Analysts Set Amcor PLC (NYSE:AMCR) Target Price at $10.84

Shares of Amcor PLC (NYSE:AMCR) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $10.8375.

Several equities research analysts have issued reports on AMCR shares. UBS Group upgraded shares of Amcor from a “neutral” rating to a “buy” rating in a research note on Thursday, June 26th. The Goldman Sachs Group assumed coverage on shares of Amcor in a report on Wednesday, September 10th. They set a “buy” rating on the stock. Wells Fargo & Company lowered their price target on Amcor from $11.00 to $9.00 and set an “overweight” rating for the company in a report on Wednesday, October 15th. Stifel Nicolaus upgraded Amcor from a “hold” rating to a “buy” rating and set a $10.20 price objective on the stock in a research note on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amcor in a research report on Wednesday, October 8th.

Amcor Stock Performance

Shares of NYSE:AMCR opened at $8.15 on Friday. The business has a 50-day moving average of $8.35 and a two-hundred day moving average of $8.98. The firm has a market capitalization of $18.78 billion, a PE ratio of 22.63, a P/E/G ratio of 1.16 and a beta of 0.73. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.21 and a quick ratio of 0.71. Amcor has a 12 month low of $7.81 and a 12 month high of $11.24.

Amcor (NYSE:AMCR) last issued its earnings results on Thursday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The firm had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $5.18 billion. Amcor had a return on equity of 19.43% and a net margin of 3.40%.The firm’s revenue for the quarter was up 43.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 EPS. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. As a group, research analysts forecast that Amcor will post 0.74 earnings per share for the current year.

Amcor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were given a dividend of $0.1275 per share. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend was Friday, September 5th. Amcor’s payout ratio is presently 141.67%.

Insider Activity at Amcor

In other news, Director Stephen E. Sterrett purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average cost of $8.55 per share, with a total value of $85,500.00. Following the transaction, the director owned 10,000 shares in the company, valued at approximately $85,500. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.32% of the company’s stock.

Institutional Trading of Amcor

Several hedge funds have recently bought and sold shares of AMCR. NewSquare Capital LLC grew its stake in shares of Amcor by 377.9% in the second quarter. NewSquare Capital LLC now owns 2,810 shares of the company’s stock worth $26,000 after purchasing an additional 2,222 shares in the last quarter. AdvisorNet Financial Inc grew its position in Amcor by 839.8% in the 2nd quarter. AdvisorNet Financial Inc now owns 3,026 shares of the company’s stock valued at $28,000 after buying an additional 2,704 shares in the last quarter. HM Payson & Co. acquired a new position in Amcor during the 1st quarter valued at about $30,000. Brentview Investment Management LLC bought a new stake in shares of Amcor during the 1st quarter worth about $31,000. Finally, Adirondack Trust Co. bought a new stake in shares of Amcor during the 2nd quarter worth about $29,000. 45.14% of the stock is currently owned by institutional investors.

Amcor Company Profile

Amcor 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.