Ardagh Metal Packaging S.A. (NYSE:AMBP – Get Rating) has received a consensus rating of "Moderate Buy" from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $5.94.
Several equities research analysts have issued reports on the company. Bank of America upgraded Ardagh Metal Packaging from a "neutral" rating to a "buy" rating and increased their price target for the stock from $5.60 to $6.00 in a report on Thursday, December 15th. BMO Capital Markets cut Ardagh Metal Packaging from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $9.00 to $5.00 in a research report on Friday, October 28th. Royal Bank of Canada downgraded shares of Ardagh Metal Packaging from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from $7.00 to $5.00 in a report on Friday, October 14th. Wells Fargo & Company upped their target price on Ardagh Metal Packaging from $3.75 to $4.65 and gave the stock an "equal weight" rating in a report on Monday, January 9th. Finally, Barclays decreased their price target on Ardagh Metal Packaging from $7.00 to $6.00 and set an "overweight" rating for the company in a research note on Tuesday, November 1st.
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Ardagh Metal Packaging Stock Up 1.8 %
Shares of NYSE:AMBP opened at $5.55 on Wednesday. The company has a 50 day moving average price of $4.87 and a two-hundred day moving average price of $5.31. The company has a debt-to-equity ratio of 6.12, a quick ratio of 1.11 and a current ratio of 1.46. The company has a market capitalization of $3.35 billion, a PE ratio of 14.23, a PEG ratio of 1.51 and a beta of 0.53. Ardagh Metal Packaging has a 52 week low of $3.91 and a 52 week high of $9.80.
Ardagh Metal Packaging (NYSE:AMBP – Get Rating) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.03). The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.17 billion. Ardagh Metal Packaging had a net
margin of 5.13% and a return on equity of 59.64%. Ardagh Metal Packaging's quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm earned $0.14 EPS. Analysts forecast that Ardagh Metal Packaging will post 0.35 earnings per share for the current year.
Institutional Trading of Ardagh Metal Packaging
Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Group AG raised its holdings in Ardagh Metal Packaging by 43.1% in the 2nd quarter. UBS Group AG now owns 6,028 shares of the company's stock valued at $37,000 after acquiring an additional 1,815 shares during the period. Ellevest Inc. increased its stake in shares of Ardagh Metal Packaging by 430.9% during the third quarter. Ellevest Inc. now owns 8,929 shares of the company's stock worth $43,000 after purchasing an additional 7,247 shares during the period. Spire Wealth Management acquired a new position in Ardagh Metal Packaging in the 2nd quarter valued at $56,000. Nicolet Advisory Services LLC bought a new position in Ardagh Metal Packaging during the 2nd quarter worth $63,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Ardagh Metal Packaging during the third quarter worth $49,000. Institutional investors own 19.04% of the company's stock.
About Ardagh Metal Packaging
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Ardagh Metal Packaging SA 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. The company serves beverage producers.
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