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

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

A number of equities research analysts have recently issued reports on AMBP shares. 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. Citigroup cut their price target 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. Bank of America lowered shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and cut their price target for the company from $4.90 to $4.00 in a report on Wednesday, December 11th. Morgan Stanley upgraded shares of Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and cut their price target for the company from $3.60 to $3.10 in a report on Monday, January 13th. Finally, UBS Group dropped their price objective on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating on the stock in a research note on Friday, January 10th.

Ardagh Metal Packaging Price Performance

AMBP stock opened at $2.70 on Thursday. Ardagh Metal Packaging has a 52-week low of $2.66 and a 52-week high of $4.26. The company’s 50 day simple moving average is $3.03 and its 200-day simple moving average is $3.43. The firm has a market capitalization of $1.61 billion, a P/E ratio of -22.46, a P/E/G ratio of 0.54 and a beta of 0.64.

Institutional Investors Weigh In On Ardagh Metal Packaging

A number of hedge funds have recently made changes to their positions in AMBP. Dimensional Fund Advisors LP increased its position in shares of Ardagh Metal Packaging by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 749,853 shares of the company’s stock worth $2,550,000 after purchasing an additional 15,637 shares in the last quarter. AQR Capital Management LLC increased its position in 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 acquiring an additional 258,067 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Ardagh Metal Packaging in the 2nd quarter valued at about $188,000. Creative Planning increased its position in Ardagh Metal Packaging by 170.1% in the 3rd quarter. Creative Planning now owns 38,766 shares of the company’s stock valued at $146,000 after acquiring an additional 24,414 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in Ardagh Metal Packaging by 3.1% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 477,958 shares of the company’s stock valued at $1,802,000 after acquiring an additional 14,246 shares in the last quarter. Institutional investors and hedge funds own 16.93% of the company’s stock.

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.