Amcor (NYSE:AMCR) Upgraded at Stifel Nicolaus

Key Points

• Amcor has been upgraded from a "hold" rating to a "buy" rating by Stifel Nicolaus, with a new price target of $10.20, suggesting a potential upside of 27.01% from its previous close.
• The stock currently has a consensus rating of "Moderate Buy" from analysts, with an average price target of $11.09.
• Amcor reported earnings of $0.20 per share, missing the consensus estimate by $0.01, and revenue of $5.08 billion, compared to expectations of $5.18 billion.

Amcor (NYSE:AMCR - Get Free Report) was upgraded by stock analysts at Stifel Nicolaus from a "hold" rating to a "buy" rating in a report issued on Friday,Briefing.com Automated Import reports. The firm currently has a $10.20 price objective on the stock. Stifel Nicolaus' target price suggests a potential upside of 27.01% from the stock's previous close.

Several other research analysts have also commented on the company. Weiss Ratings reiterated a "hold (c-)" rating on shares of Amcor in a report on Wednesday. Robert W. Baird cut their price objective on Amcor from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Friday, August 15th. Jefferies Financial Group began coverage on Amcor in a research report on Wednesday, July 2nd. They set a "buy" rating and a $12.00 price objective on the stock. The Goldman Sachs Group initiated coverage on shares of Amcor in a research report on Wednesday, September 10th. They issued a "buy" rating on the stock. Finally, JPMorgan Chase & Co. initiated coverage on Amcor in a report on Friday, September 19th. They issued an "overweight" rating and a $10.00 price objective on the stock. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Amcor currently has a consensus rating of "Moderate Buy" and an average price target of $11.09.

Amcor Stock Performance

Shares of AMCR stock traded up $0.21 during trading hours on Friday, hitting $8.03. The company's stock had a trading volume of 4,201,031 shares, compared to its average volume of 27,730,594. Amcor has a 12-month low of $7.81 and a 12-month high of $11.46. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.18. The stock has a market cap of $18.51 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 1.04 and a beta of 0.73. The company has a 50 day moving average of $8.54 and a 200 day moving average of $9.06.

Amcor (NYSE:AMCR - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported $0.20 earnings per share (EPS) 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 return on equity of 19.43% and a net margin of 3.40%.The company's revenue was up 43.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 earnings per share. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. On average, sell-side analysts forecast that Amcor will post 0.74 EPS for the current fiscal year.

Insider Activity at Amcor

In other news, Director Stephen E. Sterrett purchased 10,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of $8.55 per share, with a total value of $85,500.00. Following the purchase, the director directly owned 10,000 shares of the company's stock, valued at $85,500. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.32% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amcor

Institutional investors and hedge funds have recently made changes to their positions in the business. CX Institutional purchased a new stake in Amcor in the 1st quarter valued at approximately $111,000. SG Americas Securities LLC lifted its position in Amcor by 174.3% during the first quarter. SG Americas Securities LLC now owns 149,983 shares of the company's stock worth $1,455,000 after buying an additional 95,314 shares during the period. State of Alaska Department of Revenue raised its stake in Amcor by 51.6% during the second quarter. State of Alaska Department of Revenue now owns 464,293 shares of the company's stock worth $4,266,000 after purchasing an additional 158,082 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Amcor by 71.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,446,429 shares of the company's stock worth $22,483,000 after purchasing an additional 1,019,306 shares during the period. Finally, Sound Income Strategies LLC raised its holdings in shares of Amcor by 54,855.7% in the 2nd quarter. Sound Income Strategies LLC now owns 605,062 shares of the company's stock worth $5,561,000 after purchasing an additional 603,961 shares during the period. 45.14% of the stock is currently owned by hedge funds and other 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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