Analysts Set Amcor PLC (NYSE:AMCR) Price Target at $11.21

Shares of Amcor PLC (NYSE:AMCR) have received an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $11.2143.

Several brokerages have issued reports on AMCR. Jefferies Financial Group started coverage on shares of Amcor in a research report on Wednesday, July 2nd. They set a “buy” rating and a $12.00 target price for the company. Wells Fargo & Company lifted their price target on shares of Amcor from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Royal Bank Of Canada started coverage on shares of Amcor in a research note on Monday, September 22nd. They set a “sector perform” rating on the stock. The Goldman Sachs Group assumed coverage on shares of Amcor in a research note on Wednesday, September 10th. They set a “buy” rating on the stock. Finally, UBS Group raised shares of Amcor from a “neutral” rating to a “buy” rating in a research note on Thursday, June 26th.

Amcor Stock Performance

AMCR opened at $8.06 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.18. The company’s fifty day moving average price is $8.82 and its two-hundred day moving average price is $9.16. Amcor has a 1-year low of $7.90 and a 1-year high of $11.48. The company has a market cap of $11.65 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 1.05 and a beta of 0.72.

Amcor (NYSE:AMCR) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $5.18 billion. Amcor had a return on equity of 19.43% and a net margin of 3.40%.The business’s quarterly revenue was up 43.8% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. On average, analysts expect that Amcor will post 0.74 EPS for the current fiscal year.

Amcor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 5th were given a dividend of $0.1275 per share. This represents a $0.51 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Friday, September 5th. Amcor’s payout ratio is presently 141.67%.

Insider Activity at Amcor

In other Amcor news, Director Stephen E. Sterrett bought 10,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average price of $8.55 per share, for a total transaction of $85,500.00. Following the acquisition, the director owned 10,000 shares in the company, valued at approximately $85,500. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.60% of the company’s stock.

Institutional Trading of Amcor

Hedge funds have recently modified their holdings of the business. CX Institutional bought a new stake in shares of Amcor during the 1st quarter valued at $111,000. SG Americas Securities LLC boosted its holdings in shares of Amcor by 174.3% during the 1st quarter. SG Americas Securities LLC now owns 149,983 shares of the company’s stock valued at $1,455,000 after buying an additional 95,314 shares in the last quarter. OneDigital Investment Advisors LLC bought a new stake in shares of Amcor during the 1st quarter valued at $121,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Amcor by 16.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,256,497 shares of the company’s stock valued at $12,188,000 after buying an additional 175,731 shares in the last quarter. Finally, Fractal Investments LLC bought a new position in Amcor in the 2nd quarter worth about $486,000. Institutional investors own 45.14% of the company’s stock.

Amcor Company Profile

Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. The Flexibles segment provides flexible and film packaging products in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries.