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

Ardagh Metal Packaging S.A. (NYSE:AMBP) has been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $4.51.

AMBP has been the subject of several research analyst reports. UBS Group upped their price target on shares of Ardagh Metal Packaging from $4.00 to $4.25 and gave the company a “neutral” rating in a research report on Monday, January 12th. Wells Fargo & Company reduced their target price on Ardagh Metal Packaging from $4.50 to $4.00 and set an “equal weight” rating for the company in a report on Wednesday, October 15th. Truist Financial lifted their price target on Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a “hold” rating in a report on Tuesday, January 6th. Raymond James Financial assumed coverage on Ardagh Metal Packaging in a research note on Wednesday, October 15th. They issued a “market perform” rating for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ardagh Metal Packaging in a research note on Wednesday, January 21st.

Hedge Funds Weigh In On Ardagh Metal Packaging

A number of hedge funds have recently modified their holdings of AMBP. Gamco Investors INC. ET AL raised its holdings in shares of Ardagh Metal Packaging by 5.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 1,452,836 shares of the company’s stock worth $5,957,000 after acquiring an additional 78,001 shares in the last quarter. Wolverine Asset Management LLC increased its position in Ardagh Metal Packaging by 19.0% in the 4th quarter. Wolverine Asset Management LLC now owns 255,899 shares of the company’s stock worth $1,049,000 after purchasing an additional 40,903 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new stake in shares of Ardagh Metal Packaging during the 4th quarter worth about $785,000. CWM LLC raised its stake in shares of Ardagh Metal Packaging by 12.1% during the 4th quarter. CWM LLC now owns 52,321 shares of the company’s stock worth $215,000 after purchasing an additional 5,659 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Ardagh Metal Packaging by 55.7% during the 4th quarter. Signaturefd LLC now owns 17,253 shares of the company’s stock valued at $71,000 after buying an additional 6,174 shares during the last quarter. 16.93% of the stock is owned by institutional investors and hedge funds.

Ardagh Metal Packaging Stock Up 1.7%

NYSE:AMBP opened at $4.87 on Thursday. The stock has a fifty day simple moving average of $4.24 and a 200 day simple moving average of $3.91. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of -487.00, a price-to-earnings-growth ratio of 1.07 and a beta of 0.56. Ardagh Metal Packaging has a 1-year low of $2.53 and a 1-year high of $5.03.

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.