Fintel reports that on January 13, 2025, Morgan Stanley upgraded their outlook for Ardagh Metal Packaging (NYSE:AMBP) from Underweight to Equal-Weight.
Analyst Price Forecast Suggests 46.23% Upside
As of December 23, 2024, the average one-year price target for Ardagh Metal Packaging is $4.13/share. The forecasts range from a low of $3.03 to a high of $5.25. The average price target represents an increase of 46.23% from its latest reported closing price of $2.82 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Ardagh Metal Packaging is 5,559MM, an increase of 14.74%. The projected annual non-GAAP EPS is 0.63.
What is the Fund Sentiment?
There are 267 funds or institutions reporting positions in Ardagh Metal Packaging. This is an increase of 8 owner(s) or 3.09% in the last quarter. Average portfolio weight of all funds dedicated to AMBP is 0.22%, an increase of 0.10%. Total shares owned by institutions increased in the last three months by 2.43% to 114,641K shares. 
The put/call ratio of AMBP is 0.25, indicating a bullish outlook.
What are Other Shareholders Doing?
Canyon Capital Advisors holds 10,155K shares representing 1.70% ownership of the company. No change in the last quarter.
Goldman Sachs Group holds 6,131K shares representing 1.03% ownership of the company. In its prior filing, the firm reported owning 3,889K shares , representing an increase of 36.56%. The firm decreased its portfolio allocation in AMBP by 58.07% over the last quarter.
Private Management Group holds 5,514K shares representing 0.92% ownership of the company. In its prior filing, the firm reported owning 5,543K shares , representing a decrease of 0.53%. The firm increased its portfolio allocation in AMBP by 1.17% over the last quarter.
Platinum Equity holds 5,311K shares representing 0.89% ownership of the company. No change in the last quarter.
Citigroup holds 5,105K shares representing 0.85% ownership of the company. In its prior filing, the firm reported owning 32K shares , representing an increase of 99.37%. The firm increased its portfolio allocation in AMBP by 6,777.84% over the last quarter.
Ardagh Metal Packaging Background Information
(This description is provided by the company.)
Ardagh Metal Packaging is a leading global supplier of infinitely recyclable, sustainable, metal beverage cans and ends to brand owners. A subsidiary of Ardagh’s sustainable packaging business, AMP is a leading industry player across Europe and the Americas with innovative production capabilities. AMP operates 23 production facilities in nine countries, employing close to 5,000 employees and had sales of approximately $3.5 billion in 2020.
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