Amcor (NYSE:AMCR) Posts Earnings Results

Amcor (NYSE:AMCR) posted its quarterly earnings data on Tuesday. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16, Zacks reports. Amcor had a net margin of 5.68% and a return on equity of 25.60%.

Amcor Stock Down 1.8 %

Shares of NYSE:AMCR opened at $9.55 on Tuesday. The company has a market capitalization of $13.80 billion, a PE ratio of 18.01, a P/E/G ratio of 1.86 and a beta of 0.84. The company has a current ratio of 1.29, a quick ratio of 0.74 and a debt-to-equity ratio of 1.80. Amcor has a twelve month low of $8.78 and a twelve month high of $11.48. The firm has a 50 day simple moving average of $9.80 and a 200-day simple moving average of $10.45.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AMCR shares. Citigroup raised shares of Amcor from a “neutral” rating to a “buy” rating and raised their price objective for the company from $11.00 to $12.00 in a research note on Monday, January 6th. Bank of America raised shares of Amcor from an “underperform” rating to a “buy” rating and set a $12.50 price objective for the company in a research note on Wednesday, December 11th. UBS Group raised shares of Amcor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Macquarie raised shares of Amcor from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company lifted their price target on shares of Amcor from $10.50 to $10.80 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $11.46.

About Amcor

Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. The Flexibles segment provides flexible and film packaging products in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries.