Amcor PLC (NYSE:AMCR) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Amcor PLC has received a consensus recommendation of “Moderate Buy” from twelve brokerages, with nine analysts recommending a buy and three recommending hold.
• The company's quarterly earnings report showed a miss on EPS estimates, with actual earnings of $0.20 per share, compared to the expected $0.21, while revenue increased by 43.8% year-over-year.
• Amcor recently declared a quarterly dividend of $0.1275 per share, representing a 6.2% dividend yield, and has a high payout ratio of 141.67%.

Shares of Amcor PLC (NYSE:AMCR - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $11.2143.

Several analysts have recently issued reports on the stock. UBS Group upgraded shares of Amcor from a "neutral" rating to a "buy" rating in a research report on Thursday, June 26th. Wells Fargo & Company upped their price objective on Amcor from $10.00 to $11.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Royal Bank Of Canada began coverage on Amcor in a research note on Monday. They issued a "sector perform" rating for the company. Truist Financial set a $11.00 target price on Amcor and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, Robert W. Baird decreased their price target on Amcor from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Friday, August 15th.

Amcor Stock Up 0.1%

Shares of AMCR opened at $8.27 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.21 and a quick ratio of 0.71. The stock has a market capitalization of $11.95 billion, a price-to-earnings ratio of 22.96, a price-to-earnings-growth ratio of 1.06 and a beta of 0.72. Amcor has a 1 year low of $8.16 and a 1 year high of $11.48. The business's 50 day simple moving average is $8.94 and its 200-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 business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.18 billion. Amcor had a return on equity of 19.43% and a net margin of 3.40%.The company'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 EPS. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. As a group, equities analysts expect that Amcor will post 0.74 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 5th will be paid a dividend of $0.1275 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.2%. Amcor's payout ratio is currently 141.67%.

Insider Transactions at Amcor

In other Amcor news, Director Stephen E. Sterrett bought 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, for a total transaction of $85,500.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Amcor

Several hedge funds have recently bought and sold shares of AMCR. Vanguard Group Inc. boosted its stake in shares of Amcor by 61.8% during the second quarter. Vanguard Group Inc. now owns 110,228,036 shares of the company's stock valued at $1,012,996,000 after purchasing an additional 42,122,135 shares during the period. State Street Corp lifted its holdings in Amcor by 41.4% during the 2nd quarter. State Street Corp now owns 129,701,986 shares of the company's stock valued at $1,191,961,000 after buying an additional 37,982,310 shares in the last quarter. Norges Bank purchased a new stake in Amcor in the 2nd quarter valued at about $328,839,000. Charles Schwab Investment Management Inc. grew its stake in Amcor by 62.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 80,770,303 shares of the company's stock worth $742,279,000 after acquiring an additional 30,938,660 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Amcor by 55.3% in the 2nd quarter. Geode Capital Management LLC now owns 58,845,923 shares of the company's stock worth $538,551,000 after acquiring an additional 20,946,520 shares in the last quarter. Institutional investors 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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