Amcor plc's (NYSE:AMCR) stake has been reduced by SG Americas Securities LLC, suggesting that it may be undervalued by around 45%. The company has announced changes to its Board of Directors and has demonstrated a solid return on equity of 17%, suggesting effective management. Amcor is considered a noteworthy pick for long-term momentum investing. The stock, indeed, holds popularity among investors with institutional investors now owning around 61% of the firm. It's been given an average recommendation of 'Hold' by analysts, indicating a neutral market sentiment. The company has announced a dividend of $0.125 and the Q4 earnigns have met the estimates while there was an increase Y/Y. Amidst fluctuations, the company's stock has hit a 52-week high, driving investors' interest. Nonetheless, questions about the company's debt utilization have surfaced with some cautioning about investing in the stock ahead of its next dividend due to near term growth prospects. Despite such concerns, new shares have been acquired by multiple wealth management and advisory companies, underlining the continued interest in Amcor's stock. Recent stock sold by SORRELLS JULIE MARIE has also sparked interest.
Amcor Plcs AMCR News Analytics from Fri, 02 Aug 2019 18:20:26 GMT to Sat, 12 Oct 2024 10:31:50 GMT -
Rating 1
- Innovation 5
- Information 6
- Rumor 3
