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New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves
Amcor plc (NYSE:AMCR) is included among the 11 Low PE High Dividend Stocks to Buy According to Analysts.
A global packaging leader, Amcor plc (NYSE:AMCR), is among the best dividend stocks according to analysts, with an upside potential of over 29%.
On October 10, Stifel upgraded Amcor plc (NYSE:AMCR) from Hold to Buy and revised its price target to $10.20 from $10.83. The upgrade came after Amcor’s merger with Berry on April 30, 2025, forming a major consumer packaging company with combined annual revenues of $23 billion. Stifel highlighted that the merger is expected to yield $530 million in cost synergies, $60 million in growth synergies, and $60 million in financial synergies.
The firm acknowledged that realizing these benefits will be challenging, especially given both companies’ limited track records of organic growth. However, Stifel believes that recent weak performance has already lowered expectations to more realistic levels.
Stifel now estimates that $355 million in total cost synergies will be achieved by 2028, which should support margin expansion, stronger free cash flow, and a projected 9% compound annual growth rate in adjusted EPS from 2025 to 2028.
This improved cash flow outlook positions Amcor plc (NYSE:AMCR) well to sustain its dividend payments comfortably. The company has already raised its payouts for 41 consecutive years and currently offers a quarterly dividend of $0.1275 per share. As of October 14, the stock has a dividend yield of 6.30%.
While we acknowledge the potential of AMCR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Best Dividend Stocks With Yields Above 4% and 12 Reliable Dividend Stocks for Maximum Income
Disclosure: None.
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