Citi Reiterated a Buy Rating Ardagh Metal Packaging (AMBP), Kept the PT Unchanged

Ardagh Metal Packaging S.A. (NYSE:AMBP) is one of the 11 Hot Penny Stocks to Buy Right Now. On July 2, Anthony Pettinari from Citi reiterated a Buy rating on Ardagh Metal Packaging S.A. (NYSE:AMBP) and raised the price target on the stock from $4 to $5. The price target upgrade comes after the company announced the schedule for its Q2 2025 earnings call, which is planned to take place on July 24.

Ardagh Metal Packaging S.A. (NYSE:AMBP) reported strong results in its Q1 2025. The company reported total revenue of $1.268 billion, up 11% year-over-year and driven by 6% global shipments growth and double-digit growth in Adjusted EBITDA. Its strong demand for non-alcoholic beverages led to an increased global shipments with 7% growth in the Americas, 5% in Europe, and an 8% increase in North America.

Citi Reiterated a Buy Rating Ardagh Metal Packaging (AMBP), Kept the PT Unchanged

A shipping container filled with freshly-produced aluminum cans ready for distribution.

Moreover, the company reported an adjusted EBITDA of $155 million, representing a 16% increase. Management is anticipating adjusted EBITDA for the second quarter to be between the range of $195 million and $205 million.

Ardagh Metal Packaging S.A. (NYSE:AMBP) is a Luxembourg-based company specializing in the production and supply of metal beverage cans.

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Disclosure: None. This article is originally published at Insider Monkey.