Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives $3.37 Consensus Target Price from Brokerages

Ardagh Metal Packaging S.A. (NYSE:AMBP) has been given an average rating of “Hold” by the six research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $3.37.

A number of research analysts recently commented on AMBP shares. Morgan Stanley raised shares of Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and lowered their price target for the company from $3.60 to $3.10 in a report on Monday, January 13th. Citigroup dropped their target price on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating for the company in a report on Monday, January 6th. Bank of America lowered Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and decreased their price target for the company from $4.90 to $4.00 in a report on Wednesday, December 11th. UBS Group dropped their price objective on shares of 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, Wells Fargo & Company reissued an “equal weight” rating and issued a $3.35 target price (down previously from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday, January 16th.

Ardagh Metal Packaging Stock Performance

Shares of AMBP opened at $2.66 on Thursday. The stock has a market capitalization of $1.59 billion, a PE ratio of -22.12, a P/E/G ratio of 0.51 and a beta of 0.64. The company’s fifty day moving average is $2.96 and its 200 day moving average is $3.41. Ardagh Metal Packaging has a fifty-two week low of $2.50 and a fifty-two week high of $4.26.

Institutional Investors Weigh In On Ardagh Metal Packaging

Institutional investors and hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC purchased a new stake in shares of Ardagh Metal Packaging in the 4th quarter worth approximately $30,000. Cibc World Markets Corp purchased a new stake in Ardagh Metal Packaging during the fourth quarter worth $41,000. Ballentine Partners LLC bought a new stake in Ardagh Metal Packaging during the 3rd quarter valued at $42,000. Aigen Investment Management LP purchased a new position in shares of Ardagh Metal Packaging in the 4th quarter valued at $42,000. Finally, nVerses Capital LLC raised its position in shares of Ardagh Metal Packaging by 70.4% in the 3rd quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock worth $46,000 after acquiring an additional 5,000 shares in the last quarter. 16.93% of the stock is owned by 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.