Amcor (NYSE:AMCR) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft initiated coverage on shares of Amcor (NYSE:AMCR) in a research note published on Wednesday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $50.00 target price on the stock.

AMCR has been the subject of a number of other reports. Truist Financial upped their target price on Amcor from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Wells Fargo & Company cut Amcor from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $48.00 to $43.00 in a research report on Friday, March 20th. Morgan Stanley downgraded Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price target for the company. in a research note on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amcor in a research report on Wednesday, January 21st. Finally, Robert W. Baird set a $54.00 price objective on shares of Amcor in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $52.00.

Amcor Stock Performance

Shares of NYSE:AMCR opened at $40.78 on Wednesday. Amcor has a 12-month low of $37.94 and a 12-month high of $50.94. The company’s 50 day moving average price is $44.68 and its two-hundred day moving average price is $42.58. The firm has a market cap of $18.84 billion, a PE ratio of 26.65, a PEG ratio of 0.93 and a beta of 0.65. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 1.26.

Amcor (NYSE:AMCR) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. The business 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%.The firm’s revenue for the quarter was up 68.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 earnings per share. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. Equities research analysts predict that Amcor will post 0.74 earnings per share for the current year.

Amcor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.4%. Amcor’s payout ratio is 169.93%.

Institutional Trading of Amcor

Several large investors have recently bought and sold shares of AMCR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Amcor by 8.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 268,381 shares of the company’s stock worth $2,596,000 after acquiring an additional 20,757 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of Amcor by 11.3% in the 1st quarter. Focus Partners Wealth now owns 43,137 shares of the company’s stock valued at $418,000 after purchasing an additional 4,396 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Amcor during the 2nd quarter valued at approximately $138,000. Prudential Financial Inc. grew its holdings in shares of Amcor by 124.5% during the 2nd quarter. Prudential Financial Inc. now owns 395,591 shares of the company’s stock valued at $3,635,000 after purchasing an additional 219,390 shares during the last quarter. Finally, Choreo LLC acquired a new position in Amcor during the 2nd quarter worth approximately $165,000. 45.14% of the stock is owned by institutional investors and hedge funds.

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.