Wall Street Analysts Optimistic about Amcor's Shares?
In the world of packaging solutions, Amcor plc (AMCR) has caught the eye of investors and analysts alike. The consensus rating for AMCR is a "Strong Buy," as 12 analysts have weighed in, with eight giving a "Strong Buy," one a "Moderate Buy," and three a "Hold" rating[1].
The average price target for AMCR stands at around $11.21 to $11.32, indicating an upside potential of approximately 18-23% from the current price near $9.53[1][2][3][4]. The highest price target among analysts is $13.00, suggesting a possible upside of about 39%[1][2].
Wells Fargo & Company (WFC) analyst Gabe Hajde maintains an "Overweight" rating on AMCR and recently raised the price target to $11.00 from $10.00, reinforcing confidence in Amcor's growth prospects[1][3].
Amcor plc's Q3 results, delivered on Apr. 30, were mixed. The company's adjusted EPS of $0.18 increased by 1.1% year-over-year, but its revenue declined 2.3% year-over-year to $3.3 billion[1].
Analysts anticipate Amcor's fiscal 2025 EPS to grow 4.3% year over year to $0.73 and expect further earnings growth in fiscal 2026[1][5].
Based in Zurich, Switzerland, Amcor plc is a global packaging company that develops and sells packaging solutions for various industries[1].
It's worth noting that over the past 52 weeks, the broader S&P 500 Index has gained 16.6%, while Amcor plc's stock has underperformed, falling 10.8%[1]. Over the same period, the Materials Select Sector SPDR Fund has had a 3.8% downtick[1].
For more information, please view the article's Disclosure Policy here. All information and data in the article are for informational purposes only.
[1] Yahoo Finance [2] Google Finance [3] MarketWatch [4] CNBC [5] Seeking Alpha
- Despite Amcor plc's recent budget earnings in Q3, the optimistic outlook from analysts regarding AMCR's future earnings growth in fiscal 2025 and beyond, coupled with a 'Strong Buy' consensus rating, makes it an attractive investment in the finance sector.
- In the realm of both business and finance, Amcor plc's persistent growth prospects and upward revised price targets like that of Wells Fargo & Company analyst Gabe Hajde, position the global packaging company as a potential lucrative venture for investors.
