AMC - AMCOR LIMITED Credit Suisse rates AMC as Neutral (3) -...

AMC - AMCOR LIMITED

Credit Suisse rates AMC as Neutral (3) - Credit Suisse extends its review of the company's debt levels, reducing FY19 net debt estimates to US$4.6bn from US$5.1bn. This adds around $0.30 to valuation.
The broker also makes minor downgrades to estimates based on weak revenue momentum being observed in US and European food and US tobacco & beverages. Neutral rating maintained. Target is raised to $15.60 from $14.90.
Target price is $15.60 Current Price is $16.68 Difference: minus $1.08 (current price is over target). If AMC meets the Credit Suisse target it will return approximately minus 6% (excluding dividends, fees and charges - negative figures indicate an expected loss). Current consensus price target is $16.85, suggesting upside of 1.0%(ex-dividends)The company's fiscal year ends in June.
Forecast for FY19:
Credit Suisse forecasts a full year FY19 dividend of 64.34 cents and EPS of 84.32 cents .At the last closing share price the estimated dividend yield is 3.86%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 19.78. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 87.0, implying annual growth of N/A.Current consensus DPS estimate is 65.4, implying a prospective dividend yield of 3.9%.Current consensus EPS estimate suggests the PER is 19.2.Forecast for FY20:
Credit Suisse forecasts a full year FY20 dividend of 65.73 cents and EPS of 90.66 cents .At the last closing share price the estimated dividend yield is 3.94%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 18.40. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 97.9, implying annual growth of 12.5%.Current consensus DPS estimate is 70.5, implying a prospective dividend yield of 4.2%.Current consensus EPS estimate suggests the PER is 17.0.This company reports in USD.