Amcor plc [NYSE: AMCR] loss -0.67% or -0.08 points to close at $11.80 with a heavy trading volume of 8492663 shares. The company report on May 5, 2021 that Amcor reports year to date results and raises outlook for fiscal 2021.
Highlights – Nine Months Ended March 31, 2021.
It opened the trading session at $11.84, the shares rose to $11.87 and dropped to $11.72, the range by which the price of stock traded the whole day. The daily chart for AMCR points out that the company has recorded 1.81% gains over the past six months. However, it is still -29.1% lower than its most recent low trading price.
If we look at the average trading volume of 6.43M shares, AMCR reached to a volume of 8492663 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Amcor plc [AMCR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMCR shares is $12.58 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AMCR stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for Amcor plc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 09, 2021. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price from $11 to $13. The new note on the price target was released on February 04, 2021, representing the official price target for Amcor plc stock.
The Average True Range (ATR) for Amcor plc is set at 0.22, with the Price to Sales ratio for AMCR stock in the period of the last 12 months amounting to 1.46. The Price to Book ratio for the last quarter was 3.93, with the Price to Cash per share for the same quarter was set at 0.44. Price to Free Cash Flow for AMCR in the course of the last twelve months was 50.07 with Quick ratio for the last quarter at 0.80.
Trading performance analysis for AMCR stock
Amcor plc [AMCR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.50. With this latest performance, AMCR shares dropped by -0.76% in over the last four-week period, additionally plugging by 1.81% over the last 6 months – not to mention a rise of 15.57% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AMCR stock in for the last two-week period is set at 43.54, with the RSI for the last a single of trading hit 38.58, and the three-weeks RSI is set at 46.74 for Amcor plc [AMCR]. The present Moving Average for the last 50 days of trading for this stock 11.88, while it was recorded at 11.82 for the last single week of trading, and 11.46 for the last 200 days.
Amcor plc [AMCR]: A deeper dive into fundamental analysis
Amcor plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.30.
Amcor plc [AMCR]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Amcor plc posted 0.19/share EPS, while the average EPS was predicted by analysts to be reported at 0.19/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AMCR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Amcor plc go to 8.66%.
An analysis of insider ownership at Amcor plc [AMCR]
There are presently around $6,831 million, or 39.60% of AMCR stock, in the hands of institutional investors. The top three institutional holders of AMCR stocks are: BLACKROCK INC. with ownership of 106,862,313, which is approximately -0.828% of the company’s market cap and around 0.21% of the total institutional ownership; STATE STREET CORP, holding 92,950,333 shares of the stock with an approximate value of $1.1 billion in AMCR stocks shares; and VANGUARD GROUP INC, currently with $660.96 million in AMCR stock with ownership of nearly 1.285% of the company’s market capitalization.
236 institutional holders increased their position in Amcor plc [NYSE:AMCR] by around 48,957,325 shares. Additionally, 215 investors decreased positions by around 30,698,826 shares, while 93 investors held positions by with 499,259,258 shares. The mentioned changes placed institutional holdings at 578,915,409 shares, according to the latest SEC report filing. AMCR stock had 61 new institutional investments in for a total of 8,730,284 shares, while 44 institutional investors sold positions of 3,217,997 shares during the same period.