Further Upside Expected For Amcor Shares
Amcor (ASX:AMC) is a company that has the potential for its shares to not only head higher from here, but increase its dividend along the way.
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AMC – Macquarie rates the stock as Outperform
A move by corporates towards sustainability has been weighing on Amcor’s share price, Macquarie notes. Major customer Unilever has now announced a plan to make all its packaging reusable and recyclable by 2025, including a move toward a circular economy of collection and reprocessing.
Read MoreAMC – Credit Suisse rates the stock as Neutral
Credit Suisse extends its review of the company’s debt levels, reducing FY19 net debt estimates to US$4.6bn from US$5.1bn. This adds around $0.30 to valuation.
Read MoreAMC – Deutsche Bank rates the stock as Buy
The combination Amcor-Bemis has started selling off non-core assets and Deutsche Bank analysts suggest with the proceeds from these divestments management could announce a share buyback of up to US$1bn as early as the full year result in August.
Read MoreAMC – Morgans rates the stock as Hold
The combination of Amcor and Bemis creates the largest plastic packaging company in the world, Morgans notes, with the deal significantly enhancing Amcor’s presence in North America.
Read MoreAMC – Deutsche Bank rates the stock as Buy
Deutsche Bank considers the proposed acquisition of Bemis positive and believes it will generate long-term value. The combined entity will become the global leader in consumer packaging.
Read MoreAMC – Credit Suisse rates the stock as Neutral
The broker notes China is now taxing plastic resins at 25% but this has not impacted on Amcor’s performance in China given resin prices fell, offsetting the tax. However, Amcor’s PE is now up to 17x which the broker sees as stretched, implying investors are paying for 13 years of earnings.
Read MoreAmcor Eyes More Divestments To Seal Bemis Deal
Amcor looking to sell three factories in the United States to satisfy American competition regulators for its $US 5.26 billion ($A7.15 billion including debt and pension liabilities) takeover of rival packager, Bemis.
Read MoreAmcor Edges Closer To Boxing Up Bemis Buy
Amcor has moved closer to finalising its drawn-out takeover of US packing giant, Bemis with the release of shareholder documentation on the takeover, including board and management appointments.
Read MoreAMC – Credit Suisse rates the stock as Neutral
Amcor has received EU approval to proceed with the Bemis acquisition subject to the divestment of two packaging plants in the UK and one in Ireland, which represent around US$170m of sales.
Read MoreAMC – Morgans rates the stock as Hold
Amcor’s result met the broker once adjusted for adverse currency moves. Flexibles delivered a reasonable result while Rigid Plastics returned to growth after a tough FY18, the broker notes. Emerging market earnings stood out in rising 9% after falling -9% the same period last year while developed market earnings were flat.
Read MoreCurrency Tailwinds Rescue Amcor Result
The weaker Aussie dollar against the greenback has come to the aid of shareholders in packaging giant, Amcor and softened the blow from what was a weakish first-half performance.
Read MoreAmcor Packages Solid Outlook
Packaging giant Amcor has provided a well-timed trading update for the start of its 2018-19 financial year.
Read MorePrivate Portfolio Managers talks Amcor (ASX:AMC)
In this Informed Investor video Hugh MacNally, Director and founder of Private Portfolio Managers explains why the firm continues to hold Amcor in their portfolios.
Read MoreUS Expansion Worries Overshadow Amcor Profit Lift
Global packaging manufacturer Amcor says it is starting to see a turnaround in recent tough trading conditions caused by higher raw material costs in some markets after reporting a 21% jump in full-year net profit in its last year as an Australian-based company.
Read MoreInvestors Cool On Amcor Dual Listing
Investors gave the thumbs down yesterday to the move by Australian packaging giant Amcor to buy US-based rival Bemis Company in a $US6.8 billion ($A9.2 billion) all – paper deal and shift its main stock exchange listing to America.
Read MoreAmcor Boxes Up Bemis Deal
Melbourne-based global packaging company Amcor has requested a trading halt, pending an announcement about an acquisition.
Read MoreAmcor Tipped To Buy US Packaging Company
Media reports say Amcor could announce a multi-billion dollar takeover in the US today.
Read MoreAmcor Warns On Earnings Hit As Costs Bite
Amcor has kicked off what is known as the ‘Confession Season” – usually starting in May and running through to mid June or early July for June 30 balancing companies. It’s when companies own up to stumbles or bumbles that result in downgrades to earnings forecasts.
Read MoreSolid Amcor Ups Dividend
Global packaging company Amcor has played down the strength of its second half outlook after lifting first half-year net profit 15% to $US329.7 million ($A461.6 million).
Read MoreAmcor Plotting US Takeover?
Packaging company Amcor is considering a takeover of smaller US rival Bemis Co.
Read MoreAmcor Boxes Solid Result
Incremental and highly confident could be three words you could use to sum up the 2016-17 results and outlook from the Melbourne-based global packaging giant, Amcor.
Read MoreAmcor Still The Full Package
Amcor now operates in 45 countries, including India, Malaysia, China and Argentina as well as countries in eastern Europe. The company is a play on global economic activity, but in a relatively resilient and defensive space. About one-third of revenue comes from the faster-growing emerging markets.
Read MoreAmcor Packages Solid Result
Packaging giant Amcor (AMC) manages consistently to convince investors it is on track, even after reporting what seemed, on first impression, a weak result.
Read MoreBlackRock Packages Amcor Stake
Very quietly, Blackrock Group, the world’s biggest investment manager, has spent the best part of six months and nearly $900 million accumulating a 5% stake in Australia’s Amcor, one of our leading multinationals with packaging interests across the globe.
Read MoreAmcor Shakes Off Venezuela Writedown
Shares in packaging giant Amcor (AMC) jumped nearly 5% after it revealed a solid set of figures for the 2015-16 financial year.
Read MoreVenezuela Unpacks Amcor
Amcor has joined a growing list of global companies to take a big hit from the slow collapse of the Venezuelan economy.
Read MoreAmcor Expands Into South America
Australia’s pre-eminent packaging multi-national, Amcor (AMC) is outlaying more than half a billion dollars to expand its footprint across South America.
Read MoreCurrency Headwinds Hit Amcor
Packaging giant Amcor (AMC) is maintaining its interim dividend after the stronger US dollar flattened revenue and income in the six months to December 31.
Read MoreAcquisitions Lift Amcor
Shares in packaging giant Amcor (AMC) jumped more than 6% at one stage in yesterday morning’s mad stockmarket fall after the company beat market analysts, but revealed a sharp rise in final dividend because of the weaker Aussie dollar.
Read MoreAmcor’s Shopping Spree Continues
Amcor (AMC) shares hardly moved yesterday in reaction to its second small packaging buy in a fortnight, but in yesterday’s sell down the rise of one a half cents was a solid performance.
Read MoreAmcor On Track After Demerger
Global packaging giant Amcor Limited (AMC) has delivered a 21.2% increase in 1H profit to $326.6 million. Shareholders will receive an unfranked interim dividend of 19.5 cents per share.
Read MoreAmcor Set For Divorce, Market Rejoices
The market loved the move by Amcor (AMC) to join the corporate divorce club and try and unlock value by splitting itself in two.
Read MoreAmcor’s Solid Half, Now For The Alcan Impact
Amcor’s interim was a bit anti-climatic after the company-changing the deal it has just closed on which saw it buy much of the packing assets of Alcan from its willing seller, Rio Tinto.
Read MoreAmcor To Pack Up Its Swedish & UK Packaging Plants
Packaging company, Amcor (AMC) is to sell its two flexible packaging plants located in Sweden and United Kingdom to a Swedish equity group, Accent Equity 2008.
Read MoreAMC Says Things Will Get Better
Long suffering shareholders in Amcor have been told there is light at the end of the tunnel that will mark the end of years of entanglement in the nasty Visy cardboard carton cartel, and serial underperformance.
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