Wall Street Zen Downgrades Ardagh Metal Packaging (NYSE:AMBP) to Hold

Key Points

• Wall Street Zen downgraded Ardagh Metal Packaging to “hold” from “buy.” The broader analyst consensus is also “hold,” with one buy rating and six hold ratings and an average price target of $4.92.
• AMBP shares opened at $5.36, near their 52-week high of $5.47, after trading above both their 50-day and 200-day moving averages.
• The company exceeded quarterly expectations, reporting $0.11 in earnings per share versus $0.09 expected and revenue of $1.71 billion versus $1.57 billion, with revenue up 17.7% year over year.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

AMBP has been the subject of a number of other research reports. Wells Fargo & Company upped 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 report on Wednesday, July 15th. Citigroup reissued a "buy" rating on shares of Ardagh Metal Packaging in a research note on Friday, July 24th. 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ardagh Metal Packaging in a research report on Thursday. They set a "hold" rating and a $5.20 price target on the stock. Finally, UBS Group increased their price objective on shares of Ardagh Metal Packaging from $4.75 to $5.00 and gave the company a "neutral" rating in a report on Friday, July 24th. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $4.92.

Ardagh Metal Packaging Price Performance

Shares of NYSE:AMBP opened at $5.36 on Friday. Ardagh Metal Packaging has a 1 year low of $3.29 and a 1 year high of $5.47. The firm has a market capitalization of $3.20 billion, a PE ratio of 89.35, a P/E/G ratio of 1.02 and a beta of 0.51. The business's 50 day moving average price is $4.77 and its 200-day moving average price is $4.43.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. The firm had revenue of $1.71 billion during 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%.The firm's revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 EPS. As a group, analysts expect that Ardagh Metal Packaging will post 0.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AMBP. Optiver Holding B.V. grew its position in Ardagh Metal Packaging by 540.2% in the first quarter. Optiver Holding B.V. now owns 7,145 shares of the company's stock worth $29,000 after acquiring an additional 6,029 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Ardagh Metal Packaging in the 4th quarter valued at $33,000. Abel Hall LLC acquired a new position in shares of Ardagh Metal Packaging in the 1st quarter valued at $42,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Ardagh Metal Packaging during the 1st quarter worth $43,000. Finally, Nations Financial Group Inc. IA ADV purchased a new position in shares of Ardagh Metal Packaging during the 1st quarter worth $44,000. 16.93% of the stock is currently owned by institutional investors and hedge funds.

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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