Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives $4.51 Average Price Target from Analysts

Ardagh Metal Packaging S.A. (NYSE:AMBP) has been assigned an average rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $4.51.

Several equities analysts have recently commented on the stock. UBS Group upped their price objective on shares of Ardagh Metal Packaging from $4.00 to $4.25 and gave the stock a “neutral” rating in a report on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Ardagh Metal Packaging in a research report on Wednesday, January 21st. Truist Financial raised their price target on Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Tuesday, January 6th. Wells Fargo & Company dropped their price objective on Ardagh Metal Packaging from $4.50 to $4.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 15th. Finally, Morgan Stanley set a $4.30 target price on Ardagh Metal Packaging in a research note on Thursday, January 8th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Investment Advisory Services LLC acquired a new stake in Ardagh Metal Packaging during the 3rd quarter worth approximately $40,000. Pallas Capital Advisors LLC acquired a new position in shares of Ardagh Metal Packaging in the fourth quarter worth $42,000. Capula Management Ltd purchased a new stake in shares of Ardagh Metal Packaging during the second quarter worth $45,000. Brighton Jones LLC acquired a new stake in shares of Ardagh Metal Packaging in the second quarter valued at $47,000. Finally, Captrust Financial Advisors purchased a new position in Ardagh Metal Packaging in the second quarter valued at $47,000. Hedge funds and other institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Trading Up 0.2%

Shares of NYSE:AMBP opened at $4.82 on Thursday. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of -482.00, a PEG ratio of 1.07 and a beta of 0.56. Ardagh Metal Packaging has a 12-month low of $2.50 and a 12-month high of $5.03. The business has a 50-day moving average price of $4.22 and a 200 day moving average price of $3.91.

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.