Ardagh Metal Packaging S.A. (NYSE:AMBP) Given Consensus Rating of “Hold” by Analysts

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

AMBP has been the topic of several analyst reports. UBS Group lifted their price target on shares of 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 note on Wednesday, January 21st. Truist Financial upped their target price on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock a “hold” rating in a report on Tuesday, January 6th. Morgan Stanley set a $4.30 price target on Ardagh Metal Packaging in a research note on Thursday, January 8th. Finally, Raymond James Financial assumed coverage on Ardagh Metal Packaging in a research report on Wednesday, October 15th. They issued a “market perform” rating on the stock.

Institutional Investors Weigh In On Ardagh Metal Packaging

Institutional investors and hedge funds have recently modified their holdings of the stock. Capital Investment Advisory Services LLC bought a new stake in Ardagh Metal Packaging in the 3rd quarter valued at $40,000. Pallas Capital Advisors LLC bought a new position in shares of Ardagh Metal Packaging during the 4th quarter valued at about $42,000. Capula Management Ltd purchased a new position in shares of Ardagh Metal Packaging during the second quarter valued at about $45,000. Brighton Jones LLC purchased a new position in shares of Ardagh Metal Packaging during the second quarter valued at about $47,000. Finally, Captrust Financial Advisors bought a new stake in shares of Ardagh Metal Packaging in the second quarter worth about $47,000. Institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Stock Up 4.3%

AMBP stock opened at $4.84 on Thursday. The business’s 50-day moving average price is $4.18 and its 200-day moving average price is $3.90. The stock has a market cap of $2.89 billion, a P/E ratio of -484.00, a PEG ratio of 1.03 and a beta of 0.56. Ardagh Metal Packaging has a twelve month low of $2.50 and a twelve month high of $4.87.

About Ardagh Metal Packaging

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.