NYSE:AMCR

Amcor - AMCR Stock Forecast, Price & News

$12.15

+0.05 (+0.41%)

(As of 09/8/2022 11:09 AM ET)

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Today's Range: $11.92
▼
$12.16
50-Day Range: $11.85
▼
$13.29
52-Week Range: $10.66
▼
$13.60

Volume: 147,134 shs
Average Volume: 8.84 million shs
Market Capitalization: $18.09 billion

P/E Ratio: 22.92
Dividend Yield: 4.05%
Price Target: $13.10

Amcor MarketRank™ Forecast

Analyst Rating: Hold
1.83 Rating Score
Upside/Downside: N/A
Short Interest: Healthy
2.25% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -3.86
Upright™ Environmental Score
News Sentiment: 0.02
Based on 42 Articles This Week
Insider Trading: Selling Shares
$15.92 M Sold Last Quarter
Proj. Earnings Growth: 4.94%
From $0.81 to $0.85 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.97 out of 5 stars

Industrial Products Sector

146th out of 179 stocks

Miscellaneous Manufacturing Industries Industry

8th out of 10 stocks

0.9

Analyst's Opinion

Consensus Rating
Amcor has received a consensus rating of Hold. The company's average rating score is 1.83, and is based on 1 buy rating, 3 hold ratings, and 2 sell ratings.
Amount of Analyst Coverage
Amcor has only been the subject of 4 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.25% of the float of Amcor has been sold short.
Short Interest Ratio / Days to Cover
Amcor has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Amcor has recently decreased by 13.11%, indicating that investor sentiment is improving significantly.

4.2

Dividend Strength

Dividend Leadership
Amcor is a leading dividend payer. It pays a dividend yield of 4.05%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Amcor has been increasing its dividend for 39 years.
Dividend Coverage
The dividend payout ratio of Amcor is 90.57%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Amcor will have a dividend payout ratio of 56.47% next year. This indicates that Amcor will be able to sustain or increase its dividend.

0.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Amcor has received a -66.67% net impact score from Upright. The largest negative impact of Amcor in category "GHG emissions" seems to be driven mostly by its "Packaging labels", "Plastic cosmetics packages", and "Plastic food packages" products. See details.
Environmental Sustainability
The Environmental Impact score for Amcor is -3.86.

1.7

News and Social Media Coverage

News Sentiment
Amcor has a news sentiment score of 0.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.40 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 42 news articles for Amcor this week, compared to 5 articles on an average week.
Search Interest
Only 22 people have searched for AMCR on MarketBeat in the last 30 days. This is a decrease of -8% compared to the previous 30 days.
MarketBeat Follows
Only 10 people have added Amcor to their MarketBeat watchlist in the last 30 days. This is a decrease of -9% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Amcor insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $15,924,562.00 in company stock.
Percentage Held by Insiders
Only 0.28% of the stock of Amcor is held by insiders.
Percentage Held by Institutions
47.76% of the stock of Amcor is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Amcor are expected to grow by 4.94% in the coming year, from $0.81 to $0.85 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Amcor is 22.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.70.
Price to Earnings Ratio vs. Sector
The P/E ratio of Amcor is 22.92, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 23.10.
Price to Earnings Growth Ratio
Amcor has a PEG Ratio of 2.35. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Amcor has a P/B Ratio of 4.40. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Amcor (NYSE:AMCR) Stock

Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. The Flexibles segment provides flexible and film packaging products in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries. The Rigid Packaging segment offers rigid containers for a range of beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads, and personal care items; and plastic caps for various applications. The company sells its products primarily through its direct sales force. Amcor plc was incorporated in 2018 and is headquartered in Zürich, Switzerland.

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