With 29.26 million shares changed hands, the volume of the stock remained lighter than its average volume of 37.9 million shares. The 52-week range on AMCR shows that it touched its highest point at $11.48 and its lowest point at $8.37 during that stretch. It currently has a 1-year price target of $11.21. With its current market cap of 21.46 billion, AMCR has annualized dividend of $0.51 while the current yield stands at 5.42%. Beta for the stock currently stands at 0.74.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AMCR was up-trending over the past week, with a rise of 1.53%, but this was down by -0.53% over a month. Three-month performance dropped to -7.82% while six-month performance fell -9.70%. The stock lost -10.22% in the past year, while it has lost -1.06% so far this year. A look at the trailing 12-month EPS for AMCR yields 0.56 with Next year EPS estimates of 0.82. For the next quarter, that number is 0.22. This implies an EPS growth rate of 3.54% for this year and 12.98% for next year. EPS is expected to grow by 9.36% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.70%.
Float and Shares Shorts:
At present, 2.31 billion AMCR shares are outstanding with a float of 2.29 billion shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMCR since 7 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.71017 being high and $0.69017 being low. For AMCR, this leads to a yearly average estimate of $0.70017.
