NYSE:AMCR Amcor (AMCR) Stock Forecast, Price & News $9.16 -0.01 (-0.11%) (As of 09/29/2023 ET) Add Compare Share Share Today's Range$9.10▼$9.2550-Day Range$9.03▼$10.2652-Week Range$8.94▼$12.78Volume6.59 million shsAverage Volume6.60 million shsMarket Capitalization$13.25 billionP/E Ratio12.90Dividend Yield5.35%Price Target$10.80 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Amcor MarketRank™ ForecastAnalyst RatingReduce1.75 Rating ScoreUpside/Downside17.9% Upside$10.80 Price TargetShort InterestHealthy1.80% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-3.86Upright™ Environmental ScoreNews Sentiment1.04Based on 3 Articles This WeekInsider TradingSelling Shares$282,000 Sold Last QuarterProj. Earnings Growth5.80%From $0.69 to $0.73 Per ShareSee 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.2.35 out of 5 starsIndustrial Products Sector81st out of 181 stocksMiscellaneous Manufacturing Industries Industry7th out of 9 stocks 1.9 Analyst's Opinion Consensus RatingAmcor has received a consensus rating of Reduce. The company's average rating score is 1.75, and is based on 1 buy rating, 1 hold rating, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $10.80, Amcor has a forecasted upside of 17.9% from its current price of $9.16.Amount of Analyst CoverageAmcor has only been the subject of 1 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.80% of the float of Amcor has been sold short.Short Interest Ratio / Days to CoverAmcor has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Amcor has recently decreased by 3.56%, indicating that investor sentiment is improving. Previous Next 5.0 Dividend Strength Dividend LeadershipAmcor is a leading dividend payer. It pays a dividend yield of 5.35%, 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 69.01%. 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 2.8 News and Social Media Coverage News SentimentAmcor has a news sentiment score of 1.04. 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 is a higher news sentiment than the 0.65 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Amcor this week, compared to 3 articles on an average week.Search InterestOnly 9 people have searched for AMCR on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat Follows10 people have added Amcor to their MarketBeat watchlist in the last 30 days. This is an increase of 233% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Amcor insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $282,000.00 in company stock.Percentage Held by InsidersOnly 0.61% of the stock of Amcor is held by insiders.Percentage Held by Institutions49.52% 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 1.9 Earnings and Valuation Earnings GrowthEarnings for Amcor are expected to grow by 5.80% in the coming year, from $0.69 to $0.73 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Amcor is 12.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.13.Price to Earnings Ratio vs. SectorThe P/E ratio of Amcor is 12.90, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 18.76.Price to Earnings Growth RatioAmcor has a PEG Ratio of 6.07. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioAmcor has a P/B Ratio of 3.29. 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 develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. The Flexibles segment provides flexible and film packaging products in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries. The Rigid Packaging segment offers rigid containers for various beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads, and personal care items; and plastic caps for various applications. The company sells its products through its direct sales force. Amcor plc was incorporated in 2018 and is headquartered in Zurich, Switzerland.Read More AMCR Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart AMCR Stock News HeadlinesSeptember 27, 2023 | finance.yahoo.comBoasting A 26% Return On Equity, Is Amcor plc (NYSE:AMCR) A Top Quality Stock?September 14, 2023 | prnewswire.comFood Storage Container Market to grow by USD 12.93 billion from 2022 to 2027 | Accent-Fairchild Group, Amcor Plc, Anchor Glass and Container Corp., among key companies- TechnavioOctober 1, 2023 | Chaikin Analytics (Ad)Buy This Stock for AI Tidal Wave (not NVDA)The internet boom made more millionaires than any tech - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.September 6, 2023 | gurufocus.comAmcor PLC (AMCR): A Deep Dive Into Its Dividend Performance and SustainabilitySeptember 1, 2023 | benzinga.comAmcor: Dividend InsightsAugust 29, 2023 | finance.yahoo.comAmcor launches high-barrier performance paper packaging in North AmericaAugust 16, 2023 | markets.businessinsider.comGoldman Sachs Keeps Their Sell Rating on Amcor (AMCR)August 16, 2023 | finance.yahoo.comAmcor reports fiscal 2023 results and provides outlook for fiscal 2024October 1, 2023 | Chaikin Analytics (Ad)Buy This Stock for AI Tidal Wave (not NVDA)The internet boom made more millionaires than any tech - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.August 15, 2023 | finance.yahoo.comAmcor (AMCR) Inks Deal to Buy India-Based Phoenix FlexiblesAugust 11, 2023 | marketwatch.comAmcor PLC stock falls Friday, underperforms marketAugust 11, 2023 | benzinga.comAmcor Boosts Presence In India Through Phoenix Flexibles BuyoutAugust 9, 2023 | finance.yahoo.comAnalysts Estimate Amcor (AMCR) to Report a Decline in Earnings: What to Look Out forAugust 9, 2023 | finance.yahoo.comAmcor (AMCR) to Report Q4 Earnings: What's in Store?July 25, 2023 | seekingalpha.comAmcor's Headwinds From Inflation And Rising Interest Expenses Are TemporaryJuly 22, 2023 | msn.com3 High-Dividend Stocks to Buy for Steady IncomeJuly 18, 2023 | msn.comAmcor picked as short-term Sell idea at Deutsche BankJune 16, 2023 | finance.yahoo.comImplied Volatility Surging for Amcor (AMCR) Stock OptionsJune 15, 2023 | finance.yahoo.comWith 59% institutional ownership, Amcor plc (NYSE:AMCR) is a favorite amongst the big gunsJune 1, 2023 | finance.yahoo.comThe Returns On Capital At Amcor (NYSE:AMCR) Don't Inspire ConfidenceMay 6, 2023 | finance.yahoo.comEarnings Release: Here's Why Analysts Cut Their Amcor plc (NYSE:AMCR) Price Target To US$10.96May 3, 2023 | finance.yahoo.comAmcor (AMCR) Q3 Earnings In Line With Estimates, View LoweredMay 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 18, 2023 | finance.yahoo.comAmcor to report Third Quarter 2023 Year to Date ResultsMarch 23, 2023 | finance.yahoo.comIf EPS Growth Is Important To You, Amcor (NYSE:AMCR) Presents An OpportunityMarch 2, 2023 | seekingalpha.comAmcor: Shareholder Friendly But OvervaluedSee More Headlines 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 Company Calendar Last Earnings8/16/2023Ex-Dividend for 9/27 Dividend9/06/2023Dividend Payable9/27/2023Today10/01/2023Next Earnings (Estimated)11/07/2023Fiscal Year End6/30/2024Get 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 Phone441179753200Fax920-527-7600Employees41,000Year 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+17.9%Consensus RatingReduce Rating Score (0-4)1.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$0.71 Trailing P/E Ratio12.90 Forward P/E Ratio13.28 P/E Growth6.07Net Income$1.05 billion Net Margins7.14% Pretax Margin8.51% Return on Equity25.98% Return on Assets6.31% Debt Debt-to-Equity Ratio1.63 Current Ratio1.19 Quick Ratio0.69 Sales & Book Value Annual Sales$14.69 billion Price / Sales0.90 Cash Flow$1.14 per share Price / Cash Flow8.03 Book Value$2.78 per share Price / Book3.29Miscellaneous Outstanding Shares1,446,440,000Free Float1,437,615,000Market Cap$13.25 billion OptionableOptionable Beta0.79 Social Links 10 Best Stocks to Own in 2023Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2023 and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Ronald Stephen Delia B.Sc. (Age 52)MBA, MD, CEO & Exec. Director Comp: $4.4MMr. Michael John Casamento BBus (Acct) (Age 52)CPA, GradCert Mktg, MBA, Exec. VP of Fin. & CFO Comp: $2.59MMr. Michael J. Zacka (Age 56)Pres of Amcor Flexibles Europe, Middle East & Africa Comp: $2.97MMr. Eric V. Roegner (Age 53)Pres of Rigid Packaging Comp: $1.71MMr. L. Frederick Stephan (Age 58)Pres of Flexibles North America Comp: $2.06MMr. Jerry S. Krempa (Age 62)VP & Chief Accounting Officer Ms. Tracey WhiteheadHead of Investor RelationsMs. Deborah M. Rasin (Age 56)Exec. VP & Gen. Counsel Ernesto DuranHead of Global CommunicationsDr. Susana Suarez-Gonzalez Ph.D. (Age 53)Exec. VP & Chief HR Officer More ExecutivesKey CompetitorsPackaging Co. of AmericaNYSE:PKGNordsonNASDAQ:NDSNAxon EnterpriseNASDAQ:AXONGracoNYSE:GGGZebra TechnologiesNASDAQ:ZBRAView All CompetitorsInsiders & InstitutionsBarclays PLCBought 1,981,919 shares on 9/21/2023Ownership: 0.223%ST Germain D J Co. Inc.Bought 11,840 shares on 9/7/2023Ownership: 0.001%Manhattan West Asset Management LLCBought 37,841 shares on 9/1/2023Ownership: 0.008%Arun NayarSold 30,000 sharesTotal: $282,000.00 ($9.40/share)California State Teachers Retirement SystemSold 114,592 shares on 8/21/2023Ownership: 0.161%View All Insider TransactionsView All Institutional Transactions AMCR Stock - Frequently Asked Questions Should I buy or sell Amcor stock right now? 4 Wall Street equities research 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 equities research analysts is that investors should "reduce" AMCR shares. View AMCR analyst ratings or view top-rated stocks. What is Amcor's stock price forecast for 2023? 4 analysts have issued 12-month price objectives for Amcor's stock. Their AMCR share price forecasts range from $10.80 to $10.80. On average, they expect the company's stock price to reach $10.80 in the next year. This suggests a possible upside of 17.9% 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 at the beginning of the year. Since then, AMCR stock has decreased by 23.1% and is now trading at $9.16. View the best growth stocks for 2023 here. Are investors shorting Amcor? 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 volume of 7,010,000 shares, the days-to-cover ratio is currently 3.8 days. Approximately 1.9% of the company's stock 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 Tuesday, November 7th 2023. View our AMCR earnings forecast. How were Amcor's earnings last quarter? Amcor plc (NYSE:AMCR) issued its earnings results on Wednesday, August, 16th. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.01. The business earned $3.67 billion during the quarter, compared to analyst estimates of $3.87 billion. Amcor had a trailing twelve-month return on equity of 25.98% and a net margin of 7.14%. How often does Amcor pay dividends? What is the dividend yield for Amcor? Amcor announced a quarterly dividend on Wednesday, August 16th. Shareholders of record on Thursday, September 7th will be given a dividend of $0.1225 per share on Wednesday, September 27th. This represents a $0.49 annualized dividend and a yield of 5.35%. The ex-dividend date is Wednesday, September 6th. 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 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). 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 5.35%. 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. What guidance has Amcor issued on next quarter's earnings? 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 -. 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." 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 $9.16. How much money does Amcor make? Amcor (NYSE:AMCR) has a market capitalization of $13.25 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. How many employees does Amcor have? The company employs 41,000 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. 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