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Graz (APA) – Credit Suisse securities experts confirmed their price target for AMS AG shares at 67.0 Swiss francs, in response to third-quarter sensor manufacturer figures. The purchase recommendation "Outperform" remains in place.
In Credit Suisse's badysis, Achal Sultania's team of experts exceeds its estimates for the third quarter, but the outlook for the fourth quarter ahead remains below market expectations, according to the comment.
Experts present two future scenarios for the titles of the Austrian company. In the best case ("Blue Sky Scenario"), ams AG will benefit, among other things, from its 3D detection technology. In addition, VSCEL laser technology can be used cost-effectively. In the end, by 2020, earnings per share would be 30% higher than current forecasts. The price target is set at 102.0 francs for this case.
In the "Gray Sky" scenario, ams AG will lose its main Apple orders by 2020. The group also misses its opportunities with the Samsung and Chinese mobile phone brands. In this case, the price target would fall to 31 francs, as earnings per share in 2020 from current estimates would be 45% lower.
The Credit Suisse team of experts currently estimates earnings per share for 2018 at CHF 2.50 and CHF 4.05 and CHF 4.90 for subsequent years. The dividend should rise to 0.35 francs per share over these three years.
On the stock market, ams shares reacted Tuesday with heavy losses compared to the third quarter figures. At noon, shares on the Zurich Stock Exchange fell by nearly 27% to 36.38 francs. It was the second largest price drop in the company's history.
Credit Suisse Institute of Analysis
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~ ISIN AT0000A18XM4 ~ APA224 2018-10-23 / 12: 40
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