
The stochastic %K and %D were 33.89% and 24.20% respectively, while the average true range (ATR) was 0.18. Based on the 14-day stochastic reading of 49.12%, the RSI (14) reading is 43.60%. On the 9-day MACD Oscillator, the stock is at 0.00, and the 14-day reading is at -0.07.
Analyst Ratings
Amcor plc (NYSE: AMCR) was downgraded by BofA Securities to a an Underperform rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Amcor plc (AMCR) an Hold rating. AMCR is a stock that is recommended for selling by 2 brokerage firms, while 13 companies recommend holding. The stock is underweighted by 2 analysts. Among the analysts who rate the stock, 1 rate it overweight and 1 other recommend it as a buy.
What is AMCR’s price target for the next 12 months?
The current consensus forecast for the stock is between $8.75 and $11.00, with a median target price of $9.72. In analyzing these forecasts, the average price target given by analysts for Amcor plc (AMCR) is $9.78.
