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In the latest session, Amcor Plc (NYSE: AMCR) closed at $10.08 up 0.10% from its previous closing price of $10.07. In other words, the price has increased by $0.10 from its previous closing price. On the day, 8.99 million shares were traded. AMCR stock price reached its highest trading level at $10.185 during the session, while it also had its lowest trading level at $10.05.
Ratios:
For a deeper understanding of Amcor Plc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 31.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.13. For the most recent quarter (mrq), Quick Ratio is recorded 0.75 and its Current Ratio is at 1.29. In the meantime, Its Debt-to-Equity ratio is 1.94 whereas as Long-Term Debt/Eq ratio is at 1.91.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Stifel on July 09, 2024, initiated with a Hold rating and assigned the stock a target price of $10.80.
On June 28, 2024, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $9.80.
BofA Securities Downgraded its Buy to Underperform on July 10, 2023, whereas the target price for the stock was revised from $12.40 to $9.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 09 ’24 when Roegner Eric V bought 1,560 shares for $9.10 per share. The transaction valued at 14,197 led to the insider holds 520 shares of the business.
Guerra Karen Jane sold 25,000 shares of AMCR for $225,444 on Feb 09 ’24. The Director now owns 75,424 shares after completing the transaction at $9.02 per share. On Dec 01 ’23, another insider, NAYAR ARUN, who serves as the Director of the company, sold 10,261 shares for $9.39 each. As a result, the insider received 96,351 and left with 52,527 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AMCR now has a Market Capitalization of 14569027584 and an Enterprise Value of 21919979520. As of this moment, Amcor’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.40, and their Forward P/E ratio for the next fiscal year is 13.62. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.06 while its Price-to-Book (P/B) ratio in mrq is 3.69. Its current Enterprise Value per Revenue stands at 1.591 whereas that against EBITDA is 11.728.
Stock Price History:
Over the past 52 weeks, AMCR has reached a high of $10.51, while it has fallen to a 52-week low of $8.45. The 50-Day Moving Average of the stock is 0.92%, while the 200-Day Moving Average is calculated to be 6.56%.
Shares Statistics:
For the past three months, AMCR has traded an average of 9.07M shares per day and 11409940 over the past ten days. A total of 1.45B shares are outstanding, with a floating share count of 1.44B. Insiders hold about 0.35% of the company’s shares, while institutions hold 57.47% stake in the company. Shares short for AMCR as of 1719532800 were 18274803 with a Short Ratio of 2.01, compared to 1717113600 on 20459239. Therefore, it implies a Short% of Shares Outstanding of 18274803 and a Short% of Float of 1.27.
Dividends & Splits
According to the company, the forward annual dividend rate for AMCR is 0.50, from 0.498 in the trailing year. Against a Trailing Annual Dividend Yield of 0.049453825
