JPMorgan Chase & Co. Cuts Amcor (NYSE:AMCR) Price Target to $44.00

Amcor (NYSE:AMCR) had its price target trimmed by JPMorgan Chase & Co. from $50.00 to $44.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other research analysts have also issued research reports about the stock. Citigroup reiterated a “buy” rating on shares of Amcor in a research note on Thursday, February 12th. Robert W. Baird set a $54.00 price target on shares of Amcor in a research note on Wednesday, February 4th. Morgan Stanley lowered shares of Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price target on the stock. in a research note on Wednesday, January 28th. Weiss Ratings lowered shares of Amcor from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. Finally, Wells Fargo & Company lowered shares of Amcor from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $48.00 to $43.00 in a research note on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $49.56.

Amcor Stock Up 0.1%

Shares of AMCR stock opened at $39.96 on Thursday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.77 and a current ratio of 0.84. The firm’s 50-day moving average is $41.14 and its 200-day moving average is $42.50. The stock has a market cap of $18.46 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 1.20 and a beta of 0.63. Amcor has a 52-week low of $36.67 and a 52-week high of $50.94.

Amcor (NYSE:AMCR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.96 EPS for the quarter, meeting analysts’ consensus estimates of $0.96. Amcor had a net margin of 3.06% and a return on equity of 14.55%. The business had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same quarter in the prior year, the business earned $0.90 EPS. Amcor’s quarterly revenue was up 77.4% on a year-over-year basis. Amcor has set its FY 2026 guidance at 3.980-4.030 EPS. Sell-side analysts predict that Amcor will post 3.97 EPS for the current year.

Amcor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Thursday, May 28th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Thursday, May 28th. Amcor’s dividend payout ratio is presently 181.82%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. AdvisorNet Financial Inc acquired a new position in shares of Amcor during the 1st quarter worth approximately $25,000. Palladiem LLC acquired a new position in shares of Amcor during the 1st quarter worth approximately $34,000. Root Financial Partners LLC acquired a new position in shares of Amcor during the 1st quarter worth approximately $41,000. American Capital Advisory LLC acquired a new position in shares of Amcor during the 1st quarter worth approximately $44,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Amcor during the 1st quarter worth approximately $49,000. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor News Summary

Here are the key news stories impacting Amcor this week:

• Positive Sentiment: Amcor said revenue topped expectations and raised its full-year guidance, which helped spark buying interest and suggests operating trends are improving. Amcor (AMCR) rises after revenue beat and higher full-year guidance
• Positive Sentiment: Several Wall Street firms remained constructive after the report: Citigroup kept a buy rating, JPMorgan held an overweight view, and Truist reaffirmed a buy rating with a slightly higher target, reinforcing a favorable analyst backdrop. Analyst rating updates
• Positive Sentiment: Amcor also announced a quarterly dividend of $0.65 per share, supporting the stock’s appeal for income-focused investors with a roughly 6.5% annualized yield.
• Neutral Sentiment: An earnings-call summary noted strong synergy progress but some cash flow strain, indicating execution remains important even after the upbeat quarter. Amcor Earnings Call: Synergies Strong, Cash Flow Strained
• Neutral Sentiment: One Seeking Alpha piece argued Amcor looks inexpensive on a forward P/E basis and highlighted the dividend as a reason to wait, which supports valuation but does not point to a major near-term catalyst. Amcor: Mispriced At Multi-Year Low Forward P/E With A Dividend That Pays To Wait
• Negative Sentiment: Despite the positive tone, Citigroup and JPMorgan both lowered price targets, suggesting analysts see a bit less upside than before even while maintaining bullish ratings. Price target reductions

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.