Amcor Plc (NYSE: AMCR) is -6.10% lower on its value in year-to-date trading and has touched a low of $8.37 and a high of $11.48 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AMCR stock was last observed hovering at around $9.41 in the last trading session, with the day’s gains setting it 0.28%.
Currently trading at $9.69, the stock is 1.96% and 4.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 16.57 million and changing 2.98% at the moment leaves the stock -1.36% off its SMA200. AMCR registered 2.98% gain for a year compared to 6-month loss of -0.10%. The firm has a 50-day simple moving average (SMA 50) of $9.291 and a 200-day simple moving average (SMA200) of $9.8238.
The stock witnessed a 8.03% gain in the last 1 month and extending the period to 3 months gives it a 4.08%, and is 2.65% 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 1.61% over the week and 1.84% over the month.
Amcor Plc (AMCR) has around 41000 employees, a market worth around $22.34B and $13.46B in sales. Current P/E ratio is 17.39 and Fwd P/E is 11.73. Profit margin for the company is 5.98%. Distance from 52-week low is 15.77% and -15.59% from its 52-week high. The company has generated returns on investments over the last 12 months (6.22%).
with sales reaching $5.18B over the same period.The EPS is expected to grow by 3.31% this year, but quarterly earnings will post 10.48% year-over-year. Quarterly sales are estimated to grow 46.42% in year-over-year returns.
Amcor Plc (AMCR) Top Institutional Holders
964.0 institutions hold shares in Amcor Plc (AMCR), with institutional investors hold 45.28% of the company’s shares. The shares outstanding are 2.31B, and float is at 2.30B with Short Float at 2.85%. Institutions hold 45.16% of the Float.
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
Still, SEC filings show that on Mar 03 ’25, Foufopoulos – De Ridder Lucrec (Director) acquired 14,000 shares at an average price of $10.31 for $0.14 million. The insider now directly holds 29,523 shares of Amcor Plc (AMCR).
