Amcor plc [NYSE: AMCR] stock went on an upward path that rose over 1.34% on Friday, amounting to a one-week price increase of more than 8.01%. The company report on May 3, 2022 that Amcor reports strong financial result and raises fiscal 2022 EPS guidance.
March quarter net sales up 16%; Up 5% on a comparable constant currency basis.
March quarter GAAP EPS up 3%; Adjusted EPS up 15% on a comparable constant currency basis.
Over the last 12 months, AMCR stock rose by 2.89%. The one-year Amcor plc stock forecast points to a potential downside of -2.81. The average equity rating for AMCR stock is currently 2.70, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $19.00 billion, with 1.50 billion shares outstanding and 1.50 billion shares in the current float. Compared to the average trading volume of 9.35M shares, AMCR stock reached a trading volume of 16675024 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $12.46 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 2.70. 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.
Truist have made an estimate for Amcor plc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on March 25, 2022. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $13.40 to $12.30. The new note on the price target was released on March 25, 2022, representing the official price target for Amcor plc stock. Previously, the target price had yet another raise to $13.20, while BofA Securities analysts kept a Buy rating on AMCR stock. On August 18, 2021, analysts decreased their price target for AMCR shares from 12 to 11.50.
The Average True Range (ATR) for Amcor plc is set at 0.38, with the Price to Sales ratio for AMCR stock in the period of the last 12 months amounting to 1.35. The Price to Book ratio for the last quarter was 4.26, with the Price to Cash per share for the same quarter was set at 0.73. Price to Free Cash Flow for AMCR in the course of the last twelve months was 99.45 with Quick ratio for the last quarter at 0.80.
AMCR Stock Performance Analysis:
Amcor plc [AMCR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.01. With this latest performance, AMCR shares gained by 11.39% in over the last four-week period, additionally plugging by 5.35% over the last 6 months – not to mention a rise of 2.89% 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 63.88, with the RSI for the last a single of trading hit 65.45, and the three-weeks RSI is set at 62.05 for Amcor plc [AMCR]. The present Moving Average for the last 50 days of trading for this stock 11.59, while it was recorded at 12.45 for the last single week of trading, and 11.86 for the last 200 days.
Insight into Amcor plc Fundamentals:
Amcor plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.40.
AMCR Stock EPS
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 7.67%.
Amcor plc [AMCR] Insider Position Details
There are presently around $7,624 million, or 41.30% of AMCR stock, in the hands of institutional investors. The top three institutional holders of AMCR stocks are: STATE STREET CORP with ownership of 102,172,624, which is approximately -8.522% of the company’s market cap and around 0.25% of the total institutional ownership; BLACKROCK INC., holding 101,926,773 shares of the stock with an approximate value of $1.31 billion in AMCR stocks shares; and VANGUARD GROUP INC, currently with $722.28 million in AMCR stock with ownership of nearly -0.733% of the company’s market capitalization.
256 institutional holders increased their position in Amcor plc [NYSE:AMCR] by around 27,621,240 shares. Additionally, 226 investors decreased positions by around 32,368,869 shares, while 87 investors held positions by with 535,131,387 shares. The mentioned changes placed institutional holdings at 595,121,496 shares, according to the latest SEC report filing. AMCR stock had 75 new institutional investments in for a total of 13,611,520 shares, while 46 institutional investors sold positions of 4,878,109 shares during the same period.