Ardagh Metal Packaging (NYSE:AMBP) Price Target Raised to $4.10

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) had its price objective lifted by research analysts at Morgan Stanley from $3.50 to $4.10 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Morgan Stanley's target price would indicate a potential downside of 4.54% from the stock's previous close.

Ardagh Metal Packaging Stock Performance

AMBP traded down $0.04 during midday trading on Wednesday, reaching $4.30. The company had a trading volume of 3,861,969 shares, compared to its average volume of 1,711,805. The stock has a market cap of $2.57 billion, a PE ratio of -107.38, a P/E/G ratio of 1.30 and a beta of 0.53. Ardagh Metal Packaging has a 12-month low of $2.50 and a 12-month high of $4.36. The business has a 50-day moving average price of $3.85 and a two-hundred day moving average price of $3.19.

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

Institutional Trading of Ardagh Metal Packaging

Institutional investors have recently modified their holdings of the business. Boston Partners purchased a new stake in shares of Ardagh Metal Packaging during the 4th quarter valued at approximately $592,000. Norges Bank purchased a new stake in shares of Ardagh Metal Packaging during the 4th quarter valued at approximately $880,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of Ardagh Metal Packaging during the 4th quarter valued at approximately $286,000. Gilman Hill Asset Management LLC lifted its stake in shares of Ardagh Metal Packaging by 10.3% during the 1st quarter. Gilman Hill Asset Management LLC now owns 1,967,087 shares of the company's stock valued at $5,941,000 after buying an additional 184,305 shares in the last quarter. Finally, NBC Securities Inc. lifted its stake in shares of Ardagh Metal Packaging by 106,534.2% during the 1st quarter. NBC Securities Inc. now owns 81,042 shares of the company's stock valued at $244,000 after buying an additional 80,966 shares in the last quarter. 16.93% of the stock is currently owned by hedge funds and other institutional investors.

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.