Ardagh Metal Packaging (NYSE:AMBP) Given New $5.00 Price Target at Citigroup

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) had its price target hoisted by equities research analysts at Citigroup from $4.00 to $5.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. Citigroup's target price suggests a potential upside of 10.50% from the stock's current price.

Separately, Morgan Stanley raised their target price on shares of Ardagh Metal Packaging from $3.50 to $4.10 and gave the company an "equal weight" rating in a research note on Wednesday, June 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $3.84.

Ardagh Metal Packaging Stock Performance

AMBP traded up $0.10 during trading on Thursday, hitting $4.53. The stock had a trading volume of 680,731 shares, compared to its average volume of 1,634,144. The company has a market capitalization of $2.70 billion, a PE ratio of 23.74, a PEG ratio of 1.35 and a beta of 0.56. Ardagh Metal Packaging has a twelve month low of $2.50 and a twelve month high of $4.53. The stock has a 50 day simple moving average of $3.98 and a two-hundred day simple moving average of $3.23.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.17 billion. Ardagh Metal Packaging had a net margin of 0.08% and a negative return on equity of 112.58%. Ardagh Metal Packaging's revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm earned $0.01 earnings per share. On average, equities research analysts anticipate that Ardagh Metal Packaging will post 0.16 EPS for the current year.

Institutional Investors Weigh In On Ardagh Metal Packaging

Several institutional investors and hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. increased its holdings in Ardagh Metal Packaging by 140.6% in the first quarter. SBI Securities Co. Ltd. now owns 9,173 shares of the company's stock valued at $28,000 after buying an additional 5,361 shares in the last quarter. Larson Financial Group LLC purchased a new position in Ardagh Metal Packaging in the fourth quarter valued at $30,000. Tower Research Capital LLC TRC increased its holdings in Ardagh Metal Packaging by 292.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,975 shares of the company's stock valued at $33,000 after buying an additional 8,180 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Ardagh Metal Packaging in the first quarter valued at $33,000. Finally, Xponance Inc. purchased a new position in Ardagh Metal Packaging in the fourth quarter valued at $41,000. 16.93% of the stock is currently owned by institutional investors and hedge funds.

Ardagh Metal Packaging Company Profile

Ardagh Metal Packaging SA, together with its subsidiaries, supplies consumer metal beverage cans in Europe, the United States, and Brazil. Its products are used in various end-use categories, including beer, carbonated soft drinks, energy drinks, hard seltzers, juices, pre-mixed cocktails, teas, sparkling waters, and wine.