Amcor (NYSE:AMCR) Given New $50.00 Price Target at Citigroup

Key Points

• Citigroup lowered its Amcor price target from $52 to $50 but maintained a Buy rating, implying 10.49% upside from the prior close.
• Analyst sentiment is moderately positive overall: MarketBeat reports a “Moderate Buy” consensus and a $49.36 average price target.
• Amcor’s latest quarterly results were mixed: earnings per share of $0.95 narrowly missed estimates, while revenue of $6.13 billion exceeded expectations of $5.75 billion.

Amcor (NYSE:AMCR - Get Free Report) had its target price decreased by investment analysts at Citigroup from $52.00 to $50.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Citigroup's target price points to a potential upside of 10.49% from the company's previous close.

A number of other equities analysts have also weighed in on AMCR. JPMorgan Chase & Co. lowered shares of Amcor from an "overweight" rating to a "neutral" rating and boosted their price target for the stock from $44.00 to $47.00 in a research report on Monday, August 17th. Deutsche Bank Aktiengesellschaft downgraded shares of Amcor from a "buy" rating to a "hold" rating in a report on Thursday, November 5th. Wells Fargo & Company raised their target price on shares of Amcor from $43.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Friday, August 14th. Truist Financial boosted their target price on Amcor from $51.00 to $53.00 and gave the stock a "buy" rating in a report on Thursday, November 5th. Finally, Weiss Ratings upgraded Amcor from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $49.36.

Amcor Price Performance

Shares of AMCR traded up $0.12 during trading hours on Tuesday, hitting $45.26. 1,419,281 shares of the stock were exchanged, compared to its average volume of 4,519,825. The stock's 50-day moving average price is $43.97 and its two-hundred day moving average price is $43.18. Amcor has a 12-month low of $36.25 and a 12-month high of $50.94. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.76 and a current ratio of 1.25. The company has a market cap of $20.92 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56.

Amcor (NYSE:AMCR - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.95 earnings per share for the quarter, missing analysts' consensus estimates of $0.96 by ($0.01). Amcor had a net margin of 4.55% and a return on equity of 15.86%. The firm had revenue of $6.13 billion during the quarter, compared to analysts' expectations of $5.75 billion. During the same quarter in the previous year, the business posted $0.11 EPS. Research analysts expect that Amcor will post 2.96 earnings per share for the current year.

Institutional Trading of Amcor

Hedge funds and other institutional investors have recently made changes to their positions in the company. Foresight Capital Management Advisors Inc. purchased a new stake in shares of Amcor during the 3rd quarter worth approximately $25,000. Bangor Savings Bank purchased a new position in shares of Amcor in the 2nd quarter valued at $26,000. Western Wealth Management LLC acquired a new stake in Amcor during the 1st quarter worth $27,000. Palladiem LLC acquired a new stake in Amcor during the 1st quarter worth $34,000. Finally, Fortitude Family Office LLC raised its stake in Amcor by 216.9% during the 3rd quarter. Fortitude Family Office LLC now owns 954 shares of the company's stock worth $40,000 after acquiring an additional 653 shares in the last quarter. Institutional investors and hedge funds own 45.14% of the company's stock.

Amcor Company Profile

Amcor plc is a global packaging company that develops and manufactures packaging for food and beverage, healthcare, personal care, home care and other consumer products. Its offerings include flexible packaging, rigid containers, closures and specialty cartons, as well as packaging materials and services for pharmaceutical and medical applications. The company serves customers across a broad range of international markets. In 2025, Amcor completed its combination with Berry Global, expanding its packaging portfolio and global reach.

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