Amcor (NYSE:AMCR) Reaches New 1-Year Low – Time to Sell?

Shares of Amcor PLC (NYSE:AMCR) reached a new 52-week low during mid-day trading 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.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Robert W. Baird set a $54.00 target price on shares of Amcor in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amcor in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft began coverage on Amcor in a research note on Wednesday. They set a “buy” rating and a $50.00 price target for the company. Morgan Stanley lowered Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective on the stock. in a report on Wednesday, January 28th. Finally, Truist Financial raised their price objective on Amcor from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Amcor Stock Up 2.6%

The business’s 50 day moving average is $44.71 and its 200-day moving average is $42.59. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.77 and a current ratio of 1.30. The firm has a market capitalization of $18.84 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 0.89 and a beta of 0.65.

Amcor (NYSE:AMCR) last released its earnings results 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. Amcor had a net margin of 3.04% and a return on equity of 15.57%. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $5.53 billion. During the same quarter in the previous year, the business earned $0.80 EPS. The business’s 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 analysts anticipate that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Wednesday, February 25th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend was Wednesday, February 25th. Amcor’s payout ratio is currently 169.93%.

Institutional Trading of Amcor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMCR. State Street Corp lifted its holdings in shares of Amcor by 1.7% during the fourth quarter. State Street Corp now owns 141,509,581 shares of the company’s stock worth $1,180,190,000 after buying an additional 2,432,340 shares during the last quarter. M&G PLC grew its stake in shares of Amcor by 6.1% in the fourth quarter. M&G PLC now owns 114,989,595 shares of the company’s stock worth $919,917,000 after acquiring an additional 6,655,611 shares during the last quarter. Vanguard Group Inc. increased its position in Amcor by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 113,335,957 shares of the company’s stock worth $945,222,000 after acquiring an additional 1,845,627 shares during the period. Charles Schwab Investment Management Inc. increased its position in Amcor by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 84,095,399 shares of the company’s stock worth $701,356,000 after acquiring an additional 2,036,667 shares during the period. Finally, Geode Capital Management LLC raised its stake in Amcor by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 64,202,708 shares of the company’s stock valued at $533,487,000 after purchasing an additional 262,418 shares during the last quarter. Institutional investors and hedge funds 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.