Amcor (NYSE:AMCR) Stock Gets Price Target Reduction from Citigroup

Amcor (NYSE:AMCR) had its target price cut by Citigroup from $52.00 to $50.00 in a report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms also recently issued reports on AMCR. Truist Financial lifted their price objective on shares of Amcor from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 5th. Bank of America upped their target price on shares of Amcor from $48.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Wells Fargo & Company increased their target price on shares of Amcor from $43.00 to $44.00 and gave the company an “equal weight” rating in a report on Friday, August 14th. BMO Capital Markets initiated coverage on shares of Amcor in a research report on Thursday, July 16th. They set a “market perform” rating and a $47.00 price target on the stock. Finally, Weiss Ratings raised shares of Amcor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.36.

Amcor Stock Performance

Shares of Amcor stock opened at $43.80 on Tuesday. Amcor has a 52 week low of $36.25 and a 52 week high of $50.94. The company has a quick ratio of 0.83, a current ratio of 1.40 and a debt-to-equity ratio of 1.24. The business has a 50 day moving average price of $43.87 and a 200-day moving average price of $43.19. The company has a market cap of $20.25 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 1.87 and a beta of 0.56.

Amcor (NYSE:AMCR) last announced its earnings results on Wednesday, November 4th. The company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.01). Amcor had a net margin of 4.55% and a return on equity of 15.85%. The company had revenue of $6.13 billion for the quarter, compared to analysts’ expectations of $5.75 billion. During the same period in the previous year, the firm earned $0.11 EPS. Equities analysts anticipate that Amcor will post 3.15 earnings per share for the current fiscal year.

Amcor Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Wednesday, November 25th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This is a positive change from Amcor’s previous quarterly dividend of $0.65. This represents a $2.64 dividend on an annualized basis and a dividend yield of 6.0%. Amcor’s dividend payout ratio (DPR) is 111.59%.

Institutional Trading of Amcor

Hedge funds have recently bought and sold shares of the business. M&G PLC bought a new position in Amcor in the 3rd quarter valued at $1,109,726,000. Bank of New York Mellon Corp bought a new stake in shares of Amcor during the 2nd quarter worth $90,556,000. Rubric Capital Management LP bought a new stake in shares of Amcor during the 1st quarter worth $50,458,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Amcor by 2.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,162,944 shares of the company’s stock worth $48,681,000 after purchasing an additional 22,471 shares during the period. Finally, Nan Fung Trinity HK Ltd. raised its stake in shares of Amcor by 123.2% during the 3rd quarter. Nan Fung Trinity HK Ltd. now owns 955,076 shares of the company’s stock worth $39,979,000 after purchasing an additional 527,191 shares during the period. 45.14% of the stock is currently owned by institutional investors.

Amcor Company Profile

Amcor plc is a global packaging company that develops and manufactures packaging for food and beverage, healthcare, personal care, home care and other consumer products. Its offerings include flexible packaging, rigid containers, closures and specialty cartons, as well as packaging materials and services for pharmaceutical and medical applications. The company serves customers across a broad range of international markets. In 2025, Amcor completed its combination with Berry Global, expanding its packaging portfolio and global reach.