Amcor plc (AMCR) Looks Ready for Growth Despite 2.03% Change This Year

Amcor plc (NYSE: AMCR) is 2.03% higher on its value in year-to-date trading and has touched a low of $5.80 and a high of $11.59 in the current 52-week trading range. The AMCR stock was last observed hovering at around $11.25 in the last trading session, with the day’s loss setting it -0.19% off its average median price target of $11.70 for the next 12 months. It is also 14.13% off the consensus price target high of $12.88 offered by 15 analysts, but current levels are -16.42% lower than the price target low of $9.50 for the same period.

Currently trading at $11.06, the stock is 0.41% and 3.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.59 million and changing -1.69% at the moment leaves the stock 11.75% off its SMA200. AMCR registered 12.63% gain for a year compared to 6-month gain of 15.33%. The firm has a 50-day simple moving average (SMA 50) of $10.86 and a 200-day simple moving average (SMA200) of $9.61.

The stock witnessed a 7.38% loss in the last 1 month and extending the period to 3 months gives it a 7.07%, and is 1.75% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.67% over the week and 2.07% over the month.

Amcor plc (AMCR) has around 47000 employees, a market worth around $17.13B and $12.47B in sales. Current P/E ratio is 28.51 and Fwd P/E is 14.83. Profit margin for the company is 4.90%. Distance from 52-week low is 90.69% and -4.53% from its 52-week high. The company has generated returns on investments over the last 12 months (7.40%).

Amcor plc (AMCR) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Amcor plc (AMCR) is a “Overweight”. 15 analysts offering their recommendations for the stock have an average rating of 2.60, where 7 rate it as a Hold and 1 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Amcor plc quarterly earnings per share for the current quarter are estimated at $0.15 with sales reaching $3.12B over the same period.The EPS is expected to grow by 6.70% this year, but quarterly earnings will post 0.90% year-over-year. Quarterly sales are estimated to shrink -0.70% in year-over-year returns.

Amcor plc (AMCR) Top Institutional Holders

613 institutions hold shares in Amcor plc (AMCR), with 2.97M shares held by insiders accounting for 0.19% while institutional investors hold 32.88% of the company’s shares. The shares outstanding are 1.57B, and float is at 1.56B with Short Float at 1.95%. Institutions hold 32.81% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 114.82 million shares valued at $1.17 billion. The investor’s holdings represent 7.32% of the AMCR Shares outstanding. As of Jun 29, 2020, the second largest holder is State Street Corporation with 93.18 million shares valued at $951.34 million to account for 5.94% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 57.81 million shares representing 3.69% and valued at over $590.27 million, while Geode Capital Management, LLC holds 1.61% of the shares totaling 25.21 million with a market value of $257.42 million.

Amcor plc (AMCR) Insider Activity

The most recent transaction is an insider sale by Konieczny Peter, the company’s President, Amcor Flexibles. SEC filings show that Konieczny Peter sold 111,241 shares of the company’s common stock on Aug 27 at a price of $11.06 per share for a total of $1.23 million. Following the sale, the insider now owns 0.29 million shares.

Amcor plc disclosed in a document filed with the SEC on Aug 21 that Konieczny Peter (President, Amcor Flexibles) sold a total of 48,989 shares of the company’s common stock. The trade occurred on Aug 21 and was made at $11.25 per share for $0.55 million. Following the transaction, the insider now directly holds 0.24 million shares of the AMCR stock.

Still, SEC filings show that on Mar 16, Roegner Eric V (President,Amcor Rigid Plastics) acquired 1,600 shares at an average price of $5.93 for $9493.0. The insider now directly holds 1,100 shares of Amcor plc (AMCR).