Ardagh Metal Packaging's (AMBP) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "hold (c)" rating for Ardagh Metal Packaging (AMBP), with analysts providing varying target prices, including a decrease to $4.00 by Wells Fargo and an increase to $5.00 by Citigroup.
• AMBP's quarterly earnings exceeded expectations, reporting $0.08 EPS and $1.43 billion in revenue, which marks an 8.8% year-over-year increase.
• Approximately 16.93% of AMBP's stock is currently owned by institutional investors, with significant share acquisitions by entities such as SG Americas Securities LLC and CWA Asset Management Group LLC during the third quarter.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report)'s stock had its "hold (c)" rating restated by stock analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

AMBP has been the subject of a number of other reports. Wells Fargo & Company decreased their target price on Ardagh Metal Packaging from $4.50 to $4.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 15th. Citigroup lifted their target price on Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Raymond James Financial started coverage on Ardagh Metal Packaging in a research note on Wednesday, October 15th. They issued a "market perform" rating for the company. Finally, UBS Group lifted their target price on Ardagh Metal Packaging from $3.75 to $4.00 and gave the company a "neutral" rating in a research note on Friday. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $4.22.

Ardagh Metal Packaging Price Performance

NYSE:AMBP traded down $0.23 during mid-day trading on Friday, reaching $3.80. The stock had a trading volume of 1,729,164 shares, compared to its average volume of 1,678,332. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of -126.50, a price-to-earnings-growth ratio of 1.33 and a beta of 0.56. Ardagh Metal Packaging has a 1-year low of $2.50 and a 1-year high of $4.78. The stock's 50 day simple moving average is $3.74 and its two-hundred day simple moving average is $3.82.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. Ardagh Metal Packaging had a negative return on equity of 76.86% and a net margin of 0.13%.The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the firm earned $0.08 earnings per share. The company's revenue for the quarter was up 8.8% compared to the same quarter last year. Sell-side analysts anticipate that Ardagh Metal Packaging will post 0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Ardagh Metal Packaging

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue acquired a new position in shares of Ardagh Metal Packaging during the third quarter worth approximately $91,000. SG Americas Securities LLC raised its holdings in Ardagh Metal Packaging by 135.7% during the third quarter. SG Americas Securities LLC now owns 41,714 shares of the company's stock worth $166,000 after purchasing an additional 24,013 shares in the last quarter. CWA Asset Management Group LLC raised its holdings in Ardagh Metal Packaging by 20.3% during the third quarter. CWA Asset Management Group LLC now owns 240,840 shares of the company's stock worth $961,000 after purchasing an additional 40,721 shares in the last quarter. CWM LLC raised its holdings in Ardagh Metal Packaging by 16.4% during the third quarter. CWM LLC now owns 46,662 shares of the company's stock worth $186,000 after purchasing an additional 6,558 shares in the last quarter. Finally, Gilman Hill Asset Management LLC raised its holdings in Ardagh Metal Packaging by 0.9% during the third quarter. Gilman Hill Asset Management LLC now owns 2,014,500 shares of the company's stock worth $8,038,000 after purchasing an additional 17,237 shares in the last quarter. 16.93% of the stock is currently owned by institutional investors and hedge funds.

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.

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