Amcor (NYSE:AMCR) Reaches New 1-Year Low – Here’s Why

Amcor PLC (NYSE:AMCR)’s stock price hit a new 52-week low on Monday . The stock traded as low as $37.96 and last traded at $38.0480, with a volume of 4419270 shares changing hands. The stock had previously closed at $38.62.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMCR. Robert W. Baird set a $54.00 price target on Amcor in a research report on Wednesday, February 4th. Citigroup restated a “buy” rating on shares of Amcor in a research note on Thursday, February 12th. Morgan Stanley cut shares of Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 target price for the company. in a report on Wednesday, January 28th. 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. Finally, Wells Fargo & Company cut shares of Amcor from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $48.00 to $43.00 in a report on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $52.25.

Amcor Price Performance

The firm has a fifty day moving average of $44.80 and a 200 day moving average of $42.63. The company has a current ratio of 1.30, a quick ratio of 0.77 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $17.56 billion, a P/E ratio of 24.84, a P/E/G ratio of 0.90 and a beta of 0.65.

Amcor (NYSE:AMCR) last posted its 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 for the quarter, compared to analysts’ expectations of $5.53 billion. Amcor had a net margin of 3.04% and a return on equity of 15.57%. The business’s revenue for the quarter was up 68.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 EPS. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. On average, equities research analysts anticipate that Amcor PLC will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Wednesday, February 25th were issued a $0.65 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $2.60 annualized dividend and a yield of 6.8%. Amcor’s dividend payout ratio (DPR) is currently 169.93%.

Institutional Investors Weigh In On Amcor

A number of hedge funds have recently added to or reduced their stakes in AMCR. DV Equities LLC bought a new position in shares of Amcor during the 4th quarter valued at $27,000. Quent Capital LLC purchased a new stake in Amcor during the third quarter valued at $27,000. Brown Lisle Cummings Inc. increased its position in Amcor by 137.9% during the fourth quarter. Brown Lisle Cummings Inc. now owns 3,450 shares of the company’s stock valued at $29,000 after acquiring an additional 2,000 shares during the last quarter. DecisionPoint Financial LLC bought a new position in Amcor in the second quarter valued at about $34,000. Finally, CYBER HORNET ETFs LLC bought a new position in Amcor in the second quarter valued at about $36,000. 45.14% of the stock is currently owned by hedge funds and other institutional investors.

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.