Ardagh Metal Packaging (NYSE:AMBP) Hits New 52-Week Low - Should You Sell?

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report)'s share price hit a new 52-week low on Thursday . The company traded as low as $2.66 and last traded at $2.67, with a volume of 367545 shares changing hands. The stock had previously closed at $2.70.

Analyst Ratings Changes

AMBP has been the topic of a number of research analyst reports. Bank of America cut Ardagh Metal Packaging from a "buy" rating to an "underperform" rating and reduced their target price for the company from $4.90 to $4.00 in a report on Wednesday, December 11th. Morgan Stanley upgraded Ardagh Metal Packaging from an "underweight" rating to an "equal weight" rating and reduced their target price for the company from $3.60 to $3.10 in a report on Monday, January 13th. Wells Fargo & Company restated an "equal weight" rating and set a $3.35 price objective (down previously from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday, January 16th. UBS Group reduced their price objective on Ardagh Metal Packaging from $4.25 to $2.75 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Finally, Citigroup reduced their price objective on Ardagh Metal Packaging from $4.50 to $4.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Ardagh Metal Packaging presently has a consensus rating of "Hold" and a consensus price target of $3.37.

Ardagh Metal Packaging Price Performance

The firm has a market capitalization of $1.59 billion, a PE ratio of -22.12, a price-to-earnings-growth ratio of 0.51 and a beta of 0.64. The stock has a 50-day moving average price of $2.96 and a 200-day moving average price of $3.41.

Institutional Trading of Ardagh Metal Packaging

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Citigroup Inc. increased its position in shares of Ardagh Metal Packaging by 15,834.1% during the third quarter. Citigroup Inc. now owns 5,104,806 shares of the company's stock worth $19,245,000 after acquiring an additional 5,072,769 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Ardagh Metal Packaging by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,784,882 shares of the company's stock worth $6,729,000 after acquiring an additional 11,963 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Ardagh Metal Packaging by 37.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,778,166 shares of the company's stock worth $6,704,000 after acquiring an additional 489,146 shares during the last quarter. Nordwand Advisors LLC increased its position in shares of Ardagh Metal Packaging by 3.6% during the fourth quarter. Nordwand Advisors LLC now owns 754,987 shares of the company's stock worth $2,273,000 after acquiring an additional 26,000 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Ardagh Metal Packaging by 0.5% during the third quarter. Janney Montgomery Scott LLC now owns 641,868 shares of the company's stock worth $2,420,000 after acquiring an additional 3,290 shares during the last quarter. 16.93% of the stock is owned by hedge funds and other institutional investors.

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.