Citigroup Lowers Amcor (NYSE:AMCR) Price Target to $47.00

Key Points

• Citigroup cut its price target on Amcor from $54 to $47 but kept a buy rating, implying about 17.6% upside from the previous close.
• Other analysts have also adjusted views on the stock, including JPMorgan lowering its target to $44 and Wells Fargo downgrading Amcor to equal weight. The overall consensus remains Moderate Buy with an average price target of $49.56.
• Amcor recently reported quarterly earnings that met EPS estimates and beat revenue expectations, while also setting FY2026 EPS guidance of $3.98–$4.03. The company has also backed shareholder returns with a $0.65 quarterly dividend.

Amcor (NYSE:AMCR - Get Free Report) had its target price reduced by analysts at Citigroup from $54.00 to $47.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. Citigroup's target price would suggest a potential upside of 17.62% from the stock's previous close.

Several other analysts also recently commented on AMCR. JPMorgan Chase & Co. dropped their price objective on shares of Amcor from $50.00 to $44.00 and set an "overweight" rating on the stock in a report on Thursday. Wells Fargo & Company downgraded shares of Amcor from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $48.00 to $43.00 in a report on Friday, March 20th. Robert W. Baird set a $54.00 price objective on shares of Amcor in a report on Wednesday, February 4th. Weiss Ratings downgraded shares of Amcor from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, April 27th. Finally, Morgan Stanley downgraded shares of Amcor from an "overweight" rating to an "equal weight" rating and set a $46.00 price target on the stock. in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $49.56.

Amcor Stock Performance

Amcor stock traded up $0.04 during mid-day trading on Friday, reaching $39.96. 2,468,882 shares of the company traded hands, compared to its average volume of 5,842,157. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.84 and a quick ratio of 0.77. Amcor has a fifty-two week low of $36.67 and a fifty-two week high of $50.94. The company has a market capitalization of $18.46 billion, a price-to-earnings ratio of 27.94, a price-to-earnings-growth ratio of 1.10 and a beta of 0.63. The firm's fifty day moving average is $41.14 and its two-hundred day moving average is $42.50.

Amcor (NYSE:AMCR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.96 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.96. Amcor had a net margin of 3.06% and a return on equity of 14.55%. The business had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same quarter in the prior year, the business posted $0.90 EPS. Amcor's revenue for the quarter was up 77.4% compared to the same quarter last year. Amcor has set its FY 2026 guidance at 3.980-4.030 EPS. On average, equities research analysts expect that Amcor will post 4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amcor

Large investors have recently added to or reduced their stakes in the stock. Dakota Wealth Management raised its position in shares of Amcor by 74.6% in the fourth quarter. Dakota Wealth Management now owns 345,449 shares of the company's stock valued at $2,881,000 after buying an additional 147,639 shares during the last quarter. PFG Investments LLC acquired a new stake in Amcor during the fourth quarter worth about $262,000. Vanguard Group Inc. increased its position in Amcor by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 113,335,957 shares of the company's stock worth $945,222,000 after purchasing an additional 1,845,627 shares during the last quarter. Nordea Investment Management AB increased its position in Amcor by 64.0% during the fourth quarter. Nordea Investment Management AB now owns 242,866 shares of the company's stock worth $2,034,000 after purchasing an additional 94,753 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Amcor by 213.1% during the fourth quarter. GAMMA Investing LLC now owns 126,702 shares of the company's stock worth $1,057,000 after purchasing an additional 86,231 shares during the last quarter. 45.14% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Amcor

Here are the key news stories impacting Amcor this week:

• Positive Sentiment: Amcor reported Q3 results with revenue of $5.91B, beating estimates and raising full‑year guidance; management set FY2026 EPS guidance at $3.98–4.03, supporting the beat‑and‑raise reaction. Read More.
• Positive Sentiment: The board announced a quarterly dividend of $0.65 per share (annualized yield ~6.5%), ex‑dividend May 28 — a material yield that supports income investors and can underpin the stock in a low‑growth environment.
• Positive Sentiment: Truist reaffirmed a "buy" rating and raised its price target to $51 (up from $50), signaling continued analyst conviction and a sizable implied upside from current levels. Read More.
• Positive Sentiment: A recent Seeking Alpha piece argues AMCR is mispriced at multi‑year low forward P/E and highlights the dividend as a reason to wait for upside — a positive narrative that can attract value and income buyers. Read More.
• Neutral Sentiment: JPMorgan lowered its price target from $50 to $44 but kept an "overweight" rating; the cut trims upside expectations but the rating still implies constructive view. Read More.
• Neutral Sentiment: Full earnings call and transcript coverage is available; the transcript provides more color on margin dynamics, pricing and synergies that investors will parse for sustainability of guidance. Read More. | Read More.
• Negative Sentiment: Analyst/call notes flagged strained cash flow despite strong synergy execution — mixed operational cash trends could worry income‑oriented investors given the recently increased dividend. Read More.

Amcor Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.