Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives $4.68 Consensus PT from Analysts

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBPGet Free Report) have been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $4.68.

AMBP has been the subject of several recent analyst reports. Barclays downgraded shares of Ardagh Metal Packaging from an “overweight” rating to an “equal weight” rating and set a $4.00 price objective for the company. in a research note on Monday, January 8th. UBS Group began coverage on shares of Ardagh Metal Packaging in a research note on Tuesday, January 16th. They issued a “buy” rating and a $5.00 price target for the company. Truist Financial reissued a “hold” rating and issued a $4.00 price target on shares of Ardagh Metal Packaging in a research note on Tuesday, December 5th. Finally, Wells Fargo & Company decreased their price target on shares of Ardagh Metal Packaging from $3.70 to $2.90 and set an “equal weight” rating for the company in a research note on Thursday, October 19th.

View Our Latest Report on Ardagh Metal Packaging

Ardagh Metal Packaging Stock Performance

Shares of NYSE:AMBP opened at $3.87 on Friday. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. The company has a 50-day moving average price of $3.78 and a 200-day moving average price of $3.52. The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 14.96. Ardagh Metal Packaging has a 12 month low of $2.57 and a 12 month high of $5.70.

Institutional Investors Weigh In On Ardagh Metal Packaging

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG raised its position in shares of Ardagh Metal Packaging by 43.1% during the 2nd quarter. UBS Group AG now owns 6,028 shares of the company’s stock valued at $37,000 after purchasing an additional 1,815 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co raised its position in shares of Ardagh Metal Packaging by 0.7% during the 3rd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 435,522 shares of the company’s stock valued at $1,363,000 after purchasing an additional 2,915 shares during the period. Essex Financial Services Inc. raised its position in shares of Ardagh Metal Packaging by 3.5% during the 2nd quarter. Essex Financial Services Inc. now owns 96,845 shares of the company’s stock valued at $364,000 after purchasing an additional 3,241 shares during the period. MetLife Investment Management LLC raised its position in shares of Ardagh Metal Packaging by 66.8% during the 2nd quarter. MetLife Investment Management LLC now owns 8,391 shares of the company’s stock valued at $32,000 after purchasing an additional 3,359 shares during the period. Finally, Greenwich Wealth Management LLC raised its position in shares of Ardagh Metal Packaging by 29.7% during the 3rd quarter. Greenwich Wealth Management LLC now owns 14,780 shares of the company’s stock valued at $46,000 after purchasing an additional 3,388 shares during the period. Hedge funds and other institutional investors own 17.33% of the company’s stock.

About Ardagh Metal Packaging

(Get Free Report

Ardagh Metal Packaging SA, together with its subsidiaries, supplies 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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Analyst Recommendations for Ardagh Metal Packaging (NYSE:AMBP)

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