Morgan Stanley Updates Price Target for Ardagh Metal Packaging to $4.20, Maintains Equal-Weight Rating
June 23, 2023
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ARDAGH METAL PACKAGING S.A ($NYSE:AMBP) is a global leader in metal and glass packaging solutions. The company provides customized and innovative packaging solutions for the food, beverage, and other industries. Recently, Morgan Stanley has changed its price target for Ardagh Metal Packaging to $4.20, from the previous $5.50, while keeping its Equal-Weight Rating intact. The decision by Morgan Stanley highlights the company’s recent struggles with its finances and operations. Ardagh Metal Packaging has experienced a decrease in revenue as a result of the recent economic downturn, coupled with high debt levels and operational issues.
Despite this, Ardagh Metal Packaging continues to develop new products and services to meet the demand of their customer base. In the meantime, Morgan Stanley has kept their Equal-Weight Rating for Ardagh Metal Packaging, indicating that it is still an attractive investment due to the potential for future growth. Although the price target has been lowered, it is still higher than the current trading price, which could mean that the stock is good value at current levels. Overall, investors should continue to monitor Ardagh Metal Packaging’s performance and outlook for further updates on their price target.
Share Price
On Thursday, ARDAGH METAL PACKAGING S.A stock opened at $3.9 and closed at $3.8, representing a decrease of 2.8% from its prior closing price of 3.9. These results indicate that investors remain skeptical of the company’s performance in the near future, despite the positive outlook from Morgan Stanley on the stock. Though the stock suffered a dip in its price on Thursday, it remains to be seen how the company fares in the coming days in light of Morgan Stanley’s renewed optimism. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AMBP. More…
| Total Revenues | Net Income | Net Margin |
| 4.68k | 156 | 3.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AMBP. More…
| Operations | Investing | Financing |
| 142 | -604 | 369 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AMBP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.66k | 5.29k | 0.76 |
Key Ratios Snapshot
Some of the financial key ratios for AMBP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.9% | -3.9% | 7.8% |
| FCF Margin | ROE | ROA |
| -9.9% | 49.9% | 4.0% |
Analysis
At GoodWhale, we provide risk ratings and analysis services to help potential investors make informed decisions when it comes to making investments. After careful evaluation and analysis, we have determined that ARDAGH METAL PACKAGING S.A is a high risk investment. We found two risk warnings in its income statement and cashflow statement that indicate potential issues with the company’s finances. These warnings may include a decrease in revenue, an increase in expenses, or a decrease in net income. We highly advise potential investors to review the company’s financials before making any decisions. At GoodWhale, we strive to make sure that investors are aware of all possible risks when it comes to investing. To learn more about ARDAGH METAL PACKAGING S.A’s financials and risks associated with it, please register on goodwhale.com and check out our analysis. More…
Peers
The company’s products are used by some of the world’s leading food and beverage brands. Ardagh Metal Packaging SA’s main competitors are Shetron Ltd, Kingcan Holdings Ltd, and Greatview Aseptic Packaging Co Ltd.
– Shetron Ltd ($BSE:526137)
Shetron Ltd is a publicly traded company with a market capitalization of $658.59 million as of 2022. The company has a return on equity of 17.0%. Shetron Ltd is engaged in the business of providing engineering and construction services. The company operates in two segments: Engineering and Construction, and Equipment Leasing and Rental.
– Kingcan Holdings Ltd ($TWSE:8411)
Kingcan Holdings Ltd is a food and beverage company with a market cap of 2.26B as of 2022. The company has a ROE of 3.55%. Kingcan Holdings Ltd is engaged in the business of production, marketing and sale of food and beverage products. The company’s products include processed meat, canned fruits and vegetables, dairy products, beverages, and other food products. Kingcan Holdings Ltd is headquartered in Hong Kong.
– Greatview Aseptic Packaging Co Ltd ($SEHK:00468)
Greatview Aseptic Packaging Co Ltd is a leading international manufacturer of aseptic carton packaging solutions. The company has a market capitalization of 1.52 billion as of 2022 and a return on equity of 6.65%. Greatview Aseptic Packaging Co Ltd designs, manufactures and sells a range of aseptic carton packaging solutions for the food and beverage industry. The company’s products are used by some of the world’s leading food and beverage brands.
Summary
Morgan Stanley recently adjusted its price target on Ardagh Metal Packaging S.A. from $5.50 to $4.20, while maintaining an Equal-Weight rating. This suggests that Morgan Stanley expects Ardagh’s stock to remain relatively stable in the near future. Ardagh is an international packaging company that manufactures and distributes metal and glass containers for food and beverage markets worldwide. The company’s key strengths include an extensive global customer base, a well-diversified product portfolio, and a strong balance sheet.
Further, its strategic acquisitions have enabled Ardagh to further expand its services and customer base, which provide additional growth potential going forward. Investors should keep an eye on any updates regarding Ardagh’s operations, particularly in light of the current market conditions.
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