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

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

AMBP has been the subject of a number of research analyst reports. Morgan Stanley raised shares of Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $3.60 to $3.10 in a research report on Monday, January 13th. UBS Group reduced 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 report on Friday, January 10th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $3.35 price objective (down from $3.60) on shares of Ardagh Metal Packaging in a research report on Thursday, January 16th. Bank of America cut shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $4.90 to $4.00 in a research report on Wednesday, December 11th. Finally, Citigroup reduced their target price on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating for the company in a research report on Monday, January 6th.

Institutional Investors Weigh In On Ardagh Metal Packaging

Institutional investors have recently modified their holdings of the business. Ieq Capital LLC lifted its position in Ardagh Metal Packaging by 15.7% during the fourth quarter. Ieq Capital LLC now owns 39,028 shares of the company’s stock worth $117,000 after purchasing an additional 5,289 shares during the period. Rhumbline Advisers lifted its position in Ardagh Metal Packaging by 6.6% during the fourth quarter. Rhumbline Advisers now owns 161,504 shares of the company’s stock worth $486,000 after purchasing an additional 10,023 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Ardagh Metal Packaging by 36,067.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 134,183 shares of the company’s stock worth $399,000 after purchasing an additional 133,812 shares during the period. Principle Wealth Partners LLC lifted its position in Ardagh Metal Packaging by 13.3% during the fourth quarter. Principle Wealth Partners LLC now owns 56,987 shares of the company’s stock worth $172,000 after purchasing an additional 6,672 shares during the period. Finally, Clarity Financial LLC lifted its position in Ardagh Metal Packaging by 318.0% during the fourth quarter. Clarity Financial LLC now owns 52,244 shares of the company’s stock worth $157,000 after purchasing an additional 39,744 shares during the period. Institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Trading Down 1.6 %

Shares of AMBP opened at $2.70 on Thursday. The company has a market cap of $1.61 billion, a price-to-earnings ratio of -22.46, a PEG ratio of 0.54 and a beta of 0.64. Ardagh Metal Packaging has a 1-year low of $2.66 and a 1-year high of $4.26. The company’s fifty day simple moving average is $3.03 and its 200 day simple moving average is $3.43.

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.