Amcor plc

New York Stock Exchange
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Slightly Bullish +25

Amcor (NYSE:AMCR) Upgraded at BMO Capital Markets

📈 BMO Capital Markets upgraded Amcor to a Hold rating in a research note published on Thursday.

💰 The company reported $0.96 EPS for the quarter, matching analyst consensus estimates exactly.

📊 Revenue reached $5.91 billion during the quarter, marking a 77.4% year-over-year increase.

💵 Amcor declared a quarterly dividend of $0.65 per share with an ex-dividend date of May 28th.

📉 Bank of America raised its price target from $48.00 to $51.00 and maintained a Buy rating.

📉 Citigroup lowered its price target from $54.00 to $47.00 while upgrading the stock to a Buy rating.

📉 JPMorgan Chase reduced its price objective from $50.00 to $44.00 but kept an Overweight rating.

🏦 Institutional investors own 45.14% of the company's outstanding shares.

📈 Investors Research Corp increased holdings by 32,298.9% in the second quarter.

📈 Gradient Investments LLC boosted its stake by 14.4% during the same period.

🏭 Amcor specializes in flexible and rigid packaging for food, beverage, pharmaceutical, and consumer markets.

📉 The company's dividend payout ratio is currently 181.82%, indicating a payout exceeding current earnings.

Bullish Signals
  • Amcor reported revenue of $5.91 billion, which beat analyst estimates of $5.71 billion and represented a robust 77.4% year-over-year increase.
  • The company posted EPS of $0.96, hitting the consensus estimate exactly while maintaining a return on equity of 14.55%.
  • Bank of America increased its price target from $48.00 to $51.00 and reaffirmed its Buy rating on the stock.
  • Institutional ownership stands at 45.14%, with multiple hedge funds like Investors Research Corp and Gradient Investments LLC increasing their positions in Q2.
  • Amcor offers a dividend yield of 5.9% based on a $0.65 quarterly payment to shareholders of record as of May 28th.
Risk Factors
  • The company's dividend payout ratio is 181.82%, meaning the dividend paid exceeds the current earnings per share.
  • Citigroup decreased its price target from $54.00 to $47.00, signaling a more cautious valuation outlook.
  • JPMorgan Chase reduced its price objective from $50.00 to $44.00 despite maintaining an Overweight rating.
  • BMO Capital Markets downgraded the stock to a Hold rating, suggesting limited upside potential at current levels.
Full Analysis
BMO Capital Markets upgraded Amcor (NYSE:AMCR) to a Hold rating, while other major analysts recently issued mixed signals including price target adjustments and rating changes from Bank of America, Citigroup, JPMorgan, and Wells Fargo. The consensus view remains Moderate Buy with an average price target of $48.40, reflecting ongoing analyst scrutiny of the packaging giant's valuation and growth trajectory. Amcor recently reported quarterly earnings that beat expectations, posting $0.96 EPS against a consensus of $0.96 and generating revenue of $5.91 billion, which represented a significant 77.4% year-over-year increase. The company also declared a quarterly dividend of $0.65 per share, resulting in an annualized yield of 5.9%, though the payout ratio stands at 181.82%. Institutional ownership remains substantial at 45.14%, with several hedge funds increasing their stakes in the second quarter, including Investors Research Corp and Gradient Investments LLC. Amcor operates as a global packaging leader providing flexible and rigid solutions across food, beverage, pharmaceutical, and consumer markets, having expanded its footprint since its 2005 spin-off.