Amcor's (AMCR) "Hold (C-)" Rating Reiterated at Weiss Ratings

Key Points

• Amcor's stock has been given a "hold (C-)" rating by Weiss Ratings, while other firms have varied opinions, with Wells Fargo and Truist Financial both assigning a price target of $11.00 and a "buy" rating.
• The company's recent earnings report revealed a missed EPS estimate of $0.20 compared to the expected $0.21, while revenue for the quarter was $5.08 billion, falling short of the forecasted $5.18 billion.
• Amcor shares traded at $8.00 with a market capitalization of $18.43 billion, and institutional investors currently hold around 45.14% of the stock.

Amcor (NYSE:AMCR - Get Free Report)'s stock had its "hold (c-)" rating restated by analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other research firms also recently weighed in on AMCR. Wells Fargo & Company lifted their target price on shares of Amcor from $10.00 to $11.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Truist Financial set a $11.00 price target on shares of Amcor and gave the stock a "buy" rating in a report on Friday, July 11th. UBS Group upgraded shares of Amcor from a "neutral" rating to a "buy" rating in a report on Thursday, June 26th. Robert W. Baird decreased their price target on shares of Amcor from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Friday, August 15th. Finally, The Goldman Sachs Group initiated coverage on shares of Amcor in a report on Wednesday, September 10th. They set a "buy" rating for the company. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.21.

Amcor Price Performance

Amcor stock traded up $0.04 during trading hours on Wednesday, hitting $8.00. 4,401,775 shares of the company traded hands, compared to its average volume of 27,870,201. The firm has a market cap of $18.43 billion, a P/E ratio of 22.21, a P/E/G ratio of 1.06 and a beta of 0.73. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.18. The firm's 50-day simple moving average is $8.60 and its two-hundred day simple moving average is $9.08. Amcor has a 1-year low of $7.90 and a 1-year high of $11.46.

Amcor (NYSE:AMCR - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.18 billion. Amcor had a return on equity of 19.43% and a net margin of 3.40%.The business's revenue for the quarter was up 43.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. As a group, analysts forecast that Amcor will post 0.74 earnings per share for the current fiscal year.

Insider Activity at Amcor

In related news, Director Stephen E. Sterrett purchased 10,000 shares of the stock in a transaction dated Tuesday, August 19th. The stock was bought at an average cost of $8.55 per share, with a total value of $85,500.00. Following the purchase, the director directly owned 10,000 shares in the company, valued at $85,500. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amcor

Large investors have recently bought and sold shares of the company. NewSquare Capital LLC boosted its holdings in shares of Amcor by 377.9% in the 2nd quarter. NewSquare Capital LLC now owns 2,810 shares of the company's stock valued at $26,000 after buying an additional 2,222 shares during the last quarter. Rakuten Securities Inc. increased its position in Amcor by 18,725.0% during the 1st quarter. Rakuten Securities Inc. now owns 3,012 shares of the company's stock worth $29,000 after buying an additional 2,996 shares during the period. AdvisorNet Financial Inc increased its position in shares of 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 during the period. HM Payson & Co. bought a new position in shares of Amcor in the first quarter worth $30,000. Finally, Brentview Investment Management LLC bought a new position in shares of Amcor in the first quarter worth $31,000. 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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