Amcor (NYSE:AMCR) Price Target Lowered to $47.00 at Citigroup

Amcor (NYSE:AMCR) had its price target cut by Citigroup from $54.00 to $47.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also issued research reports about the company. Wells Fargo & Company lowered 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. Weiss Ratings lowered Amcor from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, April 27th. Truist Financial reissued a “buy” rating and set a $51.00 price target (up from $50.00) on shares of Amcor in a report on Thursday. Robert W. Baird set a $54.00 price target on Amcor in a report on Wednesday, February 4th. Finally, Morgan Stanley lowered Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price target for the company. in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.56.

Amcor Stock Performance

Shares of NYSE AMCR opened at $39.96 on Friday. The firm has a 50 day moving average of $41.14 and a 200 day moving average of $42.50. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $18.46 billion, a price-to-earnings ratio of 27.94, a price-to-earnings-growth ratio of 1.20 and a beta of 0.63. Amcor has a 12-month low of $36.67 and a 12-month high of $50.94.

Amcor (NYSE:AMCR) last announced its earnings results on Wednesday, May 6th. The company reported $0.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.96. The company had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.71 billion. Amcor had a net margin of 3.06% and a return on equity of 14.55%. The firm’s quarterly revenue was up 77.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.90 earnings per share. Amcor has set its FY 2026 guidance at 3.980-4.030 EPS. On average, research analysts anticipate that Amcor will post 4 earnings per share for the current year.

Amcor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Thursday, May 28th will be given a dividend of $0.65 per share. The ex-dividend date is Thursday, May 28th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.5%. Amcor’s dividend payout ratio is currently 181.82%.

Hedge Funds Weigh In On Amcor

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its stake in Amcor by 1.7% during the fourth quarter. State Street Corp now owns 141,509,581 shares of the company’s stock valued at $1,180,190,000 after buying an additional 2,432,340 shares during the last quarter. M&G PLC boosted its stake in Amcor by 6.1% during the fourth quarter. M&G PLC now owns 114,989,595 shares of the company’s stock valued at $919,917,000 after buying an additional 6,655,611 shares during the last quarter. Vanguard Group Inc. boosted its stake in Amcor by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 113,335,957 shares of the company’s stock valued at $945,222,000 after buying an additional 1,845,627 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 valued at $701,356,000 after buying an additional 2,036,667 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Amcor by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 64,202,708 shares of the company’s stock valued at $533,487,000 after buying an additional 262,418 shares during the last quarter. Institutional investors own 45.14% of the company’s stock.

Key Headlines Impacting Amcor

Here are the key news stories impacting Amcor this week:

• Positive Sentiment: Amcor said revenue topped expectations and raised its full-year guidance, which helped spark buying interest and suggests operating trends are improving. Amcor (AMCR) rises after revenue beat and higher full-year guidance
• Positive Sentiment: Several Wall Street firms remained constructive after the report: Citigroup kept a buy rating, JPMorgan held an overweight view, and Truist reaffirmed a buy rating with a slightly higher target, reinforcing a favorable analyst backdrop. Analyst rating updates
• Positive Sentiment: Amcor also announced a quarterly dividend of $0.65 per share, supporting the stock’s appeal for income-focused investors with a roughly 6.5% annualized yield.
• Neutral Sentiment: An earnings-call summary noted strong synergy progress but some cash flow strain, indicating execution remains important even after the upbeat quarter. Amcor Earnings Call: Synergies Strong, Cash Flow Strained
• Neutral Sentiment: One Seeking Alpha piece argued Amcor looks inexpensive on a forward P/E basis and highlighted the dividend as a reason to wait, which supports valuation but does not point to a major near-term catalyst. Amcor: Mispriced At Multi-Year Low Forward P/E With A Dividend That Pays To Wait
• Negative Sentiment: Despite the positive tone, Citigroup and JPMorgan both lowered price targets, suggesting analysts see a bit less upside than before even while maintaining bullish ratings. Price target reductions

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.