Citigroup Lowers Amcor (NYSE:AMCR) Price Target to $47.00

Amcor (NYSE:AMCR) had its target price reduced by analysts at Citigroup from $54.00 to $47.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 17.62% from the company’s previous close.

Several other brokerages have also weighed in on AMCR. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Amcor in a research note on Wednesday, April 1st. They set a “buy” rating and a $50.00 target price for the company. Weiss Ratings lowered shares of Amcor from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. Wells Fargo & Company lowered shares of Amcor from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $48.00 to $43.00 in a research note on Friday, March 20th. Robert W. Baird set a $54.00 target price on shares of Amcor in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Amcor from $50.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Amcor currently has an average rating of “Moderate Buy” and a consensus price target of $49.56.

Amcor Trading Up 0.1%

Amcor stock traded up $0.04 during midday trading on Friday, hitting $39.96. 2,468,882 shares of the stock were exchanged, compared to its average volume of 5,842,157. Amcor has a fifty-two week low of $36.67 and a fifty-two week high of $50.94. The stock has a market capitalization of $18.46 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 1.10 and a beta of 0.63. The stock’s 50-day simple moving average is $41.14 and its 200 day simple moving average is $42.50. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 1.30.

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

Institutional Trading of Amcor

Hedge funds have recently added to or reduced their stakes in the company. Dakota Wealth Management raised its holdings in Amcor by 74.6% in the fourth quarter. Dakota Wealth Management now owns 345,449 shares of the company’s stock valued at $2,881,000 after acquiring an additional 147,639 shares in the last quarter. PFG Investments LLC acquired a new stake in Amcor during the fourth quarter worth approximately $262,000. Vanguard Group Inc. raised its holdings in Amcor by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 113,335,957 shares of the company’s stock worth $945,222,000 after purchasing an additional 1,845,627 shares in the last quarter. Nordea Investment Management AB raised its holdings in Amcor by 64.0% during the fourth quarter. Nordea Investment Management AB now owns 242,866 shares of the company’s stock worth $2,034,000 after purchasing an additional 94,753 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Amcor by 213.1% during the fourth quarter. GAMMA Investing LLC now owns 126,702 shares of the company’s stock worth $1,057,000 after purchasing an additional 86,231 shares in the last quarter. Institutional investors and hedge funds own 45.14% of the company’s stock.

Trending Headlines about Amcor

Here are the key news stories impacting Amcor this week:

• Positive Sentiment: Amcor reported Q3 results with revenue of $5.91B, beating estimates and raising full?year guidance; management set FY2026 EPS guidance at $3.98–4.03, supporting the beat?and?raise reaction. Read More.
• Positive Sentiment: The board announced a quarterly dividend of $0.65 per share (annualized yield ~6.5%), ex?dividend May 28 — a material yield that supports income investors and can underpin the stock in a low?growth environment.
• Positive Sentiment: Truist reaffirmed a “buy” rating and raised its price target to $51 (up from $50), signaling continued analyst conviction and a sizable implied upside from current levels. Read More.
• Positive Sentiment: A recent Seeking Alpha piece argues AMCR is mispriced at multi?year low forward P/E and highlights the dividend as a reason to wait for upside — a positive narrative that can attract value and income buyers. Read More.
• Neutral Sentiment: JPMorgan lowered its price target from $50 to $44 but kept an “overweight” rating; the cut trims upside expectations but the rating still implies constructive view. Read More.
• Neutral Sentiment: Full earnings call and transcript coverage is available; the transcript provides more color on margin dynamics, pricing and synergies that investors will parse for sustainability of guidance. Read More. | Read More.
• Negative Sentiment: Analyst/call notes flagged strained cash flow despite strong synergy execution — mixed operational cash trends could worry income?oriented investors given the recently increased dividend. Read More.

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.