In yesterday’s Wall Street session, Amcor Plc (NYSE:AMCR) shares traded at $10.57, down -0.66% from the previous session.
AMCR stock price is now -2.13% away from the 50-day moving average and 4.03% away from the 200-day moving average. The market capitalization of the company currently stands at $15.48B.
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On July 09, 2024, Stifel recently initiated its ‘Hold’ rating on the stock quoting a target price of $10.80, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
In other news, SORRELLS JULIE MARIE, V.P. & CORPORATE CONTROLLER sold 8,000 shares of the company’s stock on Sep 03 ’24. The stock was sold for $90,960 at an average price of $11.37. Upon completion of the transaction, the V.P. & CORPORATE CONTROLLER now directly owns 38,533 shares in the company, valued at $0.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 09 ’24, Director Guerra Karen Jane sold 25,000 shares of the business’s stock. A total of $225,444 was realized by selling the stock at an average price of $9.02. This leaves the insider owning 75,424 shares of the company worth $0.8 million. A total of 0.37% of the company’s stock is owned by insiders.
During the past 12 months, Amcor Plc has had a low of $8.78 and a high of $11.48. As of last week, the company has a debt-to-equity ratio of 1.99, a current ratio of 1.29, and a quick ratio of 0.74. According to the stock market information, the enterprise value for the company is $22759708672, which is based on a 19.92 price-to-earnings ratio, a 2.65 price-to-earnings-growth ratio, and a beta of 0.83. The fifty day moving average price for AMCR is $10.8068 and a two-hundred day moving average price translates $10.15265 for the stock.
The latest earnings results from Amcor Plc (NYSE: AMCR) was released for 2024-09-30. The net profit margin was 5.65% and return on equity was 19.68% for AMCR. The company reported revenue of $3.35 billion for the quarter, compared to $3.44 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.61 percent.
