Stocks of Amcor Plc (NYSE:AMCR) traded higher last session on Wall Street, up 0.10% to $10.26.
AMCR stock price is now 5.04% away from the 50-day moving average and -0.60% away from the 200-day moving average. The market capitalization of the company currently stands at $14.83B.
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On January 06, 2025, Truist Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $10 to quote $12, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Agarwal Achal, Director bought 20,000 shares of the company’s stock on Feb 18 ’25. The stock was bought for $201,900 at an average price of $10.10. Upon completion of the transaction, the Director now directly owns 58,967 shares in the company, valued at $0.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 19 ’25, Director Agarwal Achal bought 20,000 shares of the business’s stock. A total of $201,893 was incurred on buying the stock at an average price of $10.09. This leaves the insider owning 78,967 shares of the company worth $0.81 million. A total of 0.40% of the company’s stock is owned by insiders.
During the past 12 months, Amcor Plc has had a low of $8.80 and a high of $11.48. As of last week, the company has a debt-to-equity ratio of 1.96, a current ratio of 1.26, and a quick ratio of 0.71.
The net profit margin was 5.87% and return on equity was 20.60% for AMCR. The company reported revenue of $3.24 billion for the quarter, compared to $3.25 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.31 percent. For the current quarter, analysts expect AMCR to generate $3.51B in revenue.
