Ardagh Metal Packaging (NYSE:AMBP) Price Target Cut to $2.75 by Analysts at UBS Group

Ardagh Metal Packaging (NYSE:AMBP) had its price objective dropped by equities research analysts at UBS Group from $4.25 to $2.75 in a report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential upside of 3.00% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company lowered their target price on shares of Ardagh Metal Packaging from $5.00 to $3.60 and set an “overweight” rating for the company in a research note on Monday, January 6th. Bank of America downgraded Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $4.90 to $4.00 in a research note on Wednesday, December 11th. Finally, Citigroup reduced their target price on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $3.43.

Ardagh Metal Packaging Price Performance

Shares of AMBP stock opened at $2.67 on Friday. The stock’s 50-day moving average is $3.35 and its 200 day moving average is $3.52. Ardagh Metal Packaging has a 1-year low of $2.66 and a 1-year high of $4.26. The company has a debt-to-equity ratio of 124.21, a current ratio of 1.17 and a quick ratio of 0.88. The company has a market cap of $1.60 billion, a P/E ratio of -22.25, a PEG ratio of 0.79 and a beta of 0.65.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the firm posted $0.06 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. Research analysts predict that Ardagh Metal Packaging will post 0.16 earnings per share for the current fiscal year.

Institutional Trading of Ardagh Metal Packaging

Several large investors have recently added to or reduced their stakes in the company. Ballentine Partners LLC purchased a new position in shares of Ardagh Metal Packaging during the third quarter worth $42,000. nVerses Capital LLC raised its stake in shares of Ardagh Metal Packaging by 70.4% during the 3rd quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock valued at $46,000 after buying an additional 5,000 shares during the last quarter. Quarry LP acquired a new position in shares of Ardagh Metal Packaging in the 2nd quarter valued at about $45,000. Signaturefd LLC lifted its holdings in shares of Ardagh Metal Packaging by 23.1% in the 3rd quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock valued at $71,000 after buying an additional 3,515 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Ardagh Metal Packaging by 34.5% during the second quarter. Principal Financial Group Inc. now owns 19,521 shares of the company’s stock worth $66,000 after acquiring an additional 5,009 shares during the period. Hedge funds and other institutional investors own 16.93% of the company’s stock.

About Ardagh Metal Packaging

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.