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Here's Why Amcor (AMCR) is a Strong Momentum Stock

Zacks Equity Research
·2-min read

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Is This 1 Momentum Stock a Screaming Buy Right Now?

For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

Amcor (AMCR)

Amcor is a global leader in developing and producing responsible packaging for food, beverage, pharmaceutical, medical, home and personal care, and other products. Through its broad range of packaging products, which include flexible and rigid packaging, specialty cartons and closures, the company helps manufacturers protect their products and differentiate their brands.

AMCR boasts a Momentum Style Score of B and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of Amcor has seen some interesting price action recently; the stock is up 2.2% over the past one week and up 0.4% over the past four weeks. And in the last one-year period, AMCR has gained 23.8%. As for the stock's trading volume, 8,111,678.50 shares on average were traded over the last 20 days.

Momentum investors also pay close attention to a company's earnings. For AMCR, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $0.75 per share for 2025. AMCR boasts an average earnings surprise of 6.7%.

Investors should take the time to consider AMCR for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.

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Amcor PLC (AMCR) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research