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Amcor plc (AMC.AX)

ASX - ASX Delayed Price. Currency in AUD
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15.47-0.02 (-0.13%)
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  • Benzinga

    BofA Downgrades Amcor On Modest Relative Growth Prospects

    Although Amcor PLC (NYSE: AMCR) is a quality company and has performed well against expectations, its stock is likely to lag peers over the next few quarters, according to BofA Securities.The Amcor Analyst: George Staphos downgraded Amcor from Neutral to Underperform, while maintaining the price target at $12.90.The Amcor Thesis: The stock is a defensive one in a market that is "rotating to cyclicals" and is expensive versus peers, Staphos said."Our rating change has little if anything to do with the company's performance relative to our expectations or its quality - indeed, we raised our estimates following F1Q (September)," he wrote in a note.Amcor is expected to achieve volume growth of merely 0%-1% in 2021, versus an average of 3% for the overall packaging segment. "Additionally, plastic packaging companies continue to face headline risks with sustainability and we do expect inflation to create some temporary margin compression," the analyst said.AMCR Price Action: Shares of Amcor had risen by 1.1% to $11.71 at the time of publication Tuesday.Latest Ratings for AMCR DateFirmActionFromTo Nov 2020B of A SecuritiesDowngradesNeutralUnderperform Oct 2020Seaport GlobalInitiates Coverage OnNeutral Aug 2020Deutsche BankMaintainsBuy View More Analyst Ratings for AMCR View the Latest Analyst RatingsSee more from Benzinga * Click here for options trades from Benzinga * Why Goldman Sachs Is Dropping Bearish Nutanix Stance After Q1 Beat * BofA Raises Hibbett Sports Price Target After Q3, Says Retailer Well-Positioned For Holidays(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Amcor recognised as ESG industry leader by MSCI ESG
    PR Newswire

    Amcor recognised as ESG industry leader by MSCI ESG

    In 2020, Amcor – a leading packaging company - received a rating of AA (on a scale of AAACCC) in the MSCI ESG Ratings assessment. This rating is the highest in the packaging industry and is the second highest rating available. 2020 is the 4th year in a row that Amcor has achieved an AA rating - MSCI describes AA rated companies as 'a company leading its industry in managing the most significant ESG risks and opportunities'.

  • Analyst: It's 'nearly impossible' for AMC to survive COVID-19 without a strategy shift
    Yahoo Finance

    Analyst: It's 'nearly impossible' for AMC to survive COVID-19 without a strategy shift

    Movie theater chains have suffered massive losses amid COVID-19 — and the situation could become much more bleak as the beaten down industry seems to be running out of time.