Amcor (NYSE:AMCR) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft started coverage on shares of Amcor (NYSE:AMCR) in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The brokerage set a “buy” rating and a $50.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 25.20% from the stock’s previous close.

AMCR has been the topic of a number of other reports. Truist Financial boosted their price target 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. Morgan Stanley lowered 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 note on Wednesday, January 28th. Wells Fargo & Company cut shares of Amcor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $48.00 to $43.00 in a report on Friday, March 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amcor in a research note on Wednesday, January 21st. Finally, Citigroup reiterated a “buy” rating on shares of Amcor in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $52.00.

Amcor Trading Down 1.9%

AMCR opened at $39.94 on Wednesday. Amcor has a 52 week low of $37.94 and a 52 week high of $50.94. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 1.26. The business has a fifty day simple moving average of $44.62 and a 200-day simple moving average of $42.56. The firm has a market cap of $18.45 billion, a P/E ratio of 26.10, a P/E/G ratio of 0.95 and a beta of 0.71.

Amcor (NYSE:AMCR) last posted its quarterly earnings data 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. Amcor had a return on equity of 15.57% and a net margin of 3.04%.The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $5.53 billion. During the same quarter in the previous year, the business earned $0.80 EPS. The company’s quarterly revenue was up 68.1% compared to the same quarter last year. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. On average, equities analysts expect that Amcor will post 0.74 earnings per share for the current year.

Hedge Funds Weigh In On Amcor

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quent Capital LLC purchased a new position in Amcor in the third quarter worth approximately $27,000. DV Equities LLC acquired a new position in Amcor during the 4th quarter worth approximately $27,000. Brown Lisle Cummings Inc. increased its position 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 valued at $29,000 after purchasing an additional 2,000 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Amcor by 46.1% in the 4th quarter. Larson Financial Group LLC now owns 3,985 shares of the company’s stock valued at $33,000 after purchasing an additional 1,257 shares during the last quarter. Finally, DecisionPoint Financial LLC acquired a new stake in shares of Amcor in the 2nd quarter valued at $34,000. 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.