Amcor (NYSE:AMCR) Stock Gets Price Target Trim from Citigroup

Amcor (NYSE:AMCR) had its target price cut by Citigroup from $52.00 to $50.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup‘s target price would indicate a potential upside of 10.49% from the company’s current price.

Several other analysts also recently commented on the stock. Weiss Ratings upgraded shares of Amcor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 29th. JPMorgan Chase & Co. downgraded shares of Amcor from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $44.00 to $47.00 in a research report on Monday, August 17th. UBS Group reaffirmed a “buy” rating on shares of Amcor in a report on Thursday. Bank of America increased their target price on shares of Amcor from $48.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, Wells Fargo & Company raised their price target on Amcor from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $49.36.

Amcor Stock Performance

AMCR traded up $0.12 during trading on Tuesday, hitting $45.26. 1,419,281 shares of the stock were exchanged, compared to its average volume of 4,519,825. The company has a quick ratio of 0.76, a current ratio of 1.25 and a debt-to-equity ratio of 1.17. Amcor has a 1-year low of $36.25 and a 1-year high of $50.94. The stock has a fifty day moving average price of $43.97 and a two-hundred day moving average price of $43.18. The firm has a market capitalization of $20.92 billion, a P/E ratio of 19.42, a PEG ratio of 3.03 and a beta of 0.56.

Amcor (NYSE:AMCR) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.01). The firm had revenue of $6.13 billion during the quarter, compared to analyst estimates of $5.75 billion. Amcor had a net margin of 4.55% and a return on equity of 15.86%. During the same period in the previous year, the company posted $0.11 earnings per share. As a group, sell-side analysts predict that Amcor will post 2.96 earnings per share for the current year.

Hedge Funds Weigh In On Amcor

Large investors have recently bought and sold shares of the company. M&G PLC acquired a new position in Amcor during the 3rd quarter worth approximately $1,109,726,000. Bank of New York Mellon Corp acquired a new stake in shares of Amcor in the 2nd quarter valued at approximately $90,556,000. Rubric Capital Management LP acquired a new stake in shares of Amcor in the 1st quarter valued at approximately $50,458,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Amcor by 2.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,162,944 shares of the company’s stock valued at $48,681,000 after buying an additional 22,471 shares during the period. Finally, Nan Fung Trinity HK Ltd. boosted its stake in shares of Amcor by 123.2% in the third quarter. Nan Fung Trinity HK Ltd. now owns 955,076 shares of the company’s stock valued at $39,979,000 after buying an additional 527,191 shares in the last quarter. Hedge funds and other institutional investors own 45.14% of the company’s stock.

About Amcor

Amcor plc is a global packaging company that develops and manufactures packaging for food and beverage, healthcare, personal care, home care and other consumer products. Its offerings include flexible packaging, rigid containers, closures and specialty cartons, as well as packaging materials and services for pharmaceutical and medical applications. The company serves customers across a broad range of international markets. In 2025, Amcor completed its combination with Berry Global, expanding its packaging portfolio and global reach.