Positive Report for Amcor PLC Shs Chess Depository Interests (AMC) from Morgans
TipRanks (Sun, 4-May 8:05 PM ET)
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Jefferies Remains a Buy on Amcor PLC Shs Chess Depository Interests (AMC)
TipRanks (Sun, 4-May 8:15 AM ET)
J.P. Morgan Remains a Buy on Amcor PLC Shs Chess Depository Interests (AMC)
TipRanks (Fri, 2-May 8:25 AM ET)
TipRanks (Fri, 2-May 8:21 AM ET)
Truist Financial Sticks to Their Buy Rating for Amcor (AMCR)
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Amcor GAAP EPS of $0.14 misses by $0.01, revenue of $3.33B misses by $140M
Seeking Alpha News (Wed, 30-Apr 5:07 PM ET)
Amcor is a global producer of plastic packaging primarily for the fast-moving consumer goods industry. About 90% of earnings are exposed to the flexible packaging business. This is soft disposable plastic for a variety of food, drink, healthcare, and hygiene products. The remainder of earnings are from the Latin and North American rigids business, which is primarily beverage bottling for the soft drink industry. Operating in more than 35 countries, Amcor has market share in its established regions of North America, Latin America, Europe, and Asia-Pacific. About half of group sales are derived from North America and the remainder is split equally between Western Europe and emerging markets. Australia and New Zealand sales make up less than 5% of group sales.
Amcor PLC trades on the NYSE stock market under the symbol AMCR.
As of May 5, 2025, AMCR stock price declined to $9.31 with 31,675,144 million shares trading.
AMCR has a beta of 0.31, meaning it tends to be less sensitive to market movements. AMCR has a correlation of 0.06 to the broad based SPY ETF.
AMCR has a market cap of $21.33 billion. This is considered a Large Cap stock.
Last quarter Amcor PLC reported $3 billion in Revenue and $.18 earnings per share. This fell short of revenue expectation by $-120 million and met earnings estimates .
In the last 3 years, AMCR traded as high as $13.61 and as low as $8.37.
The top ETF exchange traded funds that AMCR belongs to (by Net Assets): VOO, SCHD, SPY, IVV, NOBL.
AMCR has underperformed the market in the last year with a price return of -0.6% while the SPY ETF gained +13.0%. However, in the short term, AMCR had mixed performance relative to the market. It has outperformed in the last 3 months, returning -2.9% vs -6.1% return in SPY. But in the last 2 weeks, AMCR shares have been beat by the market, returning -0.9% compared to an SPY return of +7.0%.
AMCR support price is $9.12 and resistance is $9.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMCR shares will trade within this expected range on the day.