Truist Financial Lowers Amcor (NYSE:AMCR) Price Target to $50.00

Amcor (NYSE:AMCR) had its price target dropped by equities research analysts at Truist Financial from $60.00 to $50.00 in a note issued to investors on Wednesday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target indicates a potential upside of 24.52% from the stock’s current price.

AMCR has been the topic of a number of other research reports. Citigroup reissued a “buy” rating on shares of Amcor in a report on Thursday, February 12th. Morgan Stanley lowered Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective on the stock. in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amcor in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft assumed coverage on Amcor in a report on Wednesday, April 1st. They issued a “buy” rating and a $50.00 target price on the stock. Finally, Wells Fargo & Company lowered Amcor from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $48.00 to $43.00 in a report on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $50.89.

Amcor Stock Performance

Shares of NYSE AMCR opened at $40.15 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.77 and a current ratio of 1.30. The firm has a market cap of $18.55 billion, a price-to-earnings ratio of 26.24, a P/E/G ratio of 0.95 and a beta of 0.71. The business’s 50-day simple moving average is $43.75 and its 200-day simple moving average is $42.54. Amcor has a 52 week low of $37.94 and a 52 week high of $50.94.

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

Institutional Trading of Amcor

Several institutional investors have recently modified their holdings of AMCR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Amcor by 8.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 268,381 shares of the company’s stock worth $2,596,000 after buying an additional 20,757 shares during the period. Focus Partners Wealth lifted its position in shares of Amcor by 11.3% during the 1st quarter. Focus Partners Wealth now owns 43,137 shares of the company’s stock worth $418,000 after buying an additional 4,396 shares during the period. Sivia Capital Partners LLC bought a new position in shares of Amcor during the 2nd quarter worth approximately $138,000. Arrowstreet Capital Limited Partnership bought a new position in Amcor in the 2nd quarter valued at $6,426,000. Finally, CW Advisors LLC bought a new position in Amcor in the 2nd quarter valued at $228,000. Institutional investors and hedge funds own 45.14% of the company’s stock.

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.