Amcor Plc (NYSE: AMCR) is 9.54% higher on its value in year-to-date trading and has touched a low of $8.78 and a high of $11.48 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AMCR stock was last observed hovering at around $10.57 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $10.56, the stock is 2.34% and -2.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.85 million and changing -0.09% at the moment leaves the stock 3.85% off its SMA200. AMCR registered 10.46% gain for a year compared to 6-month gain of 3.73%. The firm has a 50-day simple moving average (SMA 50) of $10.8002 and a 200-day simple moving average (SMA200) of $10.16055.
The stock witnessed a 2.92% loss in the last 1 month and extending the period to 3 months gives it a -6.80%, and is 0.76% 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 1.75% over the week and 2.19% over the month.
Amcor Plc (AMCR) has around 41000 employees, a market worth around $15.26B and $13.55B in sales. Current P/E ratio is 19.91 and Fwd P/E is 13.28. Profit margin for the company is 5.65%. Distance from 52-week low is 20.27% and -8.01% from its 52-week high. The company has generated returns on investments over the last 12 months (6.61%).
with sales reaching $3.34B over the same period.The EPS is expected to grow by 5.28% this year, but quarterly earnings will post 2.15% year-over-year. Quarterly sales are estimated to grow 2.63% in year-over-year returns.
Amcor Plc (AMCR) Top Institutional Holders
The shares outstanding are 1.44B, and float is at 1.44B with Short Float at 1.54%.
The top institutional shareholder in the company is BLACKROCK INC. with over 94.89 million shares valued at $928.02 million. The investor’s holdings represent 6.5941% of the AMCR Shares outstanding. As of 2024-06-30, the second largest holder is STATE STREET CORP with 91.95 million shares valued at $899.3 million to account for 6.3901 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 57.22 million shares representing 3.9761% and valued at over $559.58 million, while M&G PLC holds 3.2776 of the shares totaling 47.16 million with a market value of $471.64 million.
Amcor Plc (AMCR) Insider Activity
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Still, SEC filings show that on Sep 03 ’24, SORRELLS JULIE MARIE (V.P. & CORPORATE CONTROLLER) disposed off 8,000 shares at an average price of $11.37 for $90960.0. The insider now directly holds 38,533 shares of Amcor Plc (AMCR).
