While Amcor Plc has underperformed by -0.69%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AMCR rose by 4.97%, with highs and lows ranging from $11.48 to $8.78, whereas the simple moving average fell by -0.63% in the last 200 days.
On November 27, 2024, Macquarie Upgraded Amcor Plc (NYSE: AMCR) to Outperform. A report published by Stifel on July 09, 2024, Initiated its previous ‘Hold’ rating for AMCR. Wells Fargo also rated AMCR shares as ‘Equal Weight’, setting a target price of $9.80 on the company’s shares in an initiating report dated June 28, 2024. BofA Securities July 10, 2023d the rating to Underperform on July 10, 2023, and set its price target from $12.40 to $9. JP Morgan May 03, 2023d its ‘Neutral’ rating to ‘Overweight’ for AMCR, as published in its report on May 03, 2023. JP Morgan also rated the stock as ‘Neutral’.
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Analysis of Amcor Plc (AMCR)
With AMCR’s current dividend of $0.50 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter decrease in sales is -2.61%, showing a negative trend in the upcoming months.
Amcor Plc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 19.68% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.74, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and AMCR has an average volume of 10.67M. On a monthly basis, the volatility of the stock is set at 2.36%, whereas on a weekly basis, it is put at 2.46%, with a loss of -4.07% over the past seven days. Furthermore, long-term investors anticipate a median target price of $10.79, showing growth from the present price of $10.13, which can serve as yet another indication of whether AMCR is worth investing in or should be passed over.
How Do You Analyze Amcor Plc Shares?
Packaging & Containers giant Amcor Plc (AMCR) is based in the United Kingdom and is one of the largest companies in the market. When comparing Amcor Plc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 19.10, there is a growth in quarterly earnings of 25.45%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.38%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 55.21% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AMCR shares are owned by institutional investors to the tune of 55.21% at present.
