Morgan Stanley Issues Positive Forecast for Ardagh Metal Packaging (NYSE:AMBP) Stock Price

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) had its target price upped by equities research analysts at Morgan Stanley from $3.50 to $4.10 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Morgan Stanley's price objective would suggest a potential downside of 3.64% from the company's previous close.

Ardagh Metal Packaging Stock Down 0.4%

Shares of AMBP stock traded down $0.02 during mid-day trading on Wednesday, hitting $4.26. 509,782 shares of the stock were exchanged, compared to its average volume of 1,696,945. Ardagh Metal Packaging has a 52-week low of $2.50 and a 52-week high of $4.30. The company has a market cap of $2.54 billion, a PE ratio of -106.13, a price-to-earnings-growth ratio of 1.26 and a beta of 0.53. The firm has a fifty day moving average of $3.75 and a 200 day moving average of $3.17.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.01. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.17 billion. Ardagh Metal Packaging had a negative return on equity of 112.58% and a net margin of 0.08%. Ardagh Metal Packaging's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.01 earnings per share. Equities analysts predict that Ardagh Metal Packaging will post 0.16 EPS for the current year.

Institutional Trading of Ardagh Metal Packaging

Several large investors have recently made changes to their positions in the company. Rhumbline Advisers grew its position in shares of Ardagh Metal Packaging by 6.6% in the fourth quarter. Rhumbline Advisers now owns 161,504 shares of the company's stock valued at $486,000 after purchasing an additional 10,023 shares in the last quarter. Ieq Capital LLC raised its stake in Ardagh Metal Packaging by 15.7% during the fourth quarter. Ieq Capital LLC now owns 39,028 shares of the company's stock worth $117,000 after purchasing an additional 5,289 shares during the period. Fidelis Capital Partners LLC boosted its holdings in Ardagh Metal Packaging by 52.9% in the 4th quarter. Fidelis Capital Partners LLC now owns 26,781 shares of the company's stock valued at $81,000 after purchasing an additional 9,266 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Ardagh Metal Packaging by 14.0% in the 4th quarter. Victory Capital Management Inc. now owns 71,690 shares of the company's stock valued at $216,000 after purchasing an additional 8,802 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new stake in shares of Ardagh Metal Packaging in the 4th quarter valued at approximately $42,000. 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.

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