Amcor (AMCR) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Amcor in the last year. There are currently 2 sell ratings, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" AMCR shares.
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4 brokers have issued 12 month target prices for Amcor's shares. Their AMCR share price forecasts range from $10.80 to $10.80. On average, they predict the company's stock price to reach $10.80 in the next year. This suggests a possible upside of 18.6% from the stock's current price.
View analysts price targets for AMCR or view top-rated stocks among Wall Street analysts.

Amcor's stock was trading at $11.91 at the beginning of 2023. Since then, AMCR shares have decreased by 23.6% and is now trading at $9.1050.
View the best growth stocks for 2023 here.

Amcor saw a increase in short interest in August. As of August 31st, there was short interest totaling 26,940,000 shares, an increase of 7.1% from the August 15th total of 25,150,000 shares. Based on an average daily trading volume, of 7,010,000 shares, the short-interest ratio is currently 3.8 days. Currently, 1.9% of the shares of the stock are short sold.
View Amcor's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our AMCR earnings forecast.

Amcor plc (NYSE:AMCR) posted its quarterly earnings data on Wednesday, August, 16th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.87 billion. Amcor had a net margin of 7.14% and a trailing twelve-month return on equity of 25.98%.

Amcor declared a quarterly dividend on Wednesday, August 16th. Shareholders of record on Thursday, September 7th will be paid a dividend of $0.1225 per share on Wednesday, September 27th. This represents a $0.49 annualized dividend and a dividend yield of 5.38%. The ex-dividend date of this dividend is Wednesday, September 6th.
Read our dividend analysis for AMCR.

ETFs with the largest weight of Amcor (NYSE:AMCR) stock in their portfolio include Invesco MSCI Global Timber ETF (CUT), Invesco S&P 500 Equal Weight Materials ETF (RTM), Invesco S&P 500 Equal Weight Materials ETF (RSPM), WisdomTree U.S. AI Enhanced Value Fund (AIVL), Invesco S&P 500 High Dividend Low Volatility ETF (SPHD), Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD), ALPS Sector Dividend Dogs ETF (SDOG) and Altrius Global Dividend ETF (DIVD).

Amcor (NYSE:AMCR) pays an annual dividend of $0.49 per share and currently has a dividend yield of 5.33%. 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 69.01%. 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.

Amcor updated its FY 2024 earnings guidance on Thursday, August, 17th. The company provided earnings per share (EPS) guidance of $0.67-$0.71 for the period, compared to the consensus earnings per share estimate of $0.73. The company issued revenue guidance of -.

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).

Amcor trades on the New York Stock Exchange (NYSE) under the ticker symbol "AMCR."

Amcor's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.65%), State Street Corp (7.18%), Geode Capital Management LLC (2.12%), Charles Schwab Investment Management Inc. (2.04%), ProShare Advisors LLC (1.06%) and Polaris Capital Management LLC (1.00%). 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 and Ronald Stephen Delia.
View institutional ownership trends.

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.
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One share of AMCR stock can currently be purchased for approximately $9.11.

Amcor (NYSE:AMCR) has a market capitalization of $13.19 billion and generates $14.69 billion in revenue each year. The company earns $1.05 billion in net income (profit) each year or $0.71 on an earnings per share basis.

The company employs 41,000 workers across the globe.

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.