Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives Average Recommendation of “Hold” from Brokerages

Ardagh Metal Packaging S.A. (NYSE:AMBP) has been assigned an average rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $3.37.

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

Institutional Investors Weigh In On Ardagh Metal Packaging

A number of large investors have recently added to or reduced their stakes in AMBP. Citigroup Inc. increased its position in shares of Ardagh Metal Packaging by 15,834.1% during the 3rd quarter. Citigroup Inc. now owns 5,104,806 shares of the company’s stock valued at $19,245,000 after purchasing an additional 5,072,769 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in Ardagh Metal Packaging by 37.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,778,166 shares of the company’s stock valued at $6,704,000 after acquiring an additional 489,146 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Ardagh Metal Packaging by 205.1% during the fourth quarter. JPMorgan Chase & Co. now owns 600,917 shares of the company’s stock worth $1,809,000 after acquiring an additional 403,938 shares in the last quarter. Norges Bank bought a new stake in shares of Ardagh Metal Packaging in the 4th quarter worth approximately $880,000. Finally, AQR Capital Management LLC boosted its stake in shares of Ardagh Metal Packaging by 422.4% in the 2nd quarter. AQR Capital Management LLC now owns 319,165 shares of the company’s stock valued at $1,085,000 after purchasing an additional 258,067 shares in the last quarter. Hedge funds and other institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Stock Performance

Shares of Ardagh Metal Packaging stock opened at $2.63 on Thursday. The stock has a market capitalization of $1.57 billion, a P/E ratio of -21.91, a P/E/G ratio of 0.51 and a beta of 0.64. Ardagh Metal Packaging has a 52-week low of $2.50 and a 52-week high of $4.26. The stock’s 50-day simple moving average is $2.92 and its 200 day simple moving average is $3.39.

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.