With a P/E ratio of 17.12 and an InvestingPro Financial Health score rated as "FAIR," the company maintains stable fundamentals. Jefferies highlighted a potential path for volumes to improve as Amcor reorients its portfolio and divests non-core assets that have previously weighed on growth performance. The firm emphasized that strategic mergers and acquisitions represent a meaningful driver for value creation in the packaging sector, which typically experiences low organic growth. Jefferies noted that M&A success depends on companies avoiding overpayment and ensuring smooth integration processes, factors it appears to view favorably in Amcor's case. In other recent news, Amcor plc reported its fiscal third-quarter earnings, which fell short of analyst expectations. The company posted adjusted earnings per share of $0.18, missing the forecast of $0.19, and revenue of $3.33 billion, which was below the expected $3.49 billion and represented a 2% year-over-year decline.