Amcor (NYSE:AMCR) Stock Price Breaks Below 50 Day Moving Average - Here's What Happened

Key Points

• Amcor shares slipped below their 50-day moving average, reaching $43.77 and last trading at $43.804, down 1.3%.
• Analysts’ consensus was “Moderate Buy,” with a $49.36 price target; recent rating changes included downgrades to neutral or hold.
• Quarterly EPS of $0.95 narrowly missed estimates, while revenue of $6.13 billion exceeded forecasts. Amcor raised its quarterly dividend to $0.66, implying a 6.0% yield, though its payout ratio was 111.59%.

Amcor PLC (NYSE:AMCR - Get Free Report) passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $43.87 and traded as low as $43.77. Amcor shares last traded at $43.8040, with a volume of 2,655,895 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently weighed in on AMCR shares. BMO Capital Markets started coverage on Amcor in a research note on Thursday, July 16th. They issued a "market perform" rating and a $47.00 price objective on the stock. JPMorgan Chase & Co. downgraded Amcor from an "overweight" rating to a "neutral" rating and increased their price target for the company from $44.00 to $47.00 in a report on Monday, August 17th. Deutsche Bank lowered shares of Amcor from a "buy" rating to a "hold" rating in a research report on Thursday, November 5th. UBS Group restated a "buy" rating on shares of Amcor in a research note on Thursday, November 5th. Finally, Wells Fargo & Company boosted their price objective 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. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Amcor has a consensus rating of "Moderate Buy" and a consensus price target of $49.36.

Amcor Stock Down 1.3%

The firm has a 50-day moving average of $43.87 and a two-hundred day moving average of $43.19. The firm has a market cap of $20.25 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 1.87 and a beta of 0.56. The company has a current ratio of 1.40, a quick ratio of 0.83 and a debt-to-equity ratio of 1.24.

Amcor (NYSE:AMCR - Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported $0.95 earnings per share (EPS) 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 15.85%. The business had revenue of $6.13 billion during the quarter, compared to analyst estimates of $5.75 billion. During the same period last year, the business earned $0.11 EPS. As a group, sell-side analysts predict that Amcor PLC will post 3.15 earnings per share for the current fiscal year.

Amcor Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Wednesday, November 25th will be paid a $0.66 dividend. The ex-dividend date is Wednesday, November 25th. This is a positive change from Amcor's previous quarterly dividend of $0.65. This represents a $2.64 annualized dividend and a dividend yield of 6.0%. Amcor's dividend payout ratio is 111.59%.

Hedge Funds Weigh In On Amcor

Large investors have recently bought and sold shares of the stock. Silicon Valley Capital Partners raised its position in shares of Amcor by 27.0% during the second quarter. Silicon Valley Capital Partners now owns 237,654 shares of the company's stock valued at $10,302,000 after buying an additional 50,510 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in Amcor by 219.4% during the second quarter. Concurrent Investment Advisors LLC now owns 64,241 shares of the company's stock worth $2,785,000 after buying an additional 44,125 shares in the last quarter. Dupree Financial Group LLC increased its stake in Amcor by 41.5% during the third quarter. Dupree Financial Group LLC now owns 267,653 shares of the company's stock valued at $11,204,000 after acquiring an additional 78,544 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in Amcor by 8.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 409,627 shares of the company's stock valued at $18,061,000 after acquiring an additional 30,657 shares during the period. Finally, Rakuten Investment Management Inc. bought a new position in Amcor during the third quarter valued at about $3,524,000. 45.14% of the stock is currently owned by institutional investors and hedge funds.

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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