Ardagh Metal Packaging (NYSE:AMBP) Price Target Raised to $4.25

Ardagh Metal Packaging (NYSE:AMBP) had its price target lifted by equities research analysts at Wells Fargo & Company from $3.95 to $4.25 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 15.96% from the stock’s previous close.

AMBP has been the topic of several other research reports. Citigroup reduced their target price on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a report on Monday, July 8th. Bank of America lowered Ardagh Metal Packaging from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $4.10 to $3.50 in a research note on Monday, April 1st. Finally, UBS Group downgraded Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and dropped their target price for the company from $5.00 to $3.75 in a report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $3.67.

Ardagh Metal Packaging Stock Performance

Ardagh Metal Packaging stock opened at $3.67 on Friday. The company has a market cap of $2.19 billion, a price-to-earnings ratio of -26.18, a price-to-earnings-growth ratio of 0.52 and a beta of 0.62. Ardagh Metal Packaging has a 12 month low of $2.57 and a 12 month high of $4.17. The company has a debt-to-equity ratio of 124.21, a current ratio of 0.95 and a quick ratio of 0.61. The stock’s 50-day moving average is $3.70 and its 200-day moving average is $3.65.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Ardagh Metal Packaging had a negative net margin of 1.26% and a positive return on equity of 55.91%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.04 EPS. Equities analysts anticipate that Ardagh Metal Packaging will post 0.21 earnings per share for the current year.

Institutional Investors Weigh In On Ardagh Metal Packaging

Hedge funds have recently bought and sold shares of the business. Brightline Capital Management LLC purchased a new stake in Ardagh Metal Packaging during the 4th quarter worth approximately $8,582,000. Grizzlyrock Capital LLC purchased a new stake in Ardagh Metal Packaging during the 4th quarter worth approximately $9,360,000. ING Groep NV increased its holdings in Ardagh Metal Packaging by 548.0% during the 4th quarter. ING Groep NV now owns 1,756,000 shares of the company’s stock worth $6,743,000 after purchasing an additional 1,485,000 shares during the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in Ardagh Metal Packaging during the 4th quarter worth approximately $47,000. Finally, SG Americas Securities LLC increased its holdings in Ardagh Metal Packaging by 45.4% during the 4th quarter. SG Americas Securities LLC now owns 72,684 shares of the company’s stock worth $279,000 after purchasing an additional 22,699 shares during the last quarter. Institutional investors and hedge funds own 16.93% of the company’s stock.

Ardagh Metal Packaging Company Profile

Ardagh Metal Packaging SA, together with its subsidiaries, supplies consumer 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.