UBS Group Issues Pessimistic Forecast for Ardagh Metal Packaging (NYSE:AMBP) Stock Price

Ardagh Metal Packaging (NYSE:AMBP) had its target price cut by stock analysts at UBS Group from $4.75 to $4.25 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 3.28% from the company’s current price.

A number of other research analysts have also weighed in on AMBP. Weiss Ratings reissued a “hold (c)” rating on shares of Ardagh Metal Packaging in a research note on Wednesday, January 21st. Morgan Stanley set a $4.30 target price on shares of Ardagh Metal Packaging in a research note on Thursday, January 8th. Truist Financial raised their target price on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock a “hold” rating in a research note on Tuesday, January 6th. Finally, Wells Fargo & Company decreased their target price on shares of Ardagh Metal Packaging from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Friday, March 20th. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $4.51.

Ardagh Metal Packaging Trading Down 0.8%

AMBP stock opened at $4.12 on Friday. Ardagh Metal Packaging has a 12-month low of $2.62 and a 12-month high of $5.03. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of -411.50, a PEG ratio of 1.13 and a beta of 0.62. The business’s 50-day moving average is $4.43 and its 200 day moving average is $4.10.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. Ardagh Metal Packaging had a negative return on equity of 37.42% and a net margin of 0.20%.The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the firm posted $0.03 EPS. Ardagh Metal Packaging’s revenue was up 12.6% compared to the same quarter last year. As a group, equities analysts forecast that Ardagh Metal Packaging will post 0.16 EPS for the current fiscal year.

Institutional Trading of Ardagh Metal Packaging

Several institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its position in shares of Ardagh Metal Packaging by 37,601.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 30,161 shares of the company’s stock valued at $124,000 after buying an additional 30,081 shares during the period. Mercer Global Advisors Inc. ADV raised its position in shares of Ardagh Metal Packaging by 15.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 16,703 shares of the company’s stock valued at $68,000 after buying an additional 2,231 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of Ardagh Metal Packaging during the 4th quarter valued at approximately $281,000. XTX Topco Ltd purchased a new stake in shares of Ardagh Metal Packaging during the 4th quarter valued at approximately $227,000. Finally, Guardian Capital LP raised its position in shares of Ardagh Metal Packaging by 72.4% during the 4th quarter. Guardian Capital LP now owns 19,983 shares of the company’s stock valued at $82,000 after buying an additional 8,393 shares during the period. Hedge funds and other institutional investors own 16.93% of the company’s stock.

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.