In a report released today, Michael Roxland from Truist Financial reiterated a Hold rating on Amcor (AMCR – Research Report). The company’s shares closed yesterday at $9.38.
According to TipRanks, Roxland is a 4-star analyst with an average return of 8.3% and a 63.27% success rate. Roxland covers the Consumer Cyclical sector, focusing on stocks such as Avery Dennison, International Paper Co, and O-I Glass.
The word on The Street in general, suggests a Hold analyst consensus rating for Amcor with a $9.97 average price target.
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Based on Amcor’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.25 billion and a net profit of $134 million. In comparison, last year the company earned a revenue of $3.64 billion and had a net profit of $459 million
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is neutral on the stock.
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Amcor (AMCR) Company Description:
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.
