Ardagh Metal Packaging (NYSE:AMBP) Given New $4.00 Price Target at UBS Group

Key Points

• UBS Group has reduced its price target for Ardagh Metal Packaging from $4.50 to $4.00, maintaining a "neutral" rating.
• The stock has a current market capitalization of $2.40 billion and recently increased by 0.4% to $4.02 during trading.
• Analysts have mixed ratings on the stock, with one sell rating, three hold ratings, and one buy rating, leading to a consensus rating of "Hold" with an average price target of $4.32.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) had its price objective dropped by UBS Group from $4.50 to $4.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the stock.

A number of other equities analysts also recently issued reports on AMBP. Morgan Stanley lifted their price target on Ardagh Metal Packaging from $3.50 to $4.10 and gave the company an "equal weight" rating in a research note on Wednesday, June 25th. Citigroup lifted their price target 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. Finally, Wells Fargo & Company set a $4.50 price target on Ardagh Metal Packaging and gave the company an "equal weight" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Ardagh Metal Packaging currently has a consensus rating of "Hold" and an average price target of $4.32.

Ardagh Metal Packaging Stock Performance

Shares of AMBP stock traded up $0.02 during mid-day trading on Tuesday, hitting $4.00. The company's stock had a trading volume of 2,011,857 shares, compared to its average volume of 1,797,858. The company's fifty day simple moving average is $4.23 and its 200-day simple moving average is $3.41. Ardagh Metal Packaging has a 52 week low of $2.50 and a 52 week high of $4.78. The company has a market cap of $2.39 billion, a PE ratio of -133.33, a P/E/G ratio of 1.41 and a beta of 0.56.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the company posted $0.06 EPS. The business's quarterly revenue was up 15.6% on a year-over-year basis. On average, equities analysts anticipate that Ardagh Metal Packaging will post 0.16 earnings per share for the current year.

Hedge Funds Weigh In On Ardagh Metal Packaging

A number of hedge funds and other institutional investors have recently modified their holdings of AMBP. JPMorgan Chase & Co. boosted its stake in shares of Ardagh Metal Packaging by 205.1% in the 4th quarter. JPMorgan Chase & Co. now owns 600,917 shares of the company's stock worth $1,809,000 after buying an additional 403,938 shares during the last quarter. Norges Bank purchased a new position in Ardagh Metal Packaging in the fourth quarter valued at approximately $880,000. Arrowstreet Capital Limited Partnership lifted its stake in Ardagh Metal Packaging by 31.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 402,722 shares of the company's stock valued at $1,212,000 after purchasing an additional 97,172 shares during the last quarter. Franklin Resources Inc. purchased a new position in Ardagh Metal Packaging in the fourth quarter valued at approximately $50,000. Finally, Geode Capital Management LLC lifted its stake in Ardagh Metal Packaging by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,810,069 shares of the company's stock valued at $5,448,000 after purchasing an additional 25,187 shares during the last quarter. Hedge funds and other 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.