Amcor plc (NYSE:AMCR) has received an average broker rating score of 2.60 (Hold) from the five analysts that provide coverage for the stock, Zacks Investment Research reports. Four equities 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 three months ago as a result of various analysts’ ratings changes.
Brokers have set a twelve-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 related companies.
A number of research analysts have weighed in on AMCR shares. Jefferies Financial Group initiated coverage on shares of Amcor in a report on Tuesday, October 22nd. They issued an “underperform” rating for the company. ValuEngine raised shares of Amcor from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Credit Suisse Group upgraded Amcor from a “neutral” rating to an “outperform” rating in a research report on Monday, November 11th.
Shares of NYSE AMCR traded up $0.11 during midday trading on Friday, reaching $10.18. 6,113,003 shares of the stock were exchanged, compared to its average volume of 5,899,872. The company has a current ratio of 1.19, a quick ratio of 0.70 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $16.62 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 2.19 and a beta of 0.77. The firm has a 50-day moving average price of $9.85. Amcor has a twelve month low of $8.75 and a twelve month high of $11.77.
Amcor (NYSE:AMCR) last posted its earnings results on Thursday, November 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the 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 analyst estimates of $2.65 billion. During the same quarter in the prior year, the firm earned $0.68 earnings per share. The business’s revenue for the quarter was up 38.8% on a year-over-year basis. On average, analysts forecast that Amcor will post 0.63 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Thursday, November 28th will be issued a $0.115 dividend. 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 payout ratio is currently 75.41%.
In related news, insider Louis Fred Stephan sold 69,787 shares of Amcor 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. 0.23% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AMCR. Nisa Investment Advisors LLC acquired a new position in shares of Amcor during the second quarter valued at approximately $182,000. OLD National Bancorp IN acquired a new position in Amcor in the 2nd quarter valued at $173,000. Oregon Public Employees Retirement Fund acquired a new position in Amcor in the 2nd quarter valued at $2,030,000. Cornerstone Advisors Inc. acquired a new position in Amcor in the 2nd quarter valued at $12,383,000. Finally, Gateway Investment Advisers LLC purchased a new position in Amcor in the 2nd quarter valued at $686,000. Hedge funds and other institutional investors own 26.81% of the company’s stock.
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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