NYSE:AMCR Amcor (AMCR) Stock Forecast, Price & News $9.97 +0.25 (+2.57%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$9.84▼$10.0050-Day Range$9.64▼$11.3852-Week Range$9.60▼$13.60Volume8.81 million shsAverage Volume7.15 million shsMarket Capitalization$14.67 billionP/E Ratio15.11Dividend Yield4.91%Price Target$10.80 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Amcor MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside8.3% Upside$10.80 Price TargetShort InterestHealthy1.62% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-3.86Upright™ Environmental ScoreNews Sentiment0.66Based on 6 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.83 out of 5 starsIndustrial Products Sector117th out of 175 stocksMiscellaneous Manufacturing Industries Industry7th out of 8 stocks 1.2 Analyst's Opinion Consensus RatingAmcor has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 3 buy ratings, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $10.80, Amcor has a forecasted upside of 8.3% from its current price of $9.97.Amount of Analyst CoverageAmcor has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.62% of the float of Amcor has been sold short.Short Interest Ratio / Days to CoverAmcor has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Amcor has recently decreased by 13.03%, indicating that investor sentiment is improving significantly. Previous Next 5.0 Dividend Strength Dividend LeadershipAmcor is a leading dividend payer. It pays a dividend yield of 4.91%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthAmcor has been increasing its dividend for 40 years.Dividend CoverageThe dividend payout ratio of Amcor is 74.24%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Amcor will have a dividend payout ratio of 67.12% next year. This indicates that Amcor will be able to sustain or increase its dividend. Previous Next 0.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreAmcor has received a -66.67% net impact score from Upright. The largest negative impact of Amcor in category "GHG emissions" seems to be driven mostly by its "Packaging labels", "Plastic cosmetics packages", and "Plastic food packages" products. See details.Environmental SustainabilityThe Environmental Impact score for Amcor is -3.86. Previous Next 2.0 News and Social Media Coverage News SentimentAmcor has a news sentiment score of 0.66. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Amcor this week, compared to 4 articles on an average week.Search InterestOnly 17 people have searched for AMCR on MarketBeat in the last 30 days. This is a decrease of -45% compared to the previous 30 days.MarketBeat FollowsOnly 8 people have added Amcor to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Amcor insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.61% of the stock of Amcor is held by insiders.Percentage Held by Institutions46.79% of the stock of Amcor is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Amcor are expected to remain at $0.73 per share in the coming year.Price to Earnings Ratio vs. the MarketThe P/E ratio of Amcor is 15.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.11.Price to Earnings Ratio vs. SectorThe P/E ratio of Amcor is 15.11, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 14.95.Price to Book Value per Share RatioAmcor has a P/B Ratio of 3.40. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Amcor (NYSE:AMCR) StockAmcor Plc operates as a holding company, which engages in the consumer packaging business. It operates through the Flexibles and Rigid Packaging segments. The Flexibles segment develops and supplies flexible packaging globally. The Rigid Plastics segment manufactures rigid plastic containers and related products. The company was founded 1926 and is headquartered in Warmley, the United Kingdom.Read More Receive AMCR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Amcor and its competitors with MarketBeat's FREE daily newsletter. Email Address AMCR Stock News HeadlinesJune 3, 2023 | marketbeat.comWhen the Market Wiggles, These 5%-13% Yields Don’t WaggleJune 1, 2023 | finance.yahoo.comThe Returns On Capital At Amcor (NYSE:AMCR) Don't Inspire ConfidenceJune 4, 2023 | Legacy Research (Affiliate) (Ad)“One-Stock Millionaire” IGNORES 99.9% of the MarketDuring the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.May 21, 2023 | americanbankingnews.comAmcor plc Declares Quarterly Dividend of $0.12 (NYSE:AMCR)May 21, 2023 | americanbankingnews.comFY2023 EPS Estimates for Amcor plc Cut by Analyst (NYSE:AMCR)May 18, 2023 | americanbankingnews.comAmcor plc (NYSE:AMCR) Receives $10.80 Consensus Price Target from AnalystsMay 6, 2023 | finance.yahoo.comEarnings Release: Here's Why Analysts Cut Their Amcor plc (NYSE:AMCR) Price Target To US$10.96May 6, 2023 | americanbankingnews.comAmcor (NYSE:AMCR) Stock Rating Upgraded by JPMorgan Chase & Co.June 4, 2023 | Legacy Research (Affiliate) (Ad)“Amazon Loophole” could hand you $28,544 in “royalty” payoutsThanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.May 5, 2023 | americanbankingnews.comAmcor (NYSE:AMCR) Releases Quarterly Earnings Results, Hits EstimatesMay 5, 2023 | americanbankingnews.comAmcor (NYSE:AMCR) Stock Rating Upgraded by Jefferies Financial GroupMay 3, 2023 | finance.yahoo.comAmcor (AMCR) Q3 Earnings In Line With Estimates, View LoweredMay 3, 2023 | americanbankingnews.comAnalysts Set Expectations for Amcor plc's Q3 2023 Earnings (NYSE:AMCR)May 2, 2023 | finance.yahoo.comAmcor reports third quarter result and updates fiscal 2023 outlookApril 28, 2023 | finance.yahoo.comAmcor (AMCR) to Report Q3 Earnings: What's in the Offing?April 25, 2023 | americanbankingnews.comAmcor (AMCR) to Release Quarterly Earnings on TuesdayApril 23, 2023 | americanbankingnews.comAnalysts Set Amcor plc (NYSE:AMCR) Target Price at $11.70April 18, 2023 | finance.yahoo.comAmcor to report Third Quarter 2023 Year to Date ResultsMarch 29, 2023 | americanbankingnews.comAmcor plc (NYSE:AMCR) Receives $11.70 Consensus Target Price from AnalystsMarch 23, 2023 | finance.yahoo.comIf EPS Growth Is Important To You, Amcor (NYSE:AMCR) Presents An OpportunityMarch 2, 2023 | seekingalpha.comAmcor: Shareholder Friendly But OvervaluedFebruary 14, 2023 | finance.yahoo.comAmcor to participate in Bank of America Securities Global Agriculture and Materials Conference on March 1, 2023 in Fort LauderdaleFebruary 8, 2023 | seekingalpha.comAmcor declares $0.1225 dividendFebruary 7, 2023 | finance.yahoo.comAmcor reports strong first half and second quarter fiscal 2023 resultJanuary 24, 2023 | prnewswire.comAmcor to report Half Year 2023 resultsJanuary 17, 2023 | seekingalpha.comAmcor acquires Shanghai-based MDKJanuary 5, 2023 | finance.yahoo.comAmcor plc (NYSE:AMCR) is favoured by institutional owners who hold 58% of the companySee More Headlines AMCR Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart AMCR Company Calendar Ex-Dividend for 3/21 Dividend2/28/2023Dividend Payable3/21/2023Last Earnings5/02/2023Ex-Dividend for 6/20 Dividend5/23/2023Today6/04/2023Dividend Payable6/20/2023Fiscal Year End6/30/2023Next Earnings (Estimated)8/16/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Miscellaneous manufacturing industries Sub-IndustryN/A SectorIndustrial Products Current SymbolNYSE:AMCR CUSIPN/A CIK1748790 Webwww.amcor.com Phone441179753200Fax920-527-7600Employees44,000Year Founded1864Price Target and Rating Average Stock Price Forecast$10.80 High Stock Price Forecast$10.80 Low Stock Price Forecast$10.80 Forecasted Upside/Downside+8.3%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$0.66 Trailing P/E Ratio15.11 Forward P/E Ratio13.66 P/E GrowthN/ANet Income$805 million Net Margins6.54% Pretax Margin8.14% Return on Equity27.94% Return on Assets6.77% Debt Debt-to-Equity Ratio1.58 Current Ratio1.27 Quick Ratio0.72 Sales & Book Value Annual Sales$14.54 billion Price / Sales1.01 Cash Flow$1.26 per share Price / Cash Flow7.89 Book Value$2.93 per share Price / Book3.40Miscellaneous Outstanding Shares1,471,440,000Free Float1,462,468,000Market Cap$14.67 billion OptionableOptionable Beta0.81 Social Links Key ExecutivesRonald Stephen DeliaChief Executive Officer, Director & MDMichael John CasamentoChief Financial Officer & Executive VP-FinanceWilliam E. JacksonChief Technology OfficerDeborah M. RasinExecutive Vice President & General CounselSusana Suarez-GonzalezChief Human Resources Officer & Executive VPKey CompetitorsAxon EnterpriseNASDAQ:AXONZebra TechnologiesNASDAQ:ZBRAReliance Steel & AluminumNYSE:RSTenarisNYSE:TSIDEXNYSE:IEXView All CompetitorsInsiders & InstitutionsORG Partners LLCBought 34,176 shares on 6/1/2023Ownership: 0.002%ProShare Advisors LLCBought 192,755 shares on 5/26/2023Ownership: 1.002%Brandywine Global Investment Management LLCBought 716,204 shares on 5/25/2023Ownership: 0.138%Ameriprise Financial Inc.Sold 183,916 shares on 5/22/2023Ownership: 0.038%Raleigh Capital Management Inc.Bought 30,461 shares on 5/22/2023Ownership: 0.008%View All Insider TransactionsView All Institutional Transactions AMCR Stock - Frequently Asked Questions Should I buy or sell Amcor stock right now? 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Amcor in the last year. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" AMCR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AMCR, but not buy additional shares or sell existing shares. View AMCR analyst ratings or view top-rated stocks. What is Amcor's stock price forecast for 2023? 6 equities research analysts have issued 1-year price objectives for Amcor's stock. Their AMCR share price forecasts range from $10.80 to $10.80. On average, they anticipate the company's share price to reach $10.80 in the next twelve months. This suggests a possible upside of 8.3% from the stock's current price. View analysts price targets for AMCR or view top-rated stocks among Wall Street analysts. How have AMCR shares performed in 2023? Amcor's stock was trading at $11.91 on January 1st, 2023. Since then, AMCR shares have decreased by 16.3% and is now trading at $9.97. View the best growth stocks for 2023 here. Are investors shorting Amcor? Amcor saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 23,820,000 shares, a decline of 13.0% from the April 30th total of 27,390,000 shares. Based on an average trading volume of 7,950,000 shares, the days-to-cover ratio is presently 3.0 days. Currently, 1.6% of the company's shares are short sold. View Amcor's Short Interest. When is Amcor's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 16th 2023. View our AMCR earnings forecast. How were Amcor's earnings last quarter? Amcor plc (NYSE:AMCR) issued its quarterly earnings results on Tuesday, May, 2nd. The company reported $0.18 earnings per share for the quarter, meeting analysts' consensus estimates of $0.18. The company earned $3.67 billion during the quarter, compared to the consensus estimate of $3.69 billion. Amcor had a trailing twelve-month return on equity of 27.94% and a net margin of 6.54%. During the same quarter last year, the company earned $0.21 EPS. Read the conference call transcript. How often does Amcor pay dividends? What is the dividend yield for Amcor? Amcor declared a quarterly dividend on Tuesday, May 2nd. Shareholders of record on Wednesday, May 24th will be paid a dividend of $0.1225 per share on Tuesday, June 20th. This represents a $0.49 annualized dividend and a dividend yield of 4.91%. The ex-dividend date is Tuesday, May 23rd. Read our dividend analysis for AMCR. What ETFs hold Amcor's stock? ETFs with the largest weight of Amcor (NYSE:AMCR) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Invesco MSCI Global Timber ETF (CUT), Invesco S&P 500 Equal Weight Materials ETF (RTM), WBI BullBear Yield 3000 ETF (WBIG), Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD), ALPS Sector Dividend Dogs ETF (SDOG), Altrius Global Dividend ETF (DIVD) and Materials Select Sector SPDR Fund (XLB). Is Amcor a good dividend stock? Amcor (NYSE:AMCR) pays an annual dividend of $0.49 per share and currently has a dividend yield of 5.04%. AMCR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 40 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 74.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMCR will have a dividend payout ratio of 67.12% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for AMCR. What guidance has Amcor issued on next quarter's earnings? Amcor issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of $0.72-$0.74 for the period, compared to the consensus earnings per share estimate of $0.77. The company issued revenue guidance of -. What other stocks do shareholders of Amcor own? Based on aggregate information from My MarketBeat watchlists, some companies that other Amcor investors own include AbbVie (ABBV), AT&T (T), Pfizer (PFE), Johnson & Johnson (JNJ), Verizon Communications (VZ), Realty Income (O), Cisco Systems (CSCO), Medtronic (MDT), NVIDIA (NVDA) and Procter & Gamble (PG). What is Amcor's stock symbol? Amcor trades on the New York Stock Exchange (NYSE) under the ticker symbol "AMCR." Who are Amcor's major shareholders? Amcor's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.03%), State Street Corp (7.10%), Geode Capital Management LLC (2.10%), Federated Hermes Inc. (2.02%), Charles Schwab Investment Management Inc. (1.96%) and Price T Rowe Associates Inc. MD (1.31%). Insiders that own company stock include Arun Nayar, Eric V Roegner, Ian Wilson, Julie Marie Sorrells, Louis Fred Stephan, Michael Casamento, Michael J Zacka, Michael J Zacka, Nicholas T Long, Nicholas T Long, Peter Konieczny and Ronald Stephen Delia. View institutional ownership trends. How do I buy shares of Amcor? Shares of AMCR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Amcor's stock price today? One share of AMCR stock can currently be purchased for approximately $9.97. How much money does Amcor make? Amcor (NYSE:AMCR) has a market capitalization of $14.67 billion and generates $14.54 billion in revenue each year. The company earns $805 million in net income (profit) each year or $0.66 on an earnings per share basis. How many employees does Amcor have? The company employs 44,000 workers across the globe. Does Amcor have any subsidiaries? The following companies are subsidiares of Amcor: AFP (Europe), Alusa, Amcor European Holdings Pty. Ltd., Amcor European Investments Holding Limited, Amcor Flexibles Inc, Amcor France SAS, Amcor Group GmbH, Amcor Holdco 3, Amcor Holding, Amcor Holding No 1. Ltd, Amcor Investments Pty. Ltd., Amcor Limited, Amcor Packaging (U.S.A) Inc., Amcor Rigid Packaging USA LLC, Amcor UK Finance PLC, BPI China, Bemis Company, Bemis Wisconsin LLC, Containers Packaging (Europe), Deluxe Packages, Hebei Qite Packing, Murugappa Group, Nampak Flexible, Packaging India Pvt. Ltd., Plastic Moulders Ltd, Sonoco -Plastics Blow Molding, and Zhongshan Tiancai Packing Co..Read More How can I contact Amcor? Amcor's mailing address is 83 TOWER ROAD NORTH, WARMLEY BRISTOL X0, BS30 8XP. The official website for the company is www.amcor.com. The company can be reached via phone at 441179753200, via email at tracey.whitehead@amcor.com, or via fax at 920-527-7600. This page (NYSE:AMCR) was last updated on 6/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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