Amcor Surges to 224th in Trading Volume with $379 Million Turnover

On April 22, 2025, Amcor (AMCR) saw a significant increase in trading volume, with a turnover of $379 million, marking an 84.01% rise from the previous day. This surge placed Amcor at the 224th position in terms of trading volume for the day. The stock price of Amcor also rose by 2.69%.

Market analysts anticipate that Amcor will report higher revenues and a year-over-year increase in earnings for the quarter ending March 2025. This expectation is based on the company's strong performance and strategic initiatives. Analysts covering the company suggest that earnings are projected to grow by 11% annually over the next three years, indicating a positive outlook for the company's financial health.

Amcor's merger with Berry is expected to close by mid-2025, which could potentially assist the company in achieving its 2025 earnings per share (EPS) guidance of 72 to 76 cents per share. The synergies from this merger are anticipated to drive growth and enhance the company's financial performance.

Raymond James has initiated coverage of Amcor with a Market Perform rating, reflecting a cautious yet stable outlook for the stock. The company reported second-quarter results that met analyst expectations with an adjusted EPS of $0.16, although revenue fell short at $3.24 billion. Despite this, the merger with Berry is seen as a strategic move that could bolster Amcor's market position and financial performance.

Truist has adjusted its price target for Amcor, implying an upside of 20.09% from the current price of $9.31. This adjustment reflects the market's confidence in Amcor's future growth prospects and its ability to deliver on its earnings guidance. However, some analysts have expressed concerns about the stock's performance, noting that it holds several negative signals and is within a wide and falling trend, which could impact its short-term performance.