These analysts change their minds every day, sounds like Election polsters who get it wrong
AMC - AMCOR LIMITED
Deutsche Bank rates AMC as Buy (1) - Deutsche Bank considers the proposed acquisition of Bemis positive and believes it will generate long-term value. The combined entity will become the global leader in consumer packaging.
Transaction and implementation costs of US$340m will be funded by capital expenditure in working capital synergies. Deutsche Bank retains a Buy rating and increases the target by 18% to $19.
Target price is $19.00 Current Price is $16.57 Difference: $2.43 If AMC meets the Deutsche Bank target it will return approximately 15% (excluding dividends, fees and charges). Current consensus price target is $16.00, suggesting downside of -3.4%(ex-dividends)The company's fiscal year ends in June.
Forecast for FY19:
Current consensus EPS estimate is 84.6, 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 19.6.Forecast for FY20:
Current consensus EPS estimate is 97.2, implying annual growth of 14.9%.Current consensus DPS estimate is 69.5, implying a prospective dividend yield of 4.2%.Current consensus EPS estimate suggests the PER is 17.0.This company reports in USD.
AMC Price at posting:
$16.57 Sentiment: Buy Disclosure: Held
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