Amcor PLC (NYSE:AMCR) Given Consensus Rating of “Moderate Buy” by Brokerages

Amcor PLC (NYSE:AMCR) has been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $52.25.

Several brokerages have commented on AMCR. Weiss Ratings restated a “hold (c-)” rating on shares of Amcor in a research note on Wednesday, January 21st. Morgan Stanley downgraded Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective for the company. in a research report on Wednesday, January 28th. Citigroup reissued a “buy” rating on shares of Amcor in a report on Thursday, February 12th. Robert W. Baird set a $54.00 target price on Amcor in a research report on Wednesday, February 4th. Finally, Wells Fargo & Company downgraded Amcor from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $48.00 to $43.00 in a research note on Friday.

Institutional Investors Weigh In On Amcor

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

Amcor Price Performance

Shares of NYSE AMCR opened at $39.38 on Tuesday. Amcor has a 1-year low of $38.02 and a 1-year high of $50.94. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.30 and a quick ratio of 0.77. The business’s fifty day moving average price is $45.10 and its two-hundred day moving average price is $42.67. The firm has a market capitalization of $18.20 billion, a PE ratio of 25.74, a P/E/G ratio of 0.89 and a beta of 0.65.

Amcor (NYSE:AMCR) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates 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 company’s revenue for the quarter was up 68.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 EPS. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. On average, research analysts expect that Amcor will post 0.74 EPS for the current year.

Amcor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend was Wednesday, February 25th. Amcor’s dividend payout ratio (DPR) is 169.93%.

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.