Ardagh Metal Packaging (NYSE:AMBP) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank initiated coverage of Ardagh Metal Packaging with a “hold” rating and a $5.20 price target, implying roughly 0.67% downside from the stock’s $5.24 price.
• Analyst sentiment remains mostly neutral: six analysts rate the shares “hold” and one rates them “buy,” producing an average “hold” rating and an average price target of $4.92.
• Ardagh reported quarterly EPS of $0.11 versus the $0.09 consensus estimate, while revenue of $1.71 billion exceeded expectations and increased 17.7% year over year.

Research analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) in a research report issued on Thursday. The brokerage set a "hold" rating and a $5.20 price target on the stock. Deutsche Bank Aktiengesellschaft's price target would suggest a potential downside of 0.67% from the stock's current price.

A number of other brokerages have also commented on AMBP. UBS Group lifted their price target on Ardagh Metal Packaging from $4.75 to $5.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Wall Street Zen raised Ardagh Metal Packaging from a "hold" rating to a "buy" rating in a research note on Saturday, July 25th. Weiss Ratings raised Ardagh Metal Packaging from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, August 7th. Citigroup reiterated a "buy" rating on shares of Ardagh Metal Packaging in a report on Friday, July 24th. Finally, Wells Fargo & Company lifted their target price on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $4.92.

Ardagh Metal Packaging Stock Performance

Shares of AMBP opened at $5.24 on Thursday. Ardagh Metal Packaging has a 52 week low of $3.29 and a 52 week high of $5.47. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 87.26, a PEG ratio of 0.99 and a beta of 0.51. The stock has a fifty day moving average of $4.73 and a 200-day moving average of $4.41.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AMBP. Optiver Holding B.V. boosted its stake in shares of Ardagh Metal Packaging by 540.2% in the 1st quarter. Optiver Holding B.V. now owns 7,145 shares of the company's stock valued at $29,000 after purchasing an additional 6,029 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Ardagh Metal Packaging during the fourth quarter worth $33,000. Abel Hall LLC acquired a new position in Ardagh Metal Packaging in the first quarter valued at $42,000. Dynamic Technology Lab Private Ltd acquired a new position in Ardagh Metal Packaging in the first quarter valued at $43,000. Finally, Nations Financial Group Inc. IA ADV bought a new stake in Ardagh Metal Packaging during the first quarter valued at $44,000. Institutional investors own 16.93% of the company's stock.

Ardagh Metal Packaging Company Profile

Ardagh Metal Packaging NYSE: AMBP is a global supplier of metal packaging solutions, specializing in the production of steel and aluminum beverage cans, food cans and ends. As a segment of the Ardagh Group, the company supports a broad range of food and beverage customers, including soft drink and craft beer producers, as well as food manufacturers requiring durable, recyclable packaging. Its product portfolio encompasses two‐piece and three‐piece cans, a variety of can ends and closures, and value‐added services such as custom lithography and decorating.

The company operates a network of manufacturing plants across North America and Europe, serving both regional and multinational clients.

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