#5 - Amcor (NYSE:AMCR)
Amcor (NYSE:AMCR) was a small packaging company that recently got a lot bigger. In 2019, the company completed a purchase of Bemis. Packaging remains both a challenge and an opportunity for companies. Sustainability is a major concern as consumer backlash towards plastic continues.
Amcor is making a push to create greater sustainability by expanding into a key area of “increasingly light-weighted, recyclable and reusable” products. These products are being made with an eye towards increasing the amount of recycled content.
The consensus price target for Amcor is $11.70 which is an increase of over 35% from the stock’s current level. The company reports earnings on May 11 and is expected to have earnings per share of 16 cents. That would match what the company reported in its previous quarter.
AMCR stock has a beta below 1 which means that it is less volatile than the broader market. While this may not provide investors with rapid capital growth, they should still consider Amcor for its dividend. The company was recently named to the Dividend Channel’s “S.A.F.E. 25” list. The company sports a dividend yield of 5.41% and most recently paid out a dividend on March 24, 2020.
About Amcor
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.
Read More - Current Price
- $10.49
- Consensus Rating
- Hold
- Ratings Breakdown
- 1 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $10.94 (4.3% Upside)
