Brokerages Set Amcor PLC (NYSE:AMCR) PT at $52.88

Amcor PLC (NYSE:AMCR) has earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $52.8750.

AMCR has been the subject of a number of analyst reports. Wells Fargo & Company raised their price target on Amcor from $9.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. 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 objective on Amcor in a report on Wednesday, February 4th. Truist Financial raised their target price on shares of Amcor from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Amcor in a report on Wednesday, January 21st.

Institutional Investors Weigh In On Amcor

Institutional investors and hedge funds have recently modified their holdings of the company. N.E.W. Advisory Services LLC lifted its stake in Amcor by 10.1% in the 4th quarter. N.E.W. Advisory Services LLC now owns 4,070 shares of the company’s stock valued at $34,000 after purchasing an additional 373 shares during the last quarter. CYBER HORNET ETFs LLC increased its position in Amcor by 11.1% during the fourth quarter. CYBER HORNET ETFs LLC now owns 4,488 shares of the company’s stock worth $37,000 after buying an additional 447 shares during the last quarter. FineMark National Bank & Trust raised its stake in Amcor by 0.6% in the fourth quarter. FineMark National Bank & Trust now owns 80,503 shares of the company’s stock valued at $671,000 after buying an additional 503 shares during the period. United Asset Strategies Inc. raised its stake in Amcor by 1.6% in the fourth quarter. United Asset Strategies Inc. now owns 38,453 shares of the company’s stock valued at $321,000 after buying an additional 597 shares during the period. Finally, Alternative Investment Advisors LLC. lifted its position in shares of Amcor by 6.3% in the fourth quarter. Alternative Investment Advisors LLC. now owns 11,268 shares of the company’s stock valued at $94,000 after buying an additional 671 shares during the last quarter. 45.14% of the stock is owned by institutional investors.

Amcor Trading Down 3.0%

Shares of NYSE:AMCR opened at $38.67 on Tuesday. The company’s 50-day moving average price is $45.27 and its two-hundred day moving average price is $42.71. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.30 and a quick ratio of 0.77. Amcor has a one year low of $38.02 and a one year high of $50.94. The stock has a market capitalization of $17.87 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 0.93 and a beta of 0.65.

Amcor (NYSE:AMCR) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.03. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $5.53 billion. Amcor had a return on equity of 15.57% and a net margin of 3.04%.Amcor’s revenue for the quarter was up 68.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 EPS. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. On average, equities analysts forecast that Amcor will post 0.74 EPS for the current fiscal year.

Amcor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Wednesday, February 25th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend was Wednesday, February 25th. Amcor’s dividend payout ratio (DPR) 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.