Amcor plc (NYSE:AMCR - Get Free Report) has been given an average rating of "Hold" by the six ratings firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $10.73.
Several equities analysts have weighed in on the company. Citigroup lifted their price objective on Amcor from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Tuesday, August 20th. Robert W. Baird upped their price objective on shares of Amcor from $10.00 to $11.00 and gave the stock a "neutral" rating in a research report on Friday, August 16th. Stifel Nicolaus assumed coverage on shares of Amcor in a report on Tuesday, July 9th. They issued a "hold" rating and a $10.80 target price on the stock. JPMorgan Chase & Co. upped their price target on shares of Amcor from $10.00 to $11.10 and gave the stock an "overweight" rating in a report on Tuesday, August 13th. Finally, Wells Fargo & Company lifted their price objective on shares of Amcor from $9.80 to $10.50 and gave the company an "equal weight" rating in a research note on Friday, August 16th.
Get Our Latest Report on AMCR
AMCR opened at $11.20 on Friday. The stock has a fifty day moving average of $10.95 and a 200-day moving average of $10.14. The company has a market capitalization of $16.18 billion, a P/E ratio of 24.88, a P/E/G ratio of 2.73 and a beta of 0.85. Amcor has a fifty-two week low of $8.45 and a fifty-two week high of $11.48. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.17.
Amcor (NYSE:AMCR - Get Free Report) last posted its quarterly earnings data on Thursday, August 15th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.21. Amcor had a net margin of 5.35% and a return on equity of 25.45%. The firm had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the firm posted $0.19 EPS. The business's revenue for the quarter was down 3.8% compared to the same quarter last year. On average, equities analysts expect that Amcor will post 0.75 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 6th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 4.47%. The ex-dividend date was Friday, September 6th. Amcor's dividend payout ratio (DPR) is presently 111.11%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Amcor by 40.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 743,325 shares of the company's stock worth $7,069,000 after buying an additional 214,458 shares in the last quarter. Empowered Funds LLC raised its position in Amcor by 244.2% in the first quarter. Empowered Funds LLC now owns 103,655 shares of the company's stock valued at $986,000 after purchasing an additional 73,541 shares during the last quarter. M&G Plc boosted its stake in shares of Amcor by 2,741.7% during the second quarter. M&G Plc now owns 47,164,358 shares of the company's stock valued at $471,644,000 after purchasing an additional 45,504,608 shares in the last quarter. CHURCHILL MANAGEMENT Corp grew its holdings in shares of Amcor by 60.0% during the first quarter. CHURCHILL MANAGEMENT Corp now owns 601,225 shares of the company's stock worth $5,718,000 after purchasing an additional 225,441 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Amcor by 236.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,648,279 shares of the company's stock valued at $15,675,000 after buying an additional 1,157,878 shares during the period. Institutional investors own 45.14% of the company's stock.
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.
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