Amcor (NYSE:AMCR) was downgraded by Bank of America from a “impartial” ranking to an “underperform” ranking in a notice issued to traders on Tuesday, The Fly reviews.
AMCR has been the subject of a number of different analysis reviews. BMO Capital Markets raised their price goal on Amcor from $9.00 to $11.00 in a report on Wednesday, August 19th. Zacks Funding Analysis lower Amcor from a “purchase” ranking to a “maintain” ranking in a report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft elevated their goal price on Amcor from $10.00 to $12.00 and gave the corporate a “purchase” ranking in a analysis notice on Friday, August 21st. Needham & Firm LLC lowered Amcor from a “purchase” ranking to a “maintain” ranking in a analysis notice on Tuesday, September eighth. Lastly, Seaport World Securities initiated protection on Amcor in a analysis notice on Wednesday, October 14th. They issued a “impartial” ranking on the stock. Two analysts have rated the stock with a promote ranking, eight have assigned a maintain ranking and one has issued a purchase ranking to the corporate. The stock has a median ranking of “Maintain” and a consensus goal price of $12.32.
Amcor stock opened at $11.57 on Tuesday. The enterprise’s 50-day easy transferring common is $11.33 and its 200 day easy transferring common is $10.71. The stock has a market cap of $18.15 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of two.18 and a beta of 0.79. Amcor has a 12-month low of $5.80 and a 12-month excessive of $12.40. The corporate has a fast ratio of 0.78, a present ratio of 1.27 and a debt-to-equity ratio of 1.34.
Amcor (NYSE:AMCR) final posted its quarterly earnings outcomes on Thursday, November fifth. The corporate reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The enterprise had income of $3.14 billion for the quarter, in comparison with analysts’ expectations of $3.12 billion. Amcor had a return on fairness of 18.75% and a internet margin of 6.00%. The agency’s quarterly income was up 1.4% in comparison with the identical quarter final 12 months. Throughout the identical quarter final 12 months, the enterprise earned $0.13 earnings per share. As a bunch, sell-side analysts anticipate that Amcor will publish 0.71 EPS for the present 12 months.
Hedge funds and different institutional traders have lately added to or diminished their stakes within the firm. CSat Funding Advisory L.P. raised its place in shares of Amcor by 57.1% through the second quarter. CSat Funding Advisory L.P. now owns 2,656 shares of the corporate’s stock worth $27,000 after buying an extra 965 shares through the interval. Harvest Fund Administration Co. Ltd acquired a brand new stake in shares of Amcor through the third quarter worth about $30,000. South State CORP. acquired a brand new stake in shares of Amcor through the third quarter worth about $34,000. Canada Pension Plan Funding Board acquired a brand new stake in shares of Amcor through the second quarter worth about $32,000. Lastly, Freestone Capital Holdings LLC acquired a brand new stake in Amcor within the third quarter valued at roughly $43,000. 30.89% of the stock is at the moment owned by institutional traders.
Amcor Firm Profile
Amcor plc develops, manufactures, and sells varied packaging merchandise for meals, beverage, medical and pharmaceutical, contemporary produce, snack meals, private care, and different industries worldwide. It operates by means of two segments, Flexibles and Inflexible Packaging. The corporate supplies versatile packaging merchandise, inflexible packaging containers, specialty cartons, and closures.
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