Amcor plc (NYSE:AMCR) has received a consensus broker rating score of 2.60 (Hold) from the five brokers that provide coverage for the stock, Zacks Investment Research reports. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Amcor’s rating score has improved by 2.6% in the last 90 days as a result of various analysts’ ratings changes.
Analysts have set a 1-year consensus price objective of $11.20 for the company, according to Zacks. Zacks has also assigned Amcor an industry rank of 203 out of 255 based on the ratings given to its competitors.
Several research firms recently weighed in on AMCR. Jefferies Financial Group began coverage on shares of Amcor in a report on Tuesday, October 22nd. They issued an “underperform” rating on the stock. Credit Suisse Group upgraded shares of Amcor from a “neutral” rating to an “outperform” rating in a report on Monday, November 11th. Finally, ValuEngine upgraded shares of Amcor from a “sell” rating to a “hold” rating in a report on Friday, October 25th.
NYSE:AMCR traded up $0.07 during trading hours on Thursday, hitting $10.02. The company had a trading volume of 4,200,466 shares, compared to its average volume of 7,441,719. The firm has a market cap of $16.12 billion, a P/E ratio of 16.43, a PEG ratio of 2.12 and a beta of 0.75. The company’s 50-day simple moving average is $9.65. Amcor has a 52 week low of $8.75 and a 52 week high of $11.77. The company has a quick ratio of 0.70, a current ratio of 1.19 and a debt-to-equity ratio of 1.09.
Amcor (NYSE:AMCR) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.65 billion. Amcor had a net margin of 4.07% and a return on equity of 18.16%. The business’s revenue was up 38.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 EPS. On average, sell-side analysts forecast that Amcor will post 0.63 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Thursday, November 28th will be issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date is Tuesday, November 26th. Amcor’s dividend payout ratio (DPR) is presently 78.69%.
In other news, insider Louis Fred Stephan sold 69,787 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $10.27, for a total transaction of $716,712.49. Insiders own 0.23% of the company’s stock.
Several hedge funds have recently made changes to their positions in AMCR. Private Trust Co. NA bought a new stake in shares of Amcor during the 2nd quarter valued at $264,000. Investors Research Corp purchased a new position in shares of Amcor in the 2nd quarter worth about $290,000. Cardinal Capital Management purchased a new position in shares of Amcor in the 2nd quarter worth about $143,000. Rowland & Co. Investment Counsel ADV purchased a new position in shares of Amcor in the 2nd quarter worth about $235,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Amcor in the 2nd quarter worth about $202,000. Hedge funds and other institutional investors own 26.88% of the company’s stock.
Amcor Company Profile
Amcor plc develops, manufactures, and sells various packaging products for food, beverage, pharmaceutical, medical, home and personal care, and other products worldwide. It provides flexible packaging products, specialty cartons, plastic bottles and jars, and capsules and closures. The company is based in Bristol, the United Kingdom.
Further Reading: Inverted Yield Curve
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Amcor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amcor and related companies with MarketBeat.com's FREE daily email newsletter.