Amcor PLC (NYSE:AMCR - Get Free Report) has earned an average rating of "Moderate Buy" from the fourteen analysts that are currently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $52.00.
Several analysts have commented on the stock. Weiss Ratings reissued a "hold (c-)" rating on shares of Amcor in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Amcor in a research report on Wednesday, April 1st. They issued a "buy" rating and a $50.00 target price for the company. Wells Fargo & Company downgraded shares of Amcor from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $48.00 to $43.00 in a report on Friday, March 20th. Morgan Stanley downgraded shares of Amcor from an "overweight" rating to an "equal weight" rating and set a $46.00 price objective for the company. in a report on Wednesday, January 28th. Finally, Truist Financial upped their price objective on shares of Amcor from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Tuesday, January 6th.
Read Our Latest Analysis on AMCR
Amcor Stock Performance
AMCR stock opened at $41.20 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $19.03 billion, a price-to-earnings ratio of 26.93, a P/E/G ratio of 0.98 and a beta of 0.71. Amcor has a 12 month low of $37.94 and a 12 month high of $50.94. The firm has a 50 day moving average of $44.18 and a two-hundred day moving average of $42.52.
Amcor (NYSE:AMCR - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $5.53 billion. Amcor had a net margin of 3.04% and a return on equity of 15.57%. The company's revenue for the quarter was up 68.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 earnings per share. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. As a group, equities analysts anticipate that Amcor will post 0.74 EPS for the current fiscal year.
Amcor Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Wednesday, February 25th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Wednesday, February 25th. Amcor's dividend payout ratio is currently 169.93%.
Institutional Trading of Amcor
Several large investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. boosted its holdings in shares of Amcor by 55.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,307,985 shares of the company's stock worth $10,909,000 after buying an additional 467,065 shares during the period. Alpine Global Management LLC boosted its holdings in shares of Amcor by 13.1% during the 4th quarter. Alpine Global Management LLC now owns 203,131 shares of the company's stock worth $1,694,000 after buying an additional 23,534 shares during the period. MidFirst Bank bought a new stake in shares of Amcor during the 4th quarter worth $148,000. Alternative Investment Advisors LLC. boosted its holdings in shares of Amcor by 6.3% during the 4th quarter. Alternative Investment Advisors LLC. now owns 11,268 shares of the company's stock worth $94,000 after buying an additional 671 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in shares of Amcor by 6.8% during the 4th quarter. Pacer Advisors Inc. now owns 196,252 shares of the company's stock worth $1,637,000 after buying an additional 12,441 shares during the period. 45.14% of the stock is owned by institutional investors.
About Amcor
(
Get Free Report)
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.
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