In a report released on August 16, Ghansham Panjabi from Robert W. Baird maintained a Hold rating on Amcor (AMCR – Research Report), with a price target of $11.00. The company’s shares closed last Friday at $9.57.
Panjabi covers the Industrials sector, focusing on stocks such as Avery Dennison, Ball, and Ranpak Holdings. According to TipRanks, Panjabi has an average return of 6.6% and a 57.36% success rate on recommended stocks.
Currently, the analyst consensus on Amcor is a Hold with an average price target of $9.62.
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Based on Amcor’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.67 billion and a net profit of $174 million. In comparison, last year the company earned a revenue of $3.91 billion and had a net profit of $104 million
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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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