<WIRE> Macquarie Believes Orora's (ASX:ORA) Saverglass Acquisition Will Accelerate Earnings Growth

Macquarie, an investment firm, has expressed the view that the acquisition of Saverglass by Australia’s Orora (ASX:ORA) will accelerate the company’s earnings growth profile.

Macquarie has set a price target of A$3.40 for the packaging company, rating it as an ‘Outperform’.

The firm stated that the acquisition of Saverglass would propel Orora further up the packaging value chain, particularly catering to the high-end ‘product-to-pack’ segment.

Macquarie predicts EPS growth of 14% and 12% for fiscal years 2025 and 2026, respectively.

This growth is expected to stem from a solid base business growth and contributions from Saverglass.

As it stands, Orora’s stock is currently up by 0.7% at A$2.79.

Out of 11 analysts, two rate the company’s stock as a ‘Buy’, nine maintain a ‘Hold’ rating, with a median price target of A$3.30 according to LSEG data.

Orora’s stock has seen a 2.6% growth Year-To-Date based on the last closing figures.

Notably, Orora is a packaging company based in Australia.

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