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Amcor
AMCR

$8.97
0.79%
 

About: Amcor is a global producer of plastic packaging primarily for the fast-moving consumer goods, or FMCG, industry. About 85% of earnings are exposed to the flexible packaging business. This is soft disposable plastic for a variety of food, drink, healthcare, and hygiene products. The remainder of earnings are from the Latin and North American rigids business, which is primarily beverage bottling for the soft-drink industry. Operating in more than 35 countries, Amcor has market share in its established regions of North America, Latin America, Europe, and the Asia-Pacific. About half of group sales are derived from North America and the remainder is split equally between Western Europe and emerging markets. Australia and New Zealand sales make up less than 5% of group sales.

Employees: 41,000

0
Funds holding %
of 6,474 funds
Analysts bullish %
0
News positive %
of 4 articles

Fund manager confidence

Based on 2023 Q4 SEC filings by fund managers ($100M+ AUM)

263% more call options, than puts

Call options by funds: $6.25M | Put options by funds: $1.72M

6% more capital invested

Capital invested by funds: $6.62B [Q3] → $7.04B (+$419M) [Q4]

0.58% more ownership

Funds ownership: 49.99% [Q3] → 50.57% (+0.58%) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q3] → 2 (+0) [Q4]

7% less first-time investments, than exits

New positions opened: 75 | Existing positions closed: 81

1% less funds holding

Funds holding: 557 [Q3] → 551 (-6) [Q4]

23% less repeat investments, than reductions

Existing positions increased: 181 | Existing positions reduced: 234

Research analyst outlook

1 Wall Street Analyst provided 1 year price forecasts over the past 6 months

Low target
$10
11%
upside
Avg. target
$10
11%
upside
High target
$10
11%
upside

1 analyst rating

positive
0%
neutral
100%
negative
0%
Truist Securities
Michael Roxland
11%upside
$10
Hold
Maintained
3 Nov 2023

Financial journalist opinion

Based on 4 articles about AMCR published over the past 30 days