Amcor (AMCR) Stock Forecast, Price & News

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.

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.

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.

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.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 16th 2023.
View our AMCR earnings forecast.

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.

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.

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).

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.

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 -.

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 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.

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 $9.97.

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.

The company employs 44,000 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.