Stocks of Amcor Plc (NYSE:AMCR) traded higher last session on Wall Street, up 1.60% to $10.79.
AMCR stock price is now 6.61% away from the 50-day moving average and 12.12% away from the 200-day moving average. The market capitalization of the company currently stands at $15.60B.
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With the price target of $10.80, Stifel recently initiated with Hold rating for Amcor Plc (NYSE: AMCR). On June 28, 2024, Wells Fargo recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $9.80, while ‘BofA Securities’ rates the stock as ‘Underperform’
In other news, Guerra Karen Jane, Director sold 25,000 shares of the company’s stock on Feb 09 ’24. The stock was sold for $225,444 at an average price of $9.02. Upon completion of the transaction, the Director now directly owns 75,424 shares in the company, valued at $0.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 09 ’24, PRESIDENT,AMCOR RIGID PKG Roegner Eric V bought 1,560 shares of the business’s stock. A total of $14,197 was incurred on buying the stock at an average price of $9.10. This leaves the insider owning 520 shares of the company worth $5610.8. A total of 0.44% of the company’s stock is owned by insiders.
During the past 12 months, Amcor Plc has had a low of $8.45 and a high of $10.91. As of last week, the company has a debt-to-equity ratio of 1.88, a current ratio of 1.17, and a quick ratio of 0.69. According to the stock market information, the enterprise value for the company is $22461462528, which is based on a 21.41 price-to-earnings ratio, a 3.97 price-to-earnings-growth ratio, and a beta of 0.86. The fifty day moving average price for AMCR is $10.1368 and a two-hundred day moving average price translates $9.63385 for the stock.
The latest earnings results from Amcor Plc (NYSE: AMCR) was released for 2024-06-30. The net profit margin was 5.32% and return on equity was 18.46% for AMCR. The company reported revenue of $3.54 billion for the quarter, compared to $3.67 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.76 percent.
