Amcor PLC (NYSE:AMCR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Amcor PLC (NYSE:AMCR) have received an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $52.8750.

A number of brokerages have recently commented on AMCR. Morgan Stanley downgraded Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective for the company. in a research report on Wednesday, January 28th. Robert W. Baird set a $54.00 target price on shares of Amcor in a report on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Amcor in a report on Wednesday, January 21st. Wells Fargo & Company increased their price objective on shares of Amcor from $9.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Finally, Citigroup restated a “buy” rating on shares of Amcor in a report on Thursday, February 12th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. State Street Corp boosted its holdings in Amcor by 1.7% in the fourth quarter. State Street Corp now owns 141,509,581 shares of the company’s stock valued at $1,180,190,000 after purchasing an additional 2,432,340 shares in the last quarter. M&G PLC raised its holdings in Amcor by 6.1% during the fourth quarter. M&G PLC now owns 114,989,595 shares of the company’s stock worth $919,917,000 after purchasing an additional 6,655,611 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Amcor by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 113,335,957 shares of the company’s stock worth $945,222,000 after buying an additional 1,845,627 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Amcor by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 84,095,399 shares of the company’s stock worth $701,356,000 after buying an additional 2,036,667 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Amcor by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 64,202,708 shares of the company’s stock valued at $533,487,000 after buying an additional 262,418 shares in the last quarter. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Amcor Stock Performance

NYSE:AMCR opened at $48.26 on Friday. Amcor has a 52 week low of $38.33 and a 52 week high of $52.25. The company has a fifty day simple moving average of $44.96 and a two-hundred day simple moving average of $42.84. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 1.26. The company has a market cap of $22.30 billion, a price-to-earnings ratio of 31.54, a price-to-earnings-growth ratio of 1.14 and a beta of 0.67.

Amcor (NYSE:AMCR) last released its earnings results on Tuesday, February 3rd. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. Amcor had a return on equity of 15.57% and a net margin of 3.04%.The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $5.53 billion. During the same period last year, the business posted $0.80 earnings per share. Amcor’s revenue was up 68.1% compared to the same quarter last year. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. As a group, equities analysts anticipate that Amcor will post 0.74 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Wednesday, February 25th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Wednesday, February 25th. Amcor’s payout ratio is 169.93%.

Amcor Company Profile

Amcor (NYSE: AMCR) is a global packaging company specializing in the design, development and production of flexible and rigid packaging solutions for food, beverage, pharmaceutical, medical, home and personal care, and other consumer and industrial products. The company’s product portfolio encompasses flexible films, pouches, specialty cartons, rigid containers, metal closures and dispensing systems. Amcor’s packaging solutions are engineered to preserve product quality, extend shelf life and meet the specific requirements of a wide range of end markets.

Founded in its current form in 2005 following a spin-off from a mining conglomerate, Amcor expanded its capabilities and geographic footprint through organic investments and strategic acquisitions.