While Amcor Plc has overperformed by 0.74%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AMCR fell by -2.46%, with highs and lows ranging from $11.48 to $8.78, whereas the simple moving average fell by -7.04% in the last 200 days.
On January 06, 2025, Truist Upgraded Amcor Plc (NYSE: AMCR) to Buy. A report published by Citigroup on January 06, 2025, Upgraded its rating to ‘Buy’ for AMCR. BofA Securities also Upgraded AMCR shares as ‘Buy’, setting a target price of $12.50 on the company’s shares in a report dated December 11, 2024. Stifel initiated its ‘Hold’ rating for AMCR, as published in its report on July 09, 2024. Wells Fargo’s report from June 28, 2024 suggests a price prediction of $9.80 for AMCR shares, giving the stock a ‘Equal Weight’ rating. BofA Securities also rated the stock as ‘Underperform’.
Analysis of Amcor Plc (AMCR)
A return on investment can be expected regardless of AMCR’s performance over the next quarter with the dividend set at $0.50 per share. Further, the quarter-over-quarter decrease in sales is -2.61%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Amcor Plc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and AMCR is recording an average volume of 12.63M. On a monthly basis, the volatility of the stock is set at 1.76%, whereas on a weekly basis, it is put at 1.67%, with a gain of 1.71% over the past seven days. Furthermore, long-term investors anticipate a median target price of $10.94, showing growth from the present price of $9.50, 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?
A leading company in the Packaging & Containers sector, Amcor Plc (AMCR) is based in the United Kingdom. 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 17.91, there is a growth in quarterly earnings of 25.45%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 55.15% 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 55.15% at present.
