UBS Group Lowers Ardagh Metal Packaging (NYSE:AMBP) Price Target to $2.75

Ardagh Metal Packaging (NYSE:AMBP) had its target price reduced by analysts at UBS Group from $4.25 to $2.75 in a report released on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 1.10% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company cut their price target on Ardagh Metal Packaging from $5.00 to $3.60 and set an “overweight” rating on the stock in a report on Monday. Bank of America lowered shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and decreased their target price for the company from $4.90 to $4.00 in a research note on Wednesday, December 11th. Finally, Citigroup reduced their price objective on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating for the company in a research note on Monday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Ardagh Metal Packaging has an average rating of “Hold” and an average price target of $3.43.

Ardagh Metal Packaging Stock Down 0.4 %

Shares of NYSE AMBP traded down $0.01 during mid-day trading on Friday, hitting $2.72. The company had a trading volume of 1,321,065 shares, compared to its average volume of 1,687,847. The company has a market capitalization of $1.63 billion, a PE ratio of -22.66, a price-to-earnings-growth ratio of 0.79 and a beta of 0.65. The company has a debt-to-equity ratio of 124.21, a current ratio of 1.17 and a quick ratio of 0.88. Ardagh Metal Packaging has a 1-year low of $2.66 and a 1-year high of $4.26. The business’s 50-day simple moving average is $3.37 and its 200 day simple moving average is $3.53.

Ardagh Metal Packaging (NYSE:AMBP) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.34 billion. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 EPS. On average, analysts predict that Ardagh Metal Packaging will post 0.16 earnings per share for the current year.

Institutional Trading of Ardagh Metal Packaging

Several institutional investors have recently made changes to their positions in AMBP. Citigroup Inc. lifted its holdings in shares of Ardagh Metal Packaging by 15,834.1% in the third quarter. Citigroup Inc. now owns 5,104,806 shares of the company’s stock worth $19,245,000 after buying an additional 5,072,769 shares in the last quarter. King Street Capital Management L.P. bought a new stake in shares of Ardagh Metal Packaging during the 2nd quarter valued at $14,790,000. Squarepoint Ops LLC raised its position in Ardagh Metal Packaging by 523.8% in the 2nd quarter. Squarepoint Ops LLC now owns 2,914,124 shares of the company’s stock worth $10,568,000 after buying an additional 2,446,997 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Ardagh Metal Packaging by 37.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,778,166 shares of the company’s stock valued at $6,704,000 after purchasing an additional 489,146 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Ardagh Metal Packaging by 48.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,325,132 shares of the company’s stock valued at $4,505,000 after acquiring an additional 433,700 shares during the period. Institutional investors own 16.93% of the company’s stock.

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.