Amcor plc (NYSE:AMCR) in recent session today was buoying at a fall of -0.4% from its closing price on previous day.
In last 7 days, analysts came adjusting their opinions about stock’s EPS with nil upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review AMCR stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.
According to ratings assigned by 14 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 6 of them are recommending Amcor plc (AMCR) as a Hold, while 6 are in view that stock is a Buy. Recommendation by 1 analysts for the stock is an Outperform while number of those analysts who rated the stock as Underperform is none, whereas 1 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the AMCR stock which is currently positioned at 5.36. It further provides that stock’s current price level is 1.55% away from its 20-day simple moving average and is 3.3% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 55.21 while volatility remained at 2.14% over the past week which changes to 2.28% when measuring it over the past month. Beta is valued at 0, while measure of average true range or ATR is currently at 0.28. In predicting price targets of as low as $9.5 and as high as $13.28, analysts are in agreement on assigning the stock over the next 12 months average price target of $11.68. Stock’s current price level is -15.71% above from estimated low price target while it is 17.83% below the estimated high; and even if the AMCR’s share succeeded to reach the median price of $11.75, then the outlook of +4.26% could come to the excitement of the investors.
In comparing Amcor plc (AMCR)’s stock with other industry players reveals that stock’s latest price change of -0.4% and that of +15.27% over the past 12 months is in competing position with that of Packaging Corp of America (PKG) which saw its stock price raised by 0.32% in the recent trading and went through an increase of 7.91% in past 12-month trading. Industry’s another major player Aptargroup (ATR) has fell -0.16% down in latest trading session, but over the past year has faced a fall of -1.98%, while Berry Global Group (BERY) is also down -0.4% however its price remained floating in the green at 15.27% over the same period. Amcor plc has a P/E ratio of 29.18 against that of Packaging Corp of America’s 20.86 while Aptargroup is showing 38.01 for the same. On the other hand, the S&P 500 Index was down -0.55% in the early deals while the Dow Jones Industrial was dealing lower at -0.21%.