Market Overview

UPDATE: Deutsche Bank Initiates Amira Nature Foods at Buy on Growth Outlook

Related ANFI
Amira Nature Foods Gains 29%, Boosts FY15 Outlook
Mid-Afternoon Market Update: Brown Shoe Shares Rise On Earnings Beat; Casey's Tumbles

Deutsche Bank initiated coverage on Amira Nature Foods (NYSE: ANFI) with a Buy rating and a $13 price target.

Deutsche Bank commented, "As a rapidly growing company focused on its brand and the global basmati rice market, we expect strong volume, EBIT and EPS performance. We see the stock's (post IPO) valuation as too low vs. typical packaged food as well as small cap, fast growing CPG companies. … The company's LT goals incl: sales growth 20%+, $150 mil+ EBITDA, EPS growth 30%+. While our LT expectations are more modest, we establish F2013 (end Mar), F2014, F2015 EPS of $0.65, $0.88 and $1.10, respectively. We look to continued volume, gross profit and EBIT dollar growth as success measures."

Amira Nature Foods closed at $8.11 on Friday.

Latest Ratings for ANFI

DateFirmActionFromTo
Jun 2014Deutsche BankMaintainsHold
May 2014JefferiesDowngradesBuyHold
Mar 2014Deutsche BankMaintainsHold

View More Analyst Ratings for ANFI
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

Related Articles (ANFI)

Around the Web, We're Loving...

Get Benzinga's Newsletters