Amcor (AMCR, Financial) has submitted an automatic shelf registration for a mixed securities offering. This move allows the company flexibility in issuing various types of securities to raise capital. By keeping options open for various financial instruments, Amcor can strategically manage its financial needs and enhance its capital structure. Investors often regard such filings as proactive steps towards strengthening the company's financial position and operational capabilities. This development could potentially offer Amcor opportunities for growth and expansion through accessible capital.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Amcor PLC (AMCR, Financial) is $11.21 with a high estimate of $13.00 and a low estimate of $10.00. The average target implies an upside of 18.77% from the current price of $9.44. More detailed estimate data can be found on the Amcor PLC (AMCR) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Amcor PLC's (AMCR, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Amcor PLC (AMCR, Financial) in one year is $15.47, suggesting a upside of 63.88% from the current price of $9.44. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Amcor PLC (AMCR) Summary page.
