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AMCR

CONSUMER CYCLICAL

Amcor PLC

AI Stock Analysis· Neutral
Jun 22 · 8:14 PM ET

Amcor PLC (AMCR) is currently trading at $40.68, reflecting a slight decline of 0.97% today. The stock exhibits a Relative Strength Index (RSI) of 57.2, indicating that it is neither overbought nor oversold. The short-term moving average (SMA20) is positioned at $39.26, while the SMA50 and SMA200 are at $39.25 and $41.62, respectively. The MACD shows a positive momentum at 0.55, with a signal line at 0.24 and a histogram of 0.31, suggesting bullish sentiment. Overall, the technical indicators suggest a stable price action, with potential upward momentum if the stock can break above the SMA200.

From a fundamental perspective, Amcor's market capitalization stands at $18.99 billion, with a price-to-earnings (P/E) ratio of 33.1 and a forward P/E of 10.3, indicating a significant gap between current earnings and projected growth. The earnings per share (EPS) is $1.24, but it has seen a quarter-over-quarter decline of 11.7%, which raises concerns about profitability. Conversely, revenue growth has soared by 77.4% quarter-over-quarter, although year-over-year growth figures are not available. Analysts maintain a consensus rating of "BUY," with one strong buy, seven buys, and four holds, which aligns with a target price of $48.21, suggesting considerable upside potential relative to the current price.

Earnings are not scheduled within the next 30 days, which limits immediate catalysts for price movement. However, Amcor's recent news highlights strong demand for defensive packaging, evidenced by their selection by meat processor Barra Mansa for vacuum sealing systems. This contract could serve as a significant growth driver, particularly as the demand for packaging solutions continues to rise. Investors should monitor the impact of the recent EPS decline and how it might affect future growth expectations, alongside any developments in margin performance as the company navigates its strategic initiatives. The upcoming quarters will be crucial for assessing whether revenue growth can translate into improved profitability.

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52-Week Range

$35.66$49.46

$40.77

Fundamentals

Market Cap$18.8B
P/E Ratio32.8
EPS$1.24
Dividend Yield6.30%
Dividend / Share$2.59
ROE8.7%
Profit Margin3.1%
Debt / Equity

Trading

Volume391K
Avg Volume (10D)
Shares Outstanding462.3M

AMCR News

128 articles

Price Data

Open$40.16
Previous Close$40.68
Day High$40.93
Day Low$40.08
52 Week High$49.46
52 Week Low$35.66

About Amcor PLC

Amcor plc is an Australian-American, UK-domiciled packaging company. It develops and produces flexible packaging, rigid containers, specialty cartons, closures and services for food, beverage, pharmaceutical, medical-device, home and personal-care, and other products.

77.0K employees
Listed June 11, 2019
CONSUMER CYCLICALPACKAGING & CONTAINERS

Company Details

Security TypeCommon Stock
ExchangeNYSE
CurrencyUSD
Round Lot
SICPACKAGING & CONTAINERS
CIK
Composite FIGI
Share Class FIGI