Amcor (NYSE:AMCR) Reaches New 52-Week Low - Here's Why

Key Points

• Amcor PLC's stock reached a new 52-week low, trading as low as $8.15, with a last recorded price of $8.17.
• Despite the recent decline, analysts maintain a consensus rating of "Moderate Buy" with a target price averaging $11.21, supported by several upgrades from different firms.
• The company reported earnings per share of $0.20 for the last quarter, missing estimates, but showed a significant year-over-year revenue increase of 43.8%.

Shares of Amcor PLC (NYSE:AMCR - Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as $8.15 and last traded at $8.17, with a volume of 8540901 shares. The stock had previously closed at $8.25.

Analyst Upgrades and Downgrades

AMCR has been the subject of a number of research reports. JPMorgan Chase & Co. initiated coverage on shares of Amcor in a research note on Friday. They issued an "overweight" rating and a $10.00 price target for the company. Royal Bank Of Canada initiated coverage on shares of Amcor in a research note on Monday. They issued a "sector perform" rating for the company. The Goldman Sachs Group initiated coverage on shares of Amcor in a research note on Wednesday, September 10th. They issued a "buy" rating for the company. UBS Group raised shares of Amcor from a "neutral" rating to a "buy" rating in a research note on Thursday, June 26th. Finally, Truist Financial set a $11.00 price target on shares of Amcor and gave the stock a "buy" rating in a research note on Friday, July 11th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $11.21.

Amcor Stock Down 2.0%

The firm has a market cap of $11.69 billion, a PE ratio of 22.46, a PEG ratio of 1.06 and a beta of 0.72. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.71 and a current ratio of 1.21. The company's 50-day simple moving average is $8.94 and its two-hundred day simple moving average is $9.21.

Amcor (NYSE:AMCR - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). The firm had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $5.18 billion. Amcor had a net margin of 3.40% and a return on equity of 19.43%. The company's quarterly revenue was up 43.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 EPS. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. On average, analysts predict that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 5th will be given a dividend of $0.1275 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.51 annualized dividend and a yield of 6.3%. Amcor's dividend payout ratio is presently 141.67%.

Insiders Place Their Bets

In other news, Director Stephen E. Sterrett purchased 10,000 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was acquired at an average price of $8.55 per share, with a total value of $85,500.00. Following the transaction, the director directly owned 10,000 shares of the company's stock, valued at approximately $85,500. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AMCR. Woodline Partners LP bought a new position in Amcor in the 4th quarter worth $817,000. Voloridge Investment Management LLC bought a new position in Amcor in the 4th quarter worth $4,765,000. GTS Securities LLC raised its holdings in Amcor by 33.9% in the 4th quarter. GTS Securities LLC now owns 23,995 shares of the company's stock worth $226,000 after purchasing an additional 6,074 shares in the last quarter. Forum Financial Management LP increased its stake in shares of Amcor by 288.1% in the 4th quarter. Forum Financial Management LP now owns 57,285 shares of the company's stock worth $539,000 after acquiring an additional 42,524 shares in the last quarter. Finally, Virtue Capital Management LLC increased its stake in shares of Amcor by 2.8% in the 4th quarter. Virtue Capital Management LLC now owns 45,924 shares of the company's stock worth $432,000 after acquiring an additional 1,259 shares in the last quarter. 45.14% of the stock is currently owned by institutional investors.

Amcor Company Profile

Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. The Flexibles segment provides flexible and film packaging products in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries.

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