Robert W. Baird analyst Ghansham Panjabi maintained a Hold rating on Amcor (AMCR – Research Report) on May 3 and set a price target of $12.00. The company’s shares closed yesterday at $10.21.
According to TipRanks, Panjabi is a 5-star analyst with an average return of 7.5% and a 59.50% success rate. Panjabi covers the Basic Materials sector, focusing on stocks such as AptarGroup, PPG Industries, and Sonoco Products.
Amcor has an analyst consensus of Moderate Sell, with a price target consensus of $10.15.
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AMCR market cap is currently $15.02B and has a P/E ratio of 15.54.
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Amcor Plc operates as a holding company, which engages in the provision of consumer packaging business. It operates through the Flexibles and Rigid Packaging segments. The Flexibles segment develops and supplies flexible packaging globally. The Rigid Plastics segment manufactures rigid plastic containers and related products. The company was founded on July 31, 2018 and is headquartered in Warmley, the United Kingdom.
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