Ardagh Metal Packaging (NYSE:AMBP) Lowered to “Neutral” at UBS Group

Ardagh Metal Packaging (NYSE:AMBP) was downgraded by research analysts at UBS Group from a “buy” rating to a “neutral” rating in a research report issued on Wednesday, FinViz reports.

A number of other brokerages have also commented on AMBP. Wells Fargo & Company increased their price objective on shares of Ardagh Metal Packaging from $3.70 to $3.75 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. Citigroup decreased their price objective 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. Finally, Bank of America lowered shares of Ardagh Metal Packaging from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $4.10 to $3.50 in a report on Monday, April 1st. Two investment 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, Ardagh Metal Packaging currently has a consensus rating of “Hold” and a consensus price target of $3.78.

Ardagh Metal Packaging Trading Up 3.0 %

Shares of Ardagh Metal Packaging stock opened at $3.80 on Wednesday. The stock has a market capitalization of $2.27 billion, a P/E ratio of -27.14, a price-to-earnings-growth ratio of 0.54 and a beta of 0.62. The company has a quick ratio of 0.61, a current ratio of 0.95 and a debt-to-equity ratio of 124.21. The company has a 50-day simple moving average of $3.76 and a 200 day simple moving average of $3.66. Ardagh Metal Packaging has a 12-month low of $2.57 and a 12-month high of $4.17.

Ardagh Metal Packaging (NYSE:AMBP) last announced its earnings results on Thursday, April 25th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. Ardagh Metal Packaging had a negative net margin of 1.26% and a positive return on equity of 55.91%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the company posted $0.01 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Research analysts expect that Ardagh Metal Packaging will post 0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Principle Wealth Partners LLC boosted its stake in Ardagh Metal Packaging by 7.5% during the 4th quarter. Principle Wealth Partners LLC now owns 50,315 shares of the company’s stock worth $193,000 after acquiring an additional 3,495 shares during the last quarter. Bfsg LLC boosted its stake in Ardagh Metal Packaging by 9.2% during the 4th quarter. Bfsg LLC now owns 48,275 shares of the company’s stock worth $185,000 after acquiring an additional 4,050 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Ardagh Metal Packaging by 17.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,881 shares of the company’s stock worth $113,000 after acquiring an additional 4,922 shares during the last quarter. Signaturefd LLC boosted its stake in Ardagh Metal Packaging by 44.9% during the 4th quarter. Signaturefd LLC now owns 21,066 shares of the company’s stock worth $81,000 after acquiring an additional 6,531 shares during the last quarter. Finally, HB Wealth Management LLC boosted its stake in Ardagh Metal Packaging by 33.2% during the 1st quarter. HB Wealth Management LLC now owns 32,228 shares of the company’s stock worth $111,000 after acquiring an additional 8,026 shares during the last quarter. Institutional investors 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.