Shares of Amcor plc (NYSE:AMCR) have been assigned a consensus broker rating score of 2.60 (Hold) from the five analysts that provide coverage for the company, Zacks Investment Research reports. Four research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. Amcor’s rating score has improved by 2.6% from 90 days ago as a result of a number of analysts’ ratings changes.
Analysts have set a 12-month consensus price objective of $11.20 for the company, according to Zacks. Zacks has also assigned Amcor an industry rank of 187 out of 255 based on the ratings given to its competitors.
AMCR has been the topic of several recent research reports. Credit Suisse Group upgraded shares of Amcor from a “neutral” rating to an “outperform” rating in a research note on Monday, November 11th. Jefferies Financial Group started coverage on shares of Amcor in a research report on Tuesday, October 22nd. They set an “underperform” rating for the company. Finally, ValuEngine raised shares of Amcor from a “sell” rating to a “hold” rating in a report on Friday, October 25th.
In related 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 value of $716,712.49. Insiders own 0.23% of the company’s stock.
Several large investors have recently bought and sold shares of AMCR. Lowe Brockenbrough & Co. Inc. raised its holdings in Amcor by 1.5% in the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 83,761 shares of the company’s stock worth $817,000 after purchasing an additional 1,255 shares during the period. Private Trust Co. NA raised its stake in shares of Amcor by 6.3% during the 3rd quarter. Private Trust Co. NA now owns 24,511 shares of the company’s stock worth $238,000 after buying an additional 1,461 shares during the period. State of Michigan Retirement System raised its stake in shares of Amcor by 0.5% during the 3rd quarter. State of Michigan Retirement System now owns 390,600 shares of the company’s stock worth $3,808,000 after buying an additional 2,000 shares during the period. North Star Investment Management Corp. acquired a new position in shares of Amcor during the 3rd quarter worth approximately $25,000. Finally, QCI Asset Management Inc. NY purchased a new position in shares of Amcor during the 2nd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 26.81% of the company’s stock.
Shares of NYSE:AMCR traded up $0.11 during trading on Friday, hitting $10.18. The stock had a trading volume of 6,113,003 shares, compared to its average volume of 5,899,872. 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 has a 12-month low of $8.75 and a 12-month high of $11.77. The firm has a market capitalization of $16.62 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 2.19 and a beta of 0.77. The business’s 50-day moving average price is $9.85.
Amcor (NYSE:AMCR) last issued its earnings results on Thursday, November 7th. The company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03). Amcor had a net margin of 4.07% and a return on equity of 18.16%. The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the prior year, the company earned $0.68 EPS. Amcor’s quarterly revenue was up 38.8% on a year-over-year basis. Equities research analysts anticipate that Amcor will post 0.63 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Thursday, November 28th will be given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend is Tuesday, November 26th. Amcor’s dividend payout ratio is currently 75.41%.
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.
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