Analysts Set Amcor PLC (NYSE:AMCR) PT at $52.00

Amcor PLC (NYSE:AMCR) has been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $52.00.

A number of research analysts have weighed in on the stock. Robert W. Baird set a $54.00 price objective on shares of Amcor in a research report on Wednesday, February 4th. Morgan Stanley downgraded shares of 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. Truist Financial upped their price objective on shares of Amcor from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Amcor in a research report on Wednesday, April 1st. They issued a “buy” rating and a $50.00 price objective for the company. Finally, Citigroup reiterated a “buy” rating on shares of Amcor in a research report on Thursday, February 12th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Quent Capital LLC acquired a new position in shares of Amcor during the 3rd quarter worth about $27,000. DV Equities LLC acquired a new position in shares of Amcor during the 4th quarter worth about $27,000. Brown Lisle Cummings Inc. raised its position in shares of Amcor by 137.9% during the 4th quarter. Brown Lisle Cummings Inc. now owns 3,450 shares of the company’s stock worth $29,000 after purchasing an additional 2,000 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Amcor by 46.1% during the 4th quarter. Larson Financial Group LLC now owns 3,985 shares of the company’s stock worth $33,000 after purchasing an additional 1,257 shares during the last quarter. Finally, N.E.W. Advisory Services LLC raised its position in shares of Amcor by 10.1% during the 4th quarter. N.E.W. Advisory Services LLC now owns 4,070 shares of the company’s stock worth $34,000 after purchasing an additional 373 shares during the last quarter. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor Trading Down 0.5%

Shares of Amcor stock opened at $40.95 on Friday. The firm has a 50-day simple moving average of $44.12 and a two-hundred day simple moving average of $42.56. The company has a market cap of $18.92 billion, a P/E ratio of 26.77, a price-to-earnings-growth ratio of 0.96 and a beta of 0.71. Amcor has a fifty-two week low of $37.94 and a fifty-two week high of $50.94. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.77 and a current ratio of 1.30.

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

Amcor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Wednesday, February 25th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 6.3%. The ex-dividend date was Wednesday, February 25th. Amcor’s dividend payout ratio is 169.93%.

About Amcor

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.