UBS Group Issues Pessimistic Forecast for Ardagh Metal Packaging (NYSE:AMBP) Stock Price

Ardagh Metal Packaging (NYSE:AMBP) had its price objective lowered by equities researchers at UBS Group from $4.75 to $4.25 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 3.03% from the company’s current price.

Several other brokerages have also recently weighed in on AMBP. Morgan Stanley set a $4.30 target price on Ardagh Metal Packaging in a report on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of Ardagh Metal Packaging in a report on Wednesday, January 21st. Wells Fargo & Company lowered their target price on Ardagh Metal Packaging from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Friday, March 20th. Finally, Truist Financial boosted their target price on Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock a “hold” rating in a report on Tuesday, January 6th. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $4.51.

Ardagh Metal Packaging Price Performance

AMBP stock traded down $0.03 during trading on Friday, hitting $4.13. The stock had a trading volume of 300,744 shares, compared to its average volume of 1,465,317. Ardagh Metal Packaging has a twelve month low of $2.62 and a twelve month high of $5.03. The company’s 50-day moving average price is $4.44 and its two-hundred day moving average price is $4.10. The stock has a market capitalization of $2.47 billion, a P/E ratio of -412.50, a PEG ratio of 1.14 and a beta of 0.62.

Ardagh Metal Packaging (NYSE:AMBP) last announced its earnings results on Thursday, February 26th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. Ardagh Metal Packaging had a net margin of 0.20% and a negative return on equity of 37.42%. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the company posted $0.03 EPS. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. As a group, sell-side analysts expect that Ardagh Metal Packaging will post 0.16 EPS for the current fiscal year.

Institutional Trading of Ardagh Metal Packaging

Several institutional investors and hedge funds have recently bought and sold shares of AMBP. Mercer Global Advisors Inc. ADV raised its position in Ardagh Metal Packaging by 15.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 16,703 shares of the company’s stock valued at $68,000 after purchasing an additional 2,231 shares during the period. Cerity Partners LLC raised its position in Ardagh Metal Packaging by 9.1% in the fourth quarter. Cerity Partners LLC now owns 36,465 shares of the company’s stock valued at $150,000 after purchasing an additional 3,040 shares during the period. R Squared Ltd raised its position in Ardagh Metal Packaging by 15.3% in the third quarter. R Squared Ltd now owns 25,046 shares of the company’s stock valued at $100,000 after purchasing an additional 3,328 shares during the period. Captrust Financial Advisors raised its position in Ardagh Metal Packaging by 27.9% in the fourth quarter. Captrust Financial Advisors now owns 15,439 shares of the company’s stock valued at $63,000 after purchasing an additional 3,369 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in Ardagh Metal Packaging by 9.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 56,828 shares of the company’s stock valued at $236,000 after purchasing an additional 4,741 shares during the period. 16.93% of the stock is currently owned by hedge funds and other institutional investors.

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.