Truist Financial analyst Michael Roxland reiterated a Hold rating on Amcor (AMCR – Research Report) today and set a price target of $10.00. The company’s shares closed last Friday at $10.01.
Roxland covers the Consumer Cyclical sector, focusing on stocks such as International Paper Co, O-I Glass, and Avery Dennison. According to TipRanks, Roxland has an average return of 6.2% and a 62.39% success rate on recommended stocks.
In addition to Truist Financial, Amcor also received a Hold from Robert W. Baird’s Ghansham Panjabi in a report issued on May 1. However, on the same day, Bank of America Securities assigned a Sell rating to Amcor (NYSE: AMCR).
The company has a one-year high of $10.02 and a one-year low of $8.22. Currently, Amcor has an average volume of 8.61M.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is neutral on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
