Ardagh Metal Packaging (NYSE:AMBP – Get Free Report) was upgraded by stock analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage currently has a $3.10 price target on the stock, down from their prior price target of $3.60. Morgan Stanley’s target price indicates a potential upside of 12.73% from the stock’s previous close.
A number of other equities analysts have also commented on AMBP. Citigroup lowered their price objective on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company decreased their price target on Ardagh Metal Packaging from $5.00 to $3.60 and set an “overweight” rating on the stock in a research report on Monday, January 6th. UBS Group dropped their price target on Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating for the company in a research note on Friday, January 10th. Finally, Bank of America downgraded shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $4.90 to $4.00 in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $3.41.
Check Out Our Latest Stock Report on AMBP
Ardagh Metal Packaging Trading Down 2.5 %
Ardagh Metal Packaging (NYSE:AMBP – Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the firm posted $0.06 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ardagh Metal Packaging will post 0.16 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Ballentine Partners LLC acquired a new stake in shares of Ardagh Metal Packaging in the 3rd quarter valued at approximately $42,000. Quarry LP bought a new position in Ardagh Metal Packaging in the 2nd quarter valued at approximately $45,000. nVerses Capital LLC boosted its position in Ardagh Metal Packaging by 70.4% in the third quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock valued at $46,000 after buying an additional 5,000 shares in the last quarter. Principal Financial Group Inc. boosted its position in Ardagh Metal Packaging by 34.5% in the second quarter. Principal Financial Group Inc. now owns 19,521 shares of the company’s stock valued at $66,000 after buying an additional 5,009 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Ardagh Metal Packaging by 23.1% during the third quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock worth $71,000 after buying an additional 3,515 shares during the last quarter. Institutional investors own 16.93% of the company’s stock.
About Ardagh Metal Packaging
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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