Amcor plc (AMCR)
NYSE: AMCR · IEX Real-Time Price · USD
9.58
-0.02 (-0.21%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Amcor Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Amcor stock have an average target of 9.67, with a low estimate of 9.00 and a high estimate of 10. The average target predicts an increase of 0.94% from the current stock price of 9.58.
Analyst Consensus: Hold
* Price targets were last updated on May 1, 2024.
Analyst Ratings
The average analyst rating for Amcor stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 1 | 1 |
| Hold | 2 | 2 | 2 | 2 | 2 | 1 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 0 |
| Total | 4 | 4 | 4 | 4 | 5 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy Maintains $9.9 → $10 | Buy | Maintains | $9.9 → $10 | +4.38% | May 1, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $11 → $10 | Hold | Maintains | $11 → $10 | +4.38% | Nov 3, 2023 |
| B of A Securities | B of A Securities | Strong Buy → Sell Downgrades $12 → $9 | Strong Buy → Sell | Downgrades | $12 → $9 | -6.05% | Jul 10, 2023 |
| Citigroup | Citigroup | Hold Maintains $12 → $11 | Hold | Maintains | $12 → $11 | +9.60% | May 5, 2023 |
| Goldman Sachs | Goldman Sachs | Strong Sell Maintains $11 → $9.5 | Strong Sell | Maintains | $11 → $9.5 | -0.84% | May 3, 2023 |
Financial Forecast
Revenue This Year
14.03B
from 14.69B
Decreased by -4.51%
Revenue Next Year
14.48B
from 14.03B
Increased by 3.20%
EPS This Year
0.71
from 0.71
Increased by 1.00%
EPS Next Year
0.76
from 0.71
Increased by 6.65%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 14.8B | 15.6B | 16.0B | 15.8B | 16.2B | 16.6B |
| Avg | 14.0B | 14.5B | 14.7B | 15.1B | 15.3B | 15.8B |
| Low | 13.3B | 13.6B | 13.7B | 14.3B | 14.5B | 14.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 0.5% | 10.9% | 10.4% | 7.5% | 7.8% | 8.6% |
| Avg | -4.5% | 3.2% | 1.6% | 2.4% | 1.8% | 2.9% |
| Low | -9.3% | -3.3% | -5.4% | -3.1% | -3.5% | -3.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 0.75 | 0.84 | 0.84 | 0.78 | 0.82 | 0.86 |
| Avg | 0.71 | 0.76 | 0.78 | 0.75 | 0.80 | 0.84 |
| Low | 0.68 | 0.71 | 0.69 | 0.73 | 0.76 | 0.80 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 5.7% | 18.0% | 10.6% | -0.1% | 8.5% | 8.2% |
| Avg | 1.0% | 6.7% | 2.4% | -3.0% | 5.4% | 5.1% |
| Low | -4.1% | -0.9% | -9.7% | -6.8% | 1.3% | 1.0% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.