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Amcor stock has reached a new 52-week low, closing at 7.75 USD. This marks a significant downturn for the company, which has experienced a 25.54% decrease in its stock value over the past year. Despite the decline, InvestingPro data shows Amcor maintains a substantial 6.5% dividend yield and has raised its dividend for 6 consecutive years. The decline in Amcor’s stock price reflects broader challenges the company has faced, including market volatility and sector-specific pressures. Trading at a P/E ratio of 24.79, the company has posted 10.04% revenue growth over the last twelve months. As investors assess the implications of this low, the company may need to address strategic adjustments to regain investor confidence and stabilize its market position. With earnings scheduled for November 5, InvestingPro analysis suggests Amcor is slightly undervalued at current prices, with additional ProTips and comprehensive research available in the Pro Research Report covering what truly matters for this packaging leader.
In other recent news, Amcor has experienced several notable developments. Stifel upgraded Amcor’s stock from Hold to Buy, adjusting its price target to $10.20, following the merger with Berry that created a company with combined revenues of $23 billion. This merger is expected to generate significant cost, growth, and financial synergies totaling $650 million. Additionally, Amcor announced the appointment of Stephen R. Scherger as its new Executive Vice President and Chief Financial Officer, succeeding Michael Casamento.
RBC Capital initiated coverage on Amcor with a Sector Perform rating, citing expected synergies from the Berry merger, although they estimate these will reach $590 million by fiscal year 2028. Meanwhile, JPMorgan initiated coverage with an Overweight rating, highlighting Amcor’s strong cash flow and setting a price target of $10.00. Jefferies reiterated its Buy rating on Amcor, noting a 10% free cash flow yield despite weaker volumes in North America. These recent developments reflect a mix of strategic moves and analyst assessments that may influence investor perspectives on Amcor.
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