Ardagh Metal Packaging (NYSE:AMBP) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Ardagh Metal Packaging to “Buy” from “Hold,” but the broader analyst consensus remains “Hold,” with six hold ratings and one buy rating and an average price target of $4.92.
• Ardagh reported quarterly EPS of $0.11, beating the $0.09 consensus estimate, while revenue rose 17.7% year over year to $1.71 billion, above expectations of $1.57 billion.
• AMBP shares opened at $4.64, compared with a 52-week range of $3.29 to $5.47; institutional investors own approximately 16.93% of the company.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday, Wall Street Zen reports.

A number of other research firms have also commented on AMBP. Deutsche Bank Aktiengesellschaft initiated coverage on Ardagh Metal Packaging in a research report on Thursday, August 20th. They set a "hold" rating and a $5.20 price target on the stock. Wells Fargo & Company lifted their price target on Ardagh Metal Packaging from $4.00 to $5.00 and gave the company an "equal weight" rating in a report on Wednesday, July 15th. Weiss Ratings upgraded shares of Ardagh Metal Packaging from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, August 7th. UBS Group upped their target price on shares of Ardagh Metal Packaging from $4.75 to $5.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Finally, Citigroup reaffirmed a "buy" rating on shares of Ardagh Metal Packaging in a report on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ardagh Metal Packaging has an average rating of "Hold" and a consensus target price of $4.92.

Ardagh Metal Packaging Price Performance

Shares of NYSE:AMBP opened at $4.64 on Friday. The business's fifty day moving average price is $4.94 and its two-hundred day moving average price is $4.46. Ardagh Metal Packaging has a fifty-two week low of $3.29 and a fifty-two week high of $5.47. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 77.43, a price-to-earnings-growth ratio of 0.86 and a beta of 0.51.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. Ardagh Metal Packaging had a negative return on equity of 27.93% and a net margin of 0.68%.The company had revenue of $1.71 billion during the quarter, compared to analysts' expectations of $1.57 billion. During the same period last year, the business earned $0.08 earnings per share. The business's revenue was up 17.7% on a year-over-year basis. Research analysts expect that Ardagh Metal Packaging will post 0.28 EPS for the current fiscal year.

Institutional Trading of Ardagh Metal Packaging

A number of large investors have recently bought and sold shares of the business. Arini Captial Management Ltd bought a new stake in shares of Ardagh Metal Packaging during the fourth quarter worth $46,109,000. Dimensional Fund Advisors LP grew its holdings in shares of Ardagh Metal Packaging by 20.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,637,767 shares of the company's stock worth $18,779,000 after buying an additional 801,019 shares in the last quarter. Weiss Asset Management LP lifted its stake in Ardagh Metal Packaging by 11,276.2% in the 1st quarter. Weiss Asset Management LP now owns 4,516,338 shares of the company's stock valued at $18,291,000 after acquiring an additional 4,476,638 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Ardagh Metal Packaging by 28.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,269,861 shares of the company's stock worth $13,243,000 after acquiring an additional 722,974 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Ardagh Metal Packaging by 31.9% in the first quarter. Renaissance Technologies LLC now owns 2,894,210 shares of the company's stock valued at $11,722,000 after purchasing an additional 699,478 shares during the last quarter. 16.93% of the stock is owned by institutional investors.

Ardagh Metal Packaging Company Profile

Ardagh Metal Packaging SA NYSE: AMBP is a global supplier of sustainable, infinitely recyclable metal packaging. The company primarily manufactures beverage cans and ends for beer, soft drinks, energy drinks, sparkling water and other beverage products, serving branded consumer-goods companies, retailers and beverage producers.

The company operates production facilities across Europe, North America and Brazil. Its products are designed for a range of beverage formats and sizes, with a focus on lightweighting, recyclability and packaging solutions that support customers' sustainability objectives.

Ardagh Metal Packaging was formed through the separation of Ardagh Group's metal beverage packaging operations and became a publicly traded company in 2021 following a business combination with a special purpose acquisition company.

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