Amcor PLC (NYSE:AMCR) Given Average Recommendation of “Moderate Buy” by Brokerages

Amcor PLC (NYSE:AMCR) has received an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $10.8375.

Several brokerages have recently issued reports on AMCR. Jefferies Financial Group started coverage on Amcor in a research note on Wednesday, July 2nd. They set a “buy” rating and a $12.00 price target on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Amcor in a research note on Wednesday, October 8th. JPMorgan Chase & Co. started coverage on Amcor in a research note on Friday, September 19th. They issued an “overweight” rating and a $10.00 target price on the stock. Robert W. Baird cut their target price on Amcor from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, August 15th. Finally, Royal Bank Of Canada started coverage on Amcor in a research note on Monday, September 22nd. They issued a “sector perform” rating on the stock.

Insider Activity

In other Amcor news, Director Stephen E. Sterrett purchased 10,000 shares of the stock in a transaction on Tuesday, August 19th. The stock was bought at an average cost of $8.55 per share, for a total transaction of $85,500.00. Following the completion of the acquisition, the director directly owned 10,000 shares of the company’s stock, valued at $85,500. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amcor

Several large investors have recently modified their holdings of the business. Farther Finance Advisors LLC increased its holdings in shares of Amcor by 5.3% in the second quarter. Farther Finance Advisors LLC now owns 20,689 shares of the company’s stock worth $190,000 after acquiring an additional 1,035 shares in the last quarter. Rothschild Investment LLC increased its holdings in shares of Amcor by 4.2% in the second quarter. Rothschild Investment LLC now owns 26,179 shares of the company’s stock worth $241,000 after acquiring an additional 1,049 shares in the last quarter. AlphaStar Capital Management LLC increased its holdings in shares of Amcor by 2.4% in the first quarter. AlphaStar Capital Management LLC now owns 50,472 shares of the company’s stock worth $490,000 after acquiring an additional 1,185 shares in the last quarter. South Dakota Investment Council increased its holdings in shares of Amcor by 6.6% in the second quarter. South Dakota Investment Council now owns 19,302 shares of the company’s stock worth $177,000 after acquiring an additional 1,202 shares in the last quarter. Finally, Koshinski Asset Management Inc. increased its holdings in shares of Amcor by 10.1% in the first quarter. Koshinski Asset Management Inc. now owns 13,659 shares of the company’s stock worth $132,000 after acquiring an additional 1,252 shares in the last quarter. 45.14% of the stock is currently owned by institutional investors.

Amcor Stock Performance

Shares of AMCR opened at $8.14 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.18. Amcor has a 12-month low of $7.81 and a 12-month high of $11.33. The firm has a market capitalization of $18.77 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 1.16 and a beta of 0.73. The stock’s fifty day simple moving average is $8.38 and its 200-day simple moving average is $9.00.

Amcor (NYSE:AMCR) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). Amcor had a net margin of 3.40% and a return on equity of 19.43%. The firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same period last year, the company earned $0.21 EPS. The company’s revenue was up 43.8% compared to the same quarter last year. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. As a group, research analysts predict that Amcor will post 0.74 earnings per share for the current year.

Amcor Dividend Announcement

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

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.