Ardagh Metal Packaging (NYSE:AMBP) PT Lowered to $9.00 at Barclays

Ardagh Metal Packaging (NYSE:AMBPGet Rating) had its target price dropped by equities research analysts at Barclays from $10.00 to $9.00 in a note issued to investors on Monday, The Fly reports. Barclays‘s target price indicates a potential upside of 26.23% from the stock’s previous close.

AMBP has been the subject of several other reports. BMO Capital Markets raised Ardagh Metal Packaging from a “market perform” rating to an “outperform” rating and set a $11.00 price target for the company in a report on Thursday, January 20th. Zacks Investment Research cut Ardagh Metal Packaging from a “hold” rating to a “sell” rating in a report on Wednesday, April 27th. Wells Fargo & Company reduced their price target on Ardagh Metal Packaging from $13.60 to $13.10 and set an “overweight” rating for the company in a report on Wednesday, April 13th. Finally, Credit Suisse Group reduced their price target on Ardagh Metal Packaging from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Friday, February 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $11.79.

NYSE:AMBP opened at $7.13 on Monday. The stock’s 50 day moving average price is $8.06. The company has a current ratio of 1.19, a quick ratio of 0.90 and a debt-to-equity ratio of 9.90. Ardagh Metal Packaging has a 52-week low of $6.44 and a 52-week high of $12.43.

Ardagh Metal Packaging (NYSE:AMBPGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. On average, research analysts expect that Ardagh Metal Packaging will post 0.43 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Institute for Wealth Management LLC. purchased a new stake in shares of Ardagh Metal Packaging in the first quarter valued at $272,000. Davy Global Fund Management Ltd acquired a new position in Ardagh Metal Packaging in the first quarter valued at $8,098,000. Lapides Asset Management LLC boosted its holdings in Ardagh Metal Packaging by 45.1% in the first quarter. Lapides Asset Management LLC now owns 245,600 shares of the company’s stock valued at $1,997,000 after acquiring an additional 76,300 shares during the last quarter. Live Oak Private Wealth LLC acquired a new position in Ardagh Metal Packaging in the first quarter valued at $5,083,000. Finally, Stolper Co boosted its holdings in Ardagh Metal Packaging by 101.5% in the first quarter. Stolper Co now owns 276,902 shares of the company’s stock valued at $2,251,000 after acquiring an additional 139,450 shares during the last quarter.

About Ardagh Metal Packaging (Get Rating)

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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