Deutsche Bank Starts Amira Nature Foods Ltd. (ANFI) at Buy

November 5, 2012 6:49 AM EST
Get Alerts ANFI Hot Sheet
Price: $5.84 +1.74%

Rating Summary:
    3 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Deutsche Bank initiates coverage on recent IPO Amira Nature Foods Ltd. (NYSE: ANFI) with a Buy. PT $13.00.

The firm comments, "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."

Amira Nature Foods' long-term goals are sales growth 20%+, $150 mil+ EBITDA, EPS growth 30%+. Deutsche Bank's expectations are more modest, and they establish F2013 (end Mar), F2014, F2015 EPS of $0.65, $0.88 and $1.10, respectively.

For an analyst ratings summary and ratings history on Amira Nature Foods Ltd. click here. For more ratings news on Amira Nature Foods Ltd. click here.

Shares of Amira Nature Foods Ltd. closed at $8.45 yesterday.

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