These brokers change their minds everyday. AMC - AMCOR LIMITED
Deutsche Bank rates AMC as Buy (1) - The combination Amcor-Bemis has started selling off non-core assets and Deutsche Bank analysts suggest with the proceeds from these divestments management could announce a share buyback of up to US$1bn as early as the full year result in August.
In addition, the analysts believe there is upside surprise potential from merger synergies. Deutsche Bank retains the $19 price target alongside its Buy recommendation, while projecting 3 year EPS CAGR of 11%.
Target price is $19.00 Current Price is $15.54 Difference: $3.46 If AMC meets the Deutsche Bank target it will return approximately 22% (excluding dividends, fees and charges). Current consensus price target is $16.74, suggesting upside of 7.7%(ex-dividends)The company's fiscal year ends in June.
Forecast for FY19:
Current consensus EPS estimate is 87.3, implying annual growth of N/A.Current consensus DPS estimate is 65.5, implying a prospective dividend yield of 4.2%.Current consensus EPS estimate suggests the PER is 17.8.Forecast for FY20:
Current consensus EPS estimate is 98.6, implying annual growth of 12.9%.Current consensus DPS estimate is 71.2, implying a prospective dividend yield of 4.6%.Current consensus EPS estimate suggests the PER is 15.8.This company reports in USD.
AMC Price at posting:
$15.85 Sentiment: Buy Disclosure: Held
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