Amcor (NYSE:AMCR) Research Coverage Started at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Amcor (NYSE:AMCR) in a research report released on Wednesday morning, MarketBeat.com reports. The firm issued a buy rating and a $50.00 price objective on the stock.

AMCR has been the subject of a number of other reports. Citigroup restated a “buy” rating on shares of Amcor in a report on Thursday, February 12th. Morgan Stanley lowered shares of Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price target on the stock. in a report on Wednesday, January 28th. Truist Financial boosted their price objective on shares of Amcor from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Robert W. Baird set a $54.00 price objective on Amcor in a report on Wednesday, February 4th. Finally, Wells Fargo & Company lowered Amcor from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $48.00 to $43.00 in a research report on Friday, March 20th. One 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.com, Amcor presently has an average rating of “Moderate Buy” and an average price target of $52.00.

Amcor Stock Performance

Amcor stock opened at $39.94 on Wednesday. The stock has a fifty day moving average price of $44.53 and a 200 day moving average price of $42.55. Amcor has a 52 week low of $37.94 and a 52 week high of $50.94. The firm has a market capitalization of $18.45 billion, a P/E ratio of 26.10, a PEG ratio of 0.93 and a beta of 0.71. The company has a current ratio of 1.30, a quick ratio of 0.77 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, topping analysts’ consensus estimates 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 analyst estimates of $5.53 billion. During the same period last year, the company earned $0.80 EPS. The firm’s quarterly revenue was up 68.1% on a year-over-year basis. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. Equities research analysts anticipate that Amcor will post 0.74 earnings per share for the current year.

Amcor Announces Dividend

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 dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Wednesday, February 25th. Amcor’s dividend payout ratio (DPR) is presently 169.93%.

Hedge Funds Weigh In On Amcor

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. lifted its position in shares of Amcor by 55.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,307,985 shares of the company’s stock worth $10,909,000 after purchasing an additional 467,065 shares in the last quarter. Alpine Global Management LLC grew its holdings in Amcor by 13.1% during the 4th quarter. Alpine Global Management LLC now owns 203,131 shares of the company’s stock valued at $1,694,000 after purchasing an additional 23,534 shares in the last quarter. MidFirst Bank purchased a new stake in Amcor during the 4th quarter worth $148,000. Alternative Investment Advisors LLC. increased its stake in Amcor by 6.3% during the 4th quarter. Alternative Investment Advisors LLC. now owns 11,268 shares of the company’s stock worth $94,000 after buying an additional 671 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in Amcor by 6.8% in the 4th quarter. Pacer Advisors Inc. now owns 196,252 shares of the company’s stock worth $1,637,000 after buying an additional 12,441 shares in the last quarter. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Amcor Company Profile

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.