Amcor PLC (NYSE:AMCR) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Amcor PLC (NYSE:AMCR) has received an average rating of "Moderate Buy" from thirteen sell-side analysts, with six recommending a hold, six a buy, and one a strong buy. The company has an average 12-month price target of $49.49 and recently exceeded quarterly earnings expectations, reporting $1.23 EPS and $6.40 billion in revenue. Amcor also declared a quarterly dividend of $0.65, translating to a 6.2% annual yield, despite an elevated payout ratio.