Amcor plc (AMCR) has been highlighted as an undervalued stock to consider for purchase. The company is seeing increased interest and investment from a range of institutional investors including KBC Group NV, Exchange Traded Concepts LLC, and Gradient Investments LLC. Significant attention has been drawn to Amcor due to the company's healthy dividend performance, forecasting potential for growth in core business and its strong holdings in the ASX stock market. However, criticism was sparked due to the perceived missed earnings and the large number of shares sold by various investor groups. Legacy Private Trust Co. and Fifth Third Wealth Advisors LLC have recently acquired shares of the company. Despite recent market volatility, Amcor is still labelled as a 'moderate buy' by several brokerage houses. An interesting highlight is the announcement of a merger with Berry Global, positioned to create a global leader in consumer and healthcare packaging solutions. This merger carries projected significant EBITDA potential and a planned $0.1275 dividend per share has been announced. Recent reports also suggest favorable financial results for the Q4 2024 quarter of Amcor.
Amcor Plcs AMCR News Analytics from Fri, 02 Aug 2019 18:20:26 GMT to Sat, 01 Feb 2025 01:51:21 GMT -
Rating 2
- Innovation -4
- Information 5
- Rumor -3
