Amcor PLC (NYSE:AMCR) Receives $52.88 Average Price Target from Brokerages

Shares of Amcor PLC (NYSE:AMCR) have been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Five 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 12 month price target among brokerages that have covered the stock in the last year is $52.8750.

AMCR has been the subject of a number of analyst reports. Citigroup reiterated a “buy” rating on shares of Amcor in a research note on Thursday, February 12th. 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 report on Wednesday, January 28th. Wells Fargo & Company increased their price target on Amcor from $9.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Robert W. Baird set a $54.00 price objective on shares of Amcor in a report on Wednesday, February 4th. Finally, Truist Financial upped their target price on shares of Amcor from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th.

Hedge Funds Weigh In On Amcor

Several institutional investors have recently modified their holdings of the business. NewSquare Capital LLC boosted its position in Amcor by 377.9% in the second quarter. NewSquare Capital LLC now owns 2,810 shares of the company’s stock worth $26,000 after purchasing an additional 2,222 shares during the last quarter. DV Equities LLC purchased a new stake in shares of Amcor during the 4th quarter valued at $27,000. Quent Capital LLC bought a new stake in shares of Amcor during the 3rd quarter worth $27,000. Brown Lisle Cummings Inc. boosted its holdings in shares of Amcor by 137.9% in the 4th quarter. Brown Lisle Cummings Inc. now owns 3,450 shares of the company’s stock worth $29,000 after buying an additional 2,000 shares during the last quarter. Finally, DecisionPoint Financial LLC bought a new position in Amcor during the second quarter valued at about $34,000. 45.14% of the stock is owned by institutional investors.

Amcor Trading Down 0.8%

NYSE AMCR opened at $50.17 on Friday. 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 has a 52 week low of $38.33 and a 52 week high of $52.25. The business has a 50 day moving average price of $44.69 and a 200-day moving average price of $42.76. The company has a market cap of $23.18 billion, a price-to-earnings ratio of 32.79, a P/E/G ratio of 1.18 and a beta of 0.67.

Amcor (NYSE:AMCR) last issued its earnings results on Tuesday, February 3rd. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The company had revenue of $3.24 billion for 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 quarterly revenue was up 68.1% compared to the same quarter last year. During the same period last year, the business earned $0.80 EPS. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. As a group, equities analysts expect that Amcor will post 0.74 earnings per share for the current fiscal year.

Amcor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $2.60 annualized dividend and a dividend yield of 5.2%. Amcor’s dividend payout ratio (DPR) is currently 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.