Amcor PLC (NYSE:AMCR) Given Average Rating of "Moderate Buy" by Analysts

Shares of Amcor PLC (NYSE:AMCR - Get Free Report) have earned an average recommendation of "Moderate Buy" from the fourteen brokerages that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $10.8375.

AMCR has been the topic of a number of analyst reports. JPMorgan Chase & Co. initiated coverage on Amcor in a research report on Friday, September 19th. They issued an "overweight" rating and a $10.00 price target on the stock. UBS Group upgraded Amcor from a "neutral" rating to a "buy" rating in a research report on Thursday, June 26th. Royal Bank Of Canada initiated coverage on Amcor in a research report on Monday, September 22nd. They issued a "sector perform" rating on the stock. Truist Financial set a $11.00 price target on Amcor and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, Robert W. Baird lowered their price target on Amcor from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Friday, August 15th.

Amcor Stock Performance

AMCR opened at $8.14 on Friday. The stock has a market cap of $18.77 billion, a PE ratio of 22.61, a P/E/G ratio of 1.16 and a beta of 0.73. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.18. Amcor has a 1 year low of $7.81 and a 1 year high of $11.33. The stock's 50 day simple moving average is $8.38 and its 200-day simple moving average is $9.00.

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

Amcor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 5th were given a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date was Friday, September 5th. Amcor's dividend payout ratio is 141.67%.

Insider Buying and Selling

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

Hedge Funds Weigh In On Amcor

Institutional investors and hedge funds have recently bought and sold shares of the business. NewSquare Capital LLC boosted its stake in Amcor by 377.9% in the second quarter. NewSquare Capital LLC now owns 2,810 shares of the company's stock worth $26,000 after purchasing an additional 2,222 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in Amcor by 839.8% in the second quarter. AdvisorNet Financial Inc now owns 3,026 shares of the company's stock worth $28,000 after purchasing an additional 2,704 shares in the last quarter. HM Payson & Co. acquired a new position in Amcor in the first quarter worth $30,000. Brentview Investment Management LLC acquired a new position in Amcor in the first quarter worth $31,000. Finally, Adirondack Trust Co. acquired a new position in Amcor in the second quarter worth $29,000. Institutional investors and hedge funds own 45.14% of the company's stock.

About Amcor

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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