Amcor shares (ASX:AMC) are holding steady today, closing out at A$12.41, and moving slightly off lows, following Goldman Sachs’ initiation of coverage with a ‘Buy’ rating, and A$16.50 price target, suggesting significant upside potential despite a challenging demand landscape. The firm’s bullish stance has provided a boost to the packaging giant, which has navigated a mixed fiscal year.
Amcor’s strategic developments remain a key focus for the markets.
A significant milestone was the successful completion of the merger with Berry Global in May. According to Amcor CEO Peter Konieczny, the merger will provide “improved positions in attractive categories and expanded innovation capabilities.” The company anticipates $650 million in total synergies from the merger by year three, with $260 million expected in fiscal 2026.
For the quarter ending March 31, Amcor reported net sales of $3.333 billion and a GAAP net income of $196 million, further underlining its operational scale. The firm declared a quarterly cash dividend of 12.75 cents per share. Amcor projects adjusted EPS of 72-74 cents per share for fiscal 2025.
Top Australian Brokers
- Pepperstone - Top Australian broker - Read our review
- eToro - Invest in ASX and international shares - Read our review
Amcor’s recent performance reflects a complex interplay of strategic advancements and market headwinds. The successful Berry Global merger and positive analyst outlooks provide a foundation for potential growth, while past financial results indicate ongoing challenges. The markets will be closely watching Amcor’s ability to realize merger synergies and navigate the evolving economic landscape.
Don’t Buy Just Yet
You will want to see this before you make any decisions.
Before you decide which shares to add to your portfolio you might want to take a look at this special report we recently published.
Our experts picked out The 5 best ASX shares to buy in 2025.
We’re giving away this valuable research for FREE.
Click below to secure your copy
