Key Highlights:
- Amcor and Berry Global Group's merger received unconditional approval from the European Commission, with completion expected by April 2025.
- Analysts offer an average 12-month price target of $11.06 for Amcor, suggesting a potential upside of 15.89% from the current price.
- The consensus recommendation for Amcor is "Outperform," with a GF Value estimate pointing to a 10.48% potential increase in stock value.
European Commission Approves Amcor and Berry Global Merger
Amcor (AMCR, Financial) and Berry Global Group have successfully navigated the final regulatory hurdle as the European Commission has given its unconditional approval for their strategic merger. This monumental move is projected to reach completion by April 30, 2025. Notably, Amcor plans to unveil its Q3 fiscal results on the same date, complemented by an investor briefing to discuss future strategies.
Analyst Price Targets and Recommendations
According to projections from eight reputable analysts, Amcor PLC (AMCR, Financial) targets an average price of $11.06 over the next year. This optimism is framed within a high estimate of $12.00 and a low of $10.00, indicating a potential upside of 15.89% from its current valuation of $9.54. For a deeper dive into the estimates, visit the Amcor PLC (AMCR) Forecast page.
Nine brokerage firms collectively assign Amcor PLC's (AMCR, Financial) a robust 2.3 recommendation, translating to an "Outperform" status. This assessment falls within a rating system where 1 connotes a Strong Buy and 5 signifies a Sell recommendation.
Amcor's Future Valuation with GF Value
Through the lens of GuruFocus estimates, Amcor PLC (AMCR, Financial) anticipates a GF Value of $10.54 in the coming year. This valuation hints at a 10.48% upside from the current trading price of $9.54. The GF Value reflects GuruFocus' calculated fair value based on the historical trading multiples and the anticipated growth trajectory of the business. For more comprehensive information, visit the Amcor PLC (AMCR) Summary page.
