Zurich, Switzerland-based Amcor plc (AMCR) develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Indo-Pacific regions. With a market cap of over $14 billion, Amcor operates through Flexibles and Rigid Packaging segments.
The packaging giant has significantly underperformed the broader market over the past year. AMCR has gained 1.8% over the past 52-week period and 1.6% on a YTD basis, compared to the S&P 500 Index’s ($SPX) 20.9% returns over the past year and 1.9% gains in 2025.
Narrowing the focus, AMCR has also lagged behind the Materials Select Sector SPDR Fund’s (XLB) 7% returns over the past year and 5.6% gains on a YTD basis.
Amcor’s stock prices plummeted 7.8% after the release of its disappointing Q1 results on Oct. 31. While the company observed a notable improvement in volumes, the unfavourable pricing mix and forex rates adversely impacted its topline. Amcor’s net sales for the quarter dropped 2.6% year-over-year to approximately $3.4 billion, missing the Street’s expectations by 6.1%. On a positive note, Amcor’s adjusted EPS of $0.16 matched the analysts’ consensus estimates and the company reaffirmed its full-year earnings guidance of $0.72 to $0.76 per share.
For the current fiscal 2025 ending in June, analysts expect Amcor to report a 5.7% year-over-year growth in adjusted EPS to $0.74. Furthermore, the company has a robust earnings surprise history. It has surpassed or matched the street’s bottom-line expectations in each of the past four quarters.
Among the 10 analysts covering AMCR, the consensus rating is a “Moderate Buy.” That’s based on six “Strong Buy” and four “Hold” ratings.
This configuration is significantly more bullish than two months ago, when AMCR had a consensus “Hold” rating overall and only two analysts recommended “Strong Buy,” and one analyst advocated a “Moderate Sell” rating.
On Dec. 11, BofA Securities upgraded AMCR to a “Buy” while setting the price target to $12.50, indicating a 30.8% upside potential from current price levels.
AMCR’s mean price target of $11.57 represents a 21% premium to current price levels.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.More news from Barchart
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