Crossmark Global Holdings and
Diversify Advisory Services sold large tranches of
Amcor PLC (NYSE:AMCR), however, the stock remains a favourite amongst institutional investors.
Earnings have been key for this
Plastics and Rubber stock. Amcor was upgraded at
Truist Securities due to the deal with
Berry Global, bolstering the company's diversification strategy. Integral to Amcor's success is high-quality stock ownership and
Fiscal 2024 reports show continued
growth in the core business. Amcor's shares are being increasingly acquired by several entities, including
Legacy Private Trust Co. Amcor’s projected upside after
Amcor-Berry merger is promising, estimating a $4.5B EBITDA potential. The merger with Berry Global sets a $24B revenue target with $650M annual synergies. Despite some misses in earnings estimates, the
dividend aspect of Amcor stays strong, with an increase over the previous year.
Risky investments and poor
dividend aristocrat ratings do pose challenges, but Amcor’s long-term outlook remains positive. Amcor's sale of Bericap North America stake and the aforementioned Berry Global acquisition emphasise their strategic growth and debt reduction plan. Meanwhile,
CEO compensation concerns and fluctuations in
stock price underline some uncertainty.
Amcor Plcs AMCR News Analytics from Fri, 20 Sep 2019 21:15:30 GMT to Sat, 25 Jan 2025 11:24:16 GMT -
Rating 5
- Innovation -2
- Information 8
- Rumor -4
