Ardagh Metal Packaging (NYSE:AMBP) Sets New 12-Month High – Here’s Why

Ardagh Metal Packaging S.A. (NYSE:AMBP)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $4.80 and last traded at $4.7650, with a volume of 222316 shares trading hands. The stock had previously closed at $4.64.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMBP. Truist Financial increased their price target on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a “hold” rating in a research report on Tuesday, January 6th. UBS Group increased their target price on Ardagh Metal Packaging from $4.00 to $4.25 and gave the company a “neutral” rating in a report on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Ardagh Metal Packaging in a research report on Wednesday, January 21st. Morgan Stanley set a $4.30 price objective on Ardagh Metal Packaging in a research note on Thursday, January 8th. Finally, Raymond James Financial started coverage on shares of Ardagh Metal Packaging in a research report on Wednesday, October 15th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Ardagh Metal Packaging presently has a consensus rating of “Hold” and an average target price of $4.51.

Ardagh Metal Packaging Stock Performance

The company’s fifty day moving average price is $4.16 and its 200 day moving average price is $3.90. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of -484.50, a price-to-earnings-growth ratio of 0.99 and a beta of 0.56.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AMBP. Capital Investment Advisory Services LLC bought a new stake in Ardagh Metal Packaging during the 3rd quarter valued at $40,000. Pallas Capital Advisors LLC acquired a new stake in Ardagh Metal Packaging in the 4th quarter valued at about $42,000. Dynamic Technology Lab Private Ltd acquired a new stake in Ardagh Metal Packaging during the first quarter valued at approximately $43,000. Capula Management Ltd acquired a new stake in shares of Ardagh Metal Packaging during the 2nd quarter valued at $45,000. Finally, Guardian Capital LP purchased a new stake in shares of Ardagh Metal Packaging during the third quarter valued at $46,000. 16.93% of the stock is owned by institutional investors and hedge funds.

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.