Ardagh Metal Packaging S.A. (NYSE:AMBP) Given Average Rating of “Hold” by Analysts

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have received a consensus recommendation of “Hold” from the six ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $3.37.

A number of analysts have recently weighed in on the company. Citigroup dropped their price objective on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Bank of America lowered shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and cut their price target for the stock from $4.90 to $4.00 in a report on Wednesday, December 11th. UBS Group dropped their target price on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating for the company in a report on Friday, January 10th. Morgan Stanley raised Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and cut their target price for the stock from $3.60 to $3.10 in a research note on Monday, January 13th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $3.35 price target (down previously from $3.60) on shares of Ardagh Metal Packaging in a report on Thursday, January 16th.

Institutional Trading of Ardagh Metal Packaging

Several large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Ardagh Metal Packaging by 195.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 196,979 shares of the company’s stock valued at $743,000 after purchasing an additional 130,264 shares during the period. HighTower Advisors LLC grew its stake in Ardagh Metal Packaging by 106.7% in the third quarter. HighTower Advisors LLC now owns 32,524 shares of the company’s stock worth $122,000 after purchasing an additional 16,786 shares during the period. AQR Capital Management LLC grew its stake in Ardagh Metal Packaging by 422.4% in the second quarter. AQR Capital Management LLC now owns 319,165 shares of the company’s stock worth $1,085,000 after purchasing an additional 258,067 shares during the period. Signaturefd LLC lifted its position in Ardagh Metal Packaging by 23.1% during the third quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock valued at $71,000 after buying an additional 3,515 shares during the period. Finally, Citigroup Inc. lifted its position in Ardagh Metal Packaging by 15,834.1% during the third quarter. Citigroup Inc. now owns 5,104,806 shares of the company’s stock valued at $19,245,000 after buying an additional 5,072,769 shares during the period. 16.93% of the stock is owned by institutional investors.

Ardagh Metal Packaging Price Performance

Shares of AMBP stock opened at $2.63 on Thursday. The business has a 50-day moving average of $2.92 and a 200 day moving average of $3.39. Ardagh Metal Packaging has a 1-year low of $2.50 and a 1-year high of $4.26. The stock has a market capitalization of $1.57 billion, a PE ratio of -21.91, a P/E/G ratio of 0.51 and a beta of 0.64.

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.