Truist Financial Reaffirms Buy Rating for Amcor (NYSE:AMCR)

Amcor (NYSE:AMCR)‘s stock had its “buy” rating reissued by analysts at Truist Financial in a report issued on Thursday,Benzinga reports. They currently have a $51.00 price objective on the stock, up from their previous price objective of $50.00. Truist Financial’s target price suggests a potential upside of 27.64% from the stock’s previous close.

Several other research analysts have also weighed in on the company. Morgan Stanley lowered Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price target on the stock. in a research report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft assumed coverage on Amcor in a research report on Wednesday, April 1st. They set a “buy” rating and a $50.00 price target on the stock. Wells Fargo & Company lowered Amcor from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $48.00 to $43.00 in a research report on Friday, March 20th. Robert W. Baird set a $54.00 price target on Amcor in a research report on Wednesday, February 4th. Finally, Weiss Ratings lowered Amcor from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.56.

Amcor Stock Up 0.1%

Shares of Amcor stock opened at $39.96 on Thursday. The business’s 50 day simple moving average is $41.14 and its 200 day simple moving average is $42.50. Amcor has a 52-week low of $36.67 and a 52-week high of $50.94. The firm has a market cap of $18.46 billion, a PE ratio of 27.94, a P/E/G ratio of 1.20 and a beta of 0.63. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.77 and a current ratio of 0.84.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMCR. AdvisorNet Financial Inc acquired a new position in Amcor in the 1st quarter valued at $25,000. Quent Capital LLC acquired a new position in Amcor in the 3rd quarter valued at $27,000. DV Equities LLC acquired a new position in Amcor in the 4th quarter valued at $27,000. Brown Lisle Cummings Inc. grew its holdings in Amcor by 137.9% in the 4th quarter. Brown Lisle Cummings Inc. now owns 3,450 shares of the company’s stock valued at $29,000 after buying an additional 2,000 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in Amcor by 46.1% in the 4th quarter. Larson Financial Group LLC now owns 3,985 shares of the company’s stock valued at $33,000 after buying an additional 1,257 shares in the last quarter. 45.14% of the stock is owned by institutional investors and hedge funds.

More Amcor News

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

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.