Amcor (NYSE:AMCR) Coverage Initiated by Analysts at Deutsche Bank Aktiengesellschaft

Equities research analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Amcor (NYSE:AMCR) in a report released on Wednesday. The firm set a “buy” rating and a $50.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 25.81% from the stock’s previous close.

AMCR has been the topic of several other research reports. Morgan Stanley cut Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective on the stock. in a research note on Wednesday, January 28th. Robert W. Baird set a $54.00 price target on Amcor in a report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Amcor in a research report on Wednesday, January 21st. Truist Financial raised their price objective on Amcor from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Finally, Wells Fargo & Company downgraded shares of Amcor from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $48.00 to $43.00 in a report on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Amcor currently has an average rating of “Moderate Buy” and an average price target of $52.00.

Amcor Stock Up 4.3%

AMCR stock opened at $39.74 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 0.77 and a debt-to-equity ratio of 1.26. The firm has a 50 day simple moving average of $44.71 and a 200-day simple moving average of $42.59. The company has a market capitalization of $18.36 billion, a P/E ratio of 25.98, a PEG ratio of 0.89 and a beta of 0.65. Amcor has a twelve month low of $37.94 and a twelve month high of $50.94.

Amcor (NYSE:AMCR) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.03. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $5.53 billion. Amcor had a net margin of 3.04% and a return on equity of 15.57%. The firm’s revenue for the quarter was up 68.1% compared to the same quarter last year. During the same period last year, the business earned $0.80 EPS. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. On average, equities research analysts predict that Amcor will post 0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Amcor

Institutional investors have recently made changes to their positions in the stock. Quent Capital LLC acquired a new stake in shares of Amcor during the 3rd quarter worth approximately $27,000. DV Equities LLC acquired a new position in Amcor during the 4th quarter valued at approximately $27,000. Brown Lisle Cummings Inc. grew its stake in Amcor by 137.9% during the 4th quarter. Brown Lisle Cummings Inc. now owns 3,450 shares of the company’s stock worth $29,000 after buying an additional 2,000 shares during the last quarter. Larson Financial Group LLC grew its stake in Amcor by 46.1% during the 4th quarter. Larson Financial Group LLC now owns 3,985 shares of the company’s stock worth $33,000 after buying an additional 1,257 shares during the last quarter. Finally, DecisionPoint Financial LLC acquired a new stake in Amcor in the second quarter worth $34,000. 45.14% of the stock is owned by institutional investors.

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.