Goldman Sachs analyst Adam Samuelson maintained a Sell rating on Amcor (AMCR – Research Report) yesterday and set a price target of $8.00. The company’s shares closed yesterday at $9.41.
Samuelson covers the Consumer Defensive sector, focusing on stocks such as Cal-Maine Foods, Darling Ingredients, and International Flavors & Fragrances. According to TipRanks, Samuelson has an average return of 7.1% and a 48.15% success rate on recommended stocks.
Amcor has an analyst consensus of Moderate Sell, with a price target consensus of $9.00.
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AMCR market cap is currently $14.2B and has a P/E ratio of 14.68.
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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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