Amcor (AMCR) Stock Price, News & Analysis

Company Overview

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. The Rigid Packaging segment offers rigid containers for various beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads, and personal care items; and plastic caps for various applications. The company sells its products through its direct sales force. Amcor plc was incorporated in 2018 and is headquartered in Zurich, Switzerland.

Key Stats

• Today's Range: $10.39 to $10.51
• 50-Day Range: $9.89 to $11.37
• 52-Week Range: $8.78 to $11.48
• Volume: 15.25 million shs
• Average Volume: 13.17 million shs
• Market Capitalization: $15.16 billion
• P/E Ratio: 19.79
• Dividend Yield: 4.86%
• Price Target: $10.94
• Consensus Rating: Hold

Amcor Stock Analysis - MarketRank™

Amcor scored higher than 60% of companies evaluated by MarketBeat, and ranked 104th out of 179 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

Amcor has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Amcor has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 6.76%

Earnings Growth

Earnings for Amcor are expected to grow by 6.76% in the coming year, from $0.74 to $0.79 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Amcor is 19.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.69.

Price to Earnings Ratio vs. Sector

The P/E ratio of Amcor is 19.79, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.31.

Price to Earnings Growth Ratio

Amcor has a PEG Ratio of 1.89. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Amcor has a P/B Ratio of 3.80. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.45% of the float of Amcor has been sold short.

Short Interest Ratio / Days to Cover

Amcor has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Amcor has recently increased by 1.26%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Amcor is a leading dividend payer. It pays a dividend yield of 4.87%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Amcor does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Amcor is 96.23%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Amcor will have a dividend payout ratio of 64.56% next year. This indicates that Amcor will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.7 / 5
• Environmental Score: -3.86

Percentage of Shares Shorted

1.45% of the float of Amcor has been sold short.

Short Interest Ratio / Days to Cover

Amcor has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Amcor has recently increased by 1.26%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.54

News Sentiment

Amcor has a news sentiment score of 0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.80 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 26 news articles for Amcor this week, compared to 6 articles on an average week.

Search Interest

Only 10 people have searched for AMCR on MarketBeat in the last 30 days. This is a decrease of -9% compared to the previous 30 days.

MarketBeat Follows

8 people have added Amcor to their MarketBeat watchlist in the last 30 days. This is an increase of 167% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Amcor insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.60% of the stock of Amcor is held by insiders.

Percentage Held by Institutions

45.14% of the stock of Amcor is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AMCR Stock Analysis - Frequently Asked Questions

How have AMCR shares performed this year?

Amcor's stock was trading at $9.64 at the start of the year. Since then, AMCR stock has increased by 8.8% and is now trading at $10.49.
View the best growth stocks for 2024 here.

How were Amcor's earnings last quarter?

Amcor plc (NYSE:AMCR) posted its earnings results on Thursday, October, 31st. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. The firm's quarterly revenue was down 2.6% compared to the same quarter last year.
Read the conference call transcript.

Does Amcor have any subsidiaries?

Amcor subsidiaries include these companies: Bemis Company, Hebei Qite Packing, Sonoco -Plastics Blow Molding, Plastic Moulders Ltd, Alusa, BPI China, Deluxe Packages, and more.

Who are Amcor's major shareholders?

Top institutional investors of Amcor include State Street Corp (6.30%), M&G PLC (3.46%), Charles Schwab Investment Management Inc. (2.99%) and Geode Capital Management LLC (2.51%). Insiders that own company stock include Ronald Stephen Delia, Michael Casamento, Eric V Roegner, Michael J Zacka, Ian Wilson, Louis Fred Stephan, Arun Nayar and Julie Marie Sorrells.
View institutional ownership trends.

How do I buy shares of Amcor?

Shares of AMCR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Amcor own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Amcor investors own include American Water Works (AWK), Waste Connections (WCN), Humana (HUM), DiamondRock Hospitality (DRH), The RMR Group (RMR), AUO (AUOTY) and Voyager Therapeutics (VYGR).

Company Calendar

• Ex-Dividend for 9/26 Dividend: 9/06/2024
• Dividend Payable: 9/26/2024
• Last Earnings: 10/31/2024
• Ex-Dividend for 12/11 Dividend: 11/21/2024
• Today: 11/23/2024
• Dividend Payable: 12/11/2024
• Next Earnings (Estimated): 2/04/2025
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: Miscellaneous manufacturing industries
• Sub-Industry: Misc.
• Current Symbol: NYSE:AMCR
• CUSIP: N/A
• CIK: 1748790
• Web: www.amcor.com
• Phone: 441179753200
• Fax: 920-527-7600
• Employees: 41,000
• Year Founded: 1864

Price Target and Rating

• Average Stock Price Target: $10.94
• High Stock Price Target: $11.10
• Low Stock Price Target: $10.80
• Potential Upside/Downside: +4.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.20
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.53
• Trailing P/E Ratio: 19.79
• Forward P/E Ratio: 14.18
• P/E Growth: 1.89
• Net Income: $730 million
• Net Margins: 5.68%
• Pretax Margin: 7.00%
• Return on Equity: 25.60%
• Return on Assets: 6.12%

Debt

• Debt-to-Equity Ratio: 1.80
• Current Ratio: 1.29
• Quick Ratio: 0.74

Sales & Book Value

• Annual Sales: $13.64 billion
• Price / Sales: 1.11
• Cash Flow: $1.12 per share
• Price / Cash Flow: 9.34
• Book Value: $2.76 per share
• Price / Book: 3.80

Miscellaneous

• Outstanding Shares: 1,445,340,000
• Free Float: 1,436,671,000
• Market Cap: $15.16 billion
• Optionable: Optionable
• Beta: 0.85