Amcor PLC (NYSE:AMCR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Amcor PLC (NYSE:AMCR) have earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $49.5556.

A number of equities research analysts have commented on AMCR shares. Truist Financial reaffirmed a “buy” rating and issued a $51.00 target price (up from $50.00) on shares of Amcor in a research report on Thursday. Deutsche Bank Aktiengesellschaft began coverage on Amcor in a research note on Wednesday, April 1st. They issued a “buy” rating and a $50.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on Amcor from $50.00 to $44.00 and set an “overweight” rating on the stock in a research note on Thursday. Robert W. Baird set a $54.00 price target on Amcor in a research note on Wednesday, February 4th. Finally, Wells Fargo & Company downgraded Amcor from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $48.00 to $43.00 in a research note on Friday, March 20th.

Key Amcor News

Here are the key news stories impacting Amcor this week:

• Positive Sentiment: Amcor said revenue topped expectations and raised its full-year guidance, which helped spark buying interest and suggests operating trends are improving. Amcor (AMCR) rises after revenue beat and higher full-year guidance
• Positive Sentiment: Several Wall Street firms remained constructive after the report: Citigroup kept a buy rating, JPMorgan held an overweight view, and Truist reaffirmed a buy rating with a slightly higher target, reinforcing a favorable analyst backdrop. Analyst rating updates
• Positive Sentiment: Amcor also announced a quarterly dividend of $0.65 per share, supporting the stock’s appeal for income-focused investors with a roughly 6.5% annualized yield.
• Neutral Sentiment: An earnings-call summary noted strong synergy progress but some cash flow strain, indicating execution remains important even after the upbeat quarter. Amcor Earnings Call: Synergies Strong, Cash Flow Strained
• Neutral Sentiment: One Seeking Alpha piece argued Amcor looks inexpensive on a forward P/E basis and highlighted the dividend as a reason to wait, which supports valuation but does not point to a major near-term catalyst. Amcor: Mispriced At Multi-Year Low Forward P/E With A Dividend That Pays To Wait
• Negative Sentiment: Despite the positive tone, Citigroup and JPMorgan both lowered price targets, suggesting analysts see a bit less upside than before even while maintaining bullish ratings. Price target reductions

Amcor Price Performance

Shares of NYSE AMCR opened at $39.96 on Wednesday. Amcor has a twelve month low of $36.67 and a twelve month high of $50.94. The firm has a market cap of $18.47 billion, a P/E ratio of 27.94, a PEG ratio of 1.21 and a beta of 0.63. The company has a 50 day moving average of $41.14 and a 200 day moving average of $42.50. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 1.30.

Amcor (NYSE:AMCR) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.96 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.96. Amcor had a net margin of 3.06% and a return on equity of 14.55%. The company had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.71 billion. During the same period in the previous year, the business earned $0.90 EPS. The firm’s revenue for the quarter was up 77.4% on a year-over-year basis. Amcor has set its FY 2026 guidance at 3.980-4.030 EPS. As a group, research analysts expect that Amcor will post 3.97 EPS for the current fiscal year.

Amcor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Thursday, May 28th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Thursday, May 28th. Amcor’s dividend payout ratio (DPR) is 181.82%.

Hedge Funds Weigh In On Amcor

A number of institutional investors and hedge funds have recently modified their holdings of AMCR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Amcor by 8.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 268,381 shares of the company’s stock worth $2,596,000 after buying an additional 20,757 shares during the last quarter. Focus Partners Wealth increased its stake in shares of Amcor by 11.3% in the 1st quarter. Focus Partners Wealth now owns 43,137 shares of the company’s stock worth $418,000 after purchasing an additional 4,396 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Amcor in the 2nd quarter worth $138,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Amcor in the 2nd quarter worth $6,426,000. Finally, CW Advisors LLC purchased a new stake in shares of Amcor in the 2nd quarter worth $228,000. 45.14% of the stock is currently owned by hedge funds and other institutional investors.

About Amcor

Amcor (NYSE: AMCR) is a global packaging company specializing in the design, development and production of flexible and rigid packaging solutions for food, beverage, pharmaceutical, medical, home and personal care, and other consumer and industrial products. The company’s product portfolio encompasses flexible films, pouches, specialty cartons, rigid containers, metal closures and dispensing systems. Amcor’s packaging solutions are engineered to preserve product quality, extend shelf life and meet the specific requirements of a wide range of end markets.

Founded in its current form in 2005 following a spin-off from a mining conglomerate, Amcor expanded its capabilities and geographic footprint through organic investments and strategic acquisitions.