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AMCR · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Amcor plc Ordinary Shares (AMCR) stock moving?
Amcor's first-quarter results on Nov 4 were mixed: sales of $6.13B rose 7% and beat the $5.75B estimate, with group volumes up 1%, but adjusted EPS of $0.95 missed the $0.99 estimate. The stock rose intraday to $49.71 on Nov 4 on heavy volume of 8.6M shares, closed at $48.50, then fell 5.5% on Nov 5 to $45.84 on 7.2M shares and reached $44.87 on Nov 6. On Nov 9 the company lowered its semi-annual EPS forecast because of rising costs. Analysts are split: Deutsche Bank downgraded to Hold on Nov 5, Truist raised its target to $53 (Buy) the same day, Citigroup kept Buy but cut its target to $50 on Nov 10, and Jefferies cut its target to $43.79 on Oct 28. Since the Nov 6 low the shares have held a roughly $44.4 to $45.5 range, with volume easing to 3.4M shares on Nov 10 and the stock closing at $45.19, about 8% below the Nov 2 close of $49.02.
News behind the analysis
- Citigroup Maintains Buy on Amcor, Lowers Price Target to $50Citigroup kept its Buy rating on Amcor but cut its price target to $50. The move follows the company's recent results and guidance update.
- Amcor Reports Quarterly Financial Results and Updates GuidanceQuarterly sales rose 7% to $6.13 billion, but the company lowered its semi-annual EPS forecast due to rising costs.
- Amcor Reports Quarterly Update with Volume GrowthAmcor's quarterly update showed a 1% increase in group volumes.
- Truist Securities Maintains Buy on Amcor, Raises Price Target to $53Truist kept its Buy rating and raised its price target to $53 from $51.
- Deutsche Bank Downgrades Amcor to Hold From BuyDeutsche Bank cut its rating on Amcor from Buy to Hold.
- Amcor Q1 Adj. EPS $0.95 Misses $0.99 Estimate, Sales $6.129B Beat $5.753B EstimateAmcor's first-quarter adjusted EPS of $0.95 missed the $0.99 estimate, while sales of $6.129B beat the $5.753B estimate.
- Amcor Q1 2027 Earnings Call TranscriptTranscript of Amcor's first-quarter 2027 earnings call, held the day results were reported.
- RBC Analyst Commentary on Amcor's Q1 OutlookRBC analysts expected Amcor's first-quarter results to align broadly with market expectations despite operational risks.
- Jefferies & Co Adjusts Amcor Price Target to $43.79 From $46.15Jefferies lowered its price target on Amcor to $43.79 from $46.15.
About Amcor plc Ordinary Shares
Amcor is one of the world's largest consumer packaging makers. It produces flexible films, pouches, bottles, containers and dispensing systems for food, beverage, healthcare, beauty and household brands. It is incorporated in Jersey and listed on both the NYSE and the ASX. Its 2025 merger with Berry Global greatly increased its size, and the combined company reported about $23.5 billion in sales for fiscal 2026.
How it makes money
Amcor sells packaging to consumer-goods and healthcare companies. Its two main segments are Global Flexible Packaging (films, pouches, wraps, medical packaging), which brought in roughly $3.5 billion in the quarter ended June 2026, and Global Rigid Packaging (plastic bottles, containers, closures and dispensers), which brought in roughly $2.9 billion in that quarter. Contracts usually let Amcor pass changes in resin and other raw-material costs on to customers, though with a time lag. Amcor is changing its fiscal year-end from June to December, and it effected a 1-for-5 reverse stock split in January 2026.
What usually moves AMCR
- Consumer demand and packaging volumes
- Plastic resin and raw-material costs
- Progress on Berry Global merger synergies (target about $650M)
- Debt levels and interest rates
- Currency moves and plastic/sustainability regulation