Amcor Plc (AMCR), a renowned plastics and rubber stock, gains popularity as a favored investment for institutional shareholders, with around 65% of the company’s stakes under institutional control. In recent financial moves, Amcor sets a private offering of $2.2 billion senior unsecured notes and insiders purchased stocks worth US$2.65 million showcasing bullish confidence. The company offers strong yield with high growth potential and was positioned as a top-ranked value stock and a top candidate for low-priced dividend stocks. Amidst these positive notes, there was a miss on earnings per share (EPS) by 16%, leading to analysts revising their forecasts. Another significant highlight is Amcor's planned merger with Berry Global, receiving US antitrust clearance, driving optimism for closing in mid-2025. Furthermore, positive discussions around Amcor as an undervalued cyclical stock and its acquisition of Berry in an $8.4 billion deal stirs market interest. Despite notable institutional interest, AMCR stocks have seen a decline of 6.6% over the past three years, but with merger closure, the firm expected to restructure around two businesses.
Amcor Plcs AMCR News Analytics from Fri, 02 Aug 2019 18:20:26 GMT to Fri, 04 Apr 2025 09:19:46 GMT -
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