Amcor (NYSE:AMCR) Earns Hold Rating from Analysts at Stifel Nicolaus

Stifel Nicolaus began coverage on shares of Amcor (NYSE:AMCR) in a research report report published on Tuesday, MarketBeat Ratings reports. The brokerage issued a hold rating and a $10.80 price objective on the stock.

AMCR has been the subject of a number of other research reports. Wells Fargo & Company started coverage on shares of Amcor in a research note on Friday, June 28th. They issued an equal weight rating and a $9.80 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of Amcor from $9.90 to $10.00 and gave the company an overweight rating in a research report on Wednesday, May 1st. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Amcor presently has an average rating of Hold and an average target price of $10.15.

Amcor Stock Performance

Shares of AMCR stock opened at $9.81 on Tuesday. The firm has a 50 day moving average of $9.98 and a 200-day moving average of $9.55. The company has a market cap of $14.18 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 4.96 and a beta of 0.86. The company has a quick ratio of 0.75, a current ratio of 1.29 and a debt-to-equity ratio of 1.76. Amcor has a 52 week low of $8.45 and a 52 week high of $10.51.

Amcor (NYSE:AMCR) last announced its earnings results on Tuesday, April 30th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.49 billion. Amcor had a return on equity of 24.66% and a net margin of 4.75%. The company’s revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 EPS. On average, equities analysts forecast that Amcor will post 0.7 earnings per share for the current year.

Amcor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Wednesday, May 22nd were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 5.10%. The ex-dividend date was Tuesday, May 21st. Amcor’s dividend payout ratio is currently 111.11%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AMCR. CWM LLC boosted its holdings in shares of Amcor by 149.6% in the second quarter. CWM LLC now owns 54,482 shares of the company’s stock valued at $533,000 after acquiring an additional 32,658 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its stake in Amcor by 30.5% in the second quarter. Kingswood Wealth Advisors LLC now owns 52,269 shares of the company’s stock valued at $511,000 after acquiring an additional 12,201 shares during the period. First Bank & Trust boosted its position in Amcor by 4.6% during the 2nd quarter. First Bank & Trust now owns 111,667 shares of the company’s stock worth $1,092,000 after acquiring an additional 4,886 shares during the period. Quent Capital LLC raised its holdings in Amcor by 51.8% during the second quarter. Quent Capital LLC now owns 3,638 shares of the company’s stock worth $36,000 after purchasing an additional 1,241 shares in the last quarter. Finally, Marcum Wealth LLC boosted its holdings in shares of Amcor by 16.5% in the second quarter. Marcum Wealth LLC now owns 13,892 shares of the company’s stock worth $136,000 after buying an additional 1,971 shares during the period. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Amcor Company Profile

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.