Amcor (NYSE:AMCR) Raised to Strong-Buy at Baird R W

Amcor (NYSE:AMCR) was upgraded by investment analysts at Baird R W from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

AMCR has been the topic of a number of other reports. Royal Bank Of Canada started coverage on Amcor in a report on Monday, September 22nd. They set a “sector perform” rating on the stock. Morgan Stanley reiterated an “overweight” rating and set a $11.50 price target on shares of Amcor in a research report on Wednesday, November 12th. JPMorgan Chase & Co. started coverage on shares of Amcor in a report on Friday, September 19th. They issued an “overweight” rating and a $10.00 price objective for the company. Truist Financial upped their price objective on shares of Amcor from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, The Goldman Sachs Group started coverage on shares of Amcor in a report on Wednesday, September 10th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $10.67.

Amcor Trading Up 3.2%

Shares of AMCR stock opened at $8.67 on Wednesday. The company has a market capitalization of $19.98 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 0.97 and a beta of 0.68. Amcor has a 52-week low of $7.66 and a 52-week high of $10.45. The business’s fifty day moving average is $8.36 and its 200 day moving average is $8.63. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.62 and a current ratio of 1.04.

Shares of Amcor are scheduled to reverse split on the morning of Thursday, January 15th. The 1-5 reverse split was announced on Thursday, December 11th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, January 14th.

Amcor (NYSE:AMCR) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.77 billion. Amcor had a return on equity of 17.35% and a net margin of 3.34%.Amcor’s revenue was up 71.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 earnings per share. On average, equities research analysts anticipate that Amcor will post 0.74 EPS for the current fiscal year.

Institutional Investors Weigh In On Amcor

Several institutional investors have recently added to or reduced their stakes in AMCR. State Street Corp increased its position in shares of Amcor by 7.2% in the third quarter. State Street Corp now owns 139,077,241 shares of the company’s stock valued at $1,137,652,000 after acquiring an additional 9,375,255 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Amcor by 1.1% during the third quarter. Vanguard Group Inc. now owns 111,490,330 shares of the company’s stock worth $911,991,000 after purchasing an additional 1,262,294 shares during the period. M&G PLC grew its stake in shares of Amcor by 26.6% in the third quarter. M&G PLC now owns 108,333,984 shares of the company’s stock worth $866,672,000 after purchasing an additional 22,737,979 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Amcor by 62.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 80,770,303 shares of the company’s stock valued at $742,279,000 after purchasing an additional 30,938,660 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Amcor by 55.3% during the 2nd quarter. Geode Capital Management LLC now owns 58,845,923 shares of the company’s stock valued at $538,551,000 after purchasing an additional 20,946,520 shares during the period. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Key Stories Impacting Amcor

Here are the key news stories impacting Amcor this week:

• Positive Sentiment: Baird upgraded Amcor from “hold” to “strong-buy,” citing self-help earnings, synergy realization and deleveraging as drivers of upside. Zacks: Baird Upgrade
• Positive Sentiment: Truist raised its price target to $12.00, giving the stock fresh upside vs. recent levels and reinforcing bullish analyst momentum. Truist Price Target
• Positive Sentiment: Citi issued a “buy,” adding to the cluster of buy-side recommendations that are pressuring shares higher. Citi Buy
• Positive Sentiment: Analyst write-ups highlight Amcor as undervalued (example: Seeking Alpha argues ~11x forward earnings), supporting the case for a yield/valuation trade. Seeking Alpha Valuation Note
• Positive Sentiment: TipRanks and other coverage emphasize potential earnings upside from cost savings and deleveraging — a fundamental bull case that supports higher multiples. TipRanks Analysis
• Neutral Sentiment: Coverage roundups (MSN) and market pieces are asking whether Amcor is a top plastics/rubber buy — useful for sentiment but not a direct catalyst. MSN Analyst Roundup
• Neutral Sentiment: Earnings are imminent and consensus expects modest single-digit EPS growth next quarter — the report is a near-term catalyst that could swing the stock either way. Earnings Preview
• Neutral Sentiment: A 1-for-5 reverse split is scheduled for Jan 15; this changes share count and per-share metrics but doesn’t alter fundamentals. (Background disclosure)

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.