Amcor Price Target Lowered to $48.85 as Analysts Assess Transition Earnings
Analysts recently reduced Amcor plc's average price target to $48.85 following lower earnings guidance for its transition period. The revision reflects cost pass-through delays despite higher quarterly sales.
Wall Street analysts have recently adjusted their outlook on Amcor plc. According to FactSet estimates from 13 analysts reported by TradingView, the packaging company's average 12-month price target fell from $49.16 to $48.85, with individual projections spanning from $42 to $56 per share. Based on the November 11 closing price, the new consensus target points to roughly 10% upside. Across 19 covering analysts, the overall stance remained a Buy, consisting of 11 Buys, eight Holds, and zero Sells.
The target trim follows actions by several brokerage firms. Citigroup lowered its price target on Amcor from $52.00 to $50.00 while maintaining a Buy rating. BMO Capital analyst Ketan Mamtora maintained a Hold rating and assigned a $47.00 price target, noting shares closed last Monday at $45.14. Deutsche Bank also downgraded the stock from Buy to Hold on November 5. In contrast, Truist Financial lifted its price target from $51.00 to $53.00 on November 5 and maintained a Buy recommendation.
These analyst updates arrive after Amcor announced results for its September quarter and revised its earnings projections on November 4, 2026. The company lowered its adjusted earnings per share guidance for the July-to-December transition period to between $1.70 and $1.80, down from its earlier range of $1.80 to $1.90. Management indicated that elevated energy and distribution expenses surged in September and that passing these costs through to customers requires time. However, leadership stated that these expenses are not expected to hinder performance in 2027, when it still projects double-digit adjusted earnings per share growth.
For the quarterly period ending in September, Amcor generated $6.13 billion in revenue, outperforming expectations of $5.75 billion. Adjusted earnings per share came in at $0.95, just missing the consensus expectation of $0.96. Free cash outflow reached $820 million, impacted by working capital demands and resin price volatility connected to the Middle East conflict. Despite the guidance adjustment, the board raised the quarterly dividend to $0.66 per share, and management confirmed that targeted cost savings from its combination with Berry Global remained on track.