Amcor PLC (NYSE:AMCR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Amcor PLC (NYSE:AMCR) has been assigned an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $52.8750.

AMCR has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amcor in a report on Wednesday, January 21st. Morgan Stanley lowered shares of Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price target for the company. in a research report on Wednesday, January 28th. Wells Fargo & Company upped their price target on shares of Amcor from $9.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Citigroup reiterated a “buy” rating on shares of Amcor in a research report on Thursday, February 12th. Finally, Robert W. Baird set a $54.00 price objective on Amcor in a research note on Wednesday, February 4th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Alpine Global Management LLC lifted its position in Amcor by 13.1% during the fourth 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 during the last quarter. MidFirst Bank bought a new position in shares of Amcor in the 4th quarter worth $148,000. Alternative Investment Advisors LLC. increased its holdings in shares of Amcor by 6.3% in 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 last quarter. Pacer Advisors Inc. raised its position in shares of Amcor by 6.8% during the 4th quarter. Pacer Advisors Inc. now owns 196,252 shares of the company’s stock valued at $1,637,000 after buying an additional 12,441 shares in the last quarter. Finally, Rare Wolf Capital LLC purchased a new stake in shares of Amcor during the 4th quarter valued at $135,000. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Amcor Stock Up 0.2%

Shares of NYSE AMCR opened at $40.64 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 1.26. The company has a market cap of $18.78 billion, a P/E ratio of 26.56, a P/E/G ratio of 0.95 and a beta of 0.65. Amcor has a 52 week low of $38.33 and a 52 week high of $50.94. The business has a 50-day simple moving average of $45.45 and a two-hundred day simple moving average of $42.78.

Amcor (NYSE:AMCR) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $5.53 billion. During the same period in the prior year, the business posted $0.80 earnings per share. The company’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. Research analysts anticipate that Amcor will post 0.74 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Wednesday, February 25th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Wednesday, February 25th. Amcor’s dividend payout ratio (DPR) is 169.93%.

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.