Ardagh Metal Packaging (NYSE:AMBP) PT Raised to $4.50

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) had its target price raised by equities research analysts at Citigroup from $4.00 to $4.50 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a "buy" rating on the stock. Citigroup's price target indicates a potential upside of 21.13% from the company's current price.

AMBP has been the topic of a number of other reports. Wells Fargo & Company lifted their price objective on shares of Ardagh Metal Packaging from $3.95 to $4.25 and gave the company an "equal weight" rating in a research report on Friday, July 26th. UBS Group lowered shares of Ardagh Metal Packaging from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $5.00 to $3.75 in a research report on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Ardagh Metal Packaging presently has an average rating of "Hold" and an average price target of $3.74.

Ardagh Metal Packaging Stock Performance

Shares of AMBP traded down $0.08 during mid-day trading on Wednesday, reaching $3.72. 770,112 shares of the company's stock were exchanged, compared to its average volume of 1,342,430. The company has a debt-to-equity ratio of 124.21, a current ratio of 0.95 and a quick ratio of 0.66. The stock has a market capitalization of $2.22 billion, a PE ratio of -26.54, a price-to-earnings-growth ratio of 0.78 and a beta of 0.61. The business's fifty day simple moving average is $3.54 and its 200-day simple moving average is $3.63. Ardagh Metal Packaging has a 52-week low of $2.57 and a 52-week high of $4.17.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. Ardagh Metal Packaging had a negative net margin of 1.02% and a positive return on equity of 114.77%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the firm posted $0.04 EPS. Ardagh Metal Packaging's quarterly revenue was up .3% on a year-over-year basis. On average, equities research analysts expect that Ardagh Metal Packaging will post 0.16 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brightline Capital Management LLC acquired a new position in shares of Ardagh Metal Packaging during the 4th quarter worth $8,582,000. Grizzlyrock Capital LLC purchased a new stake in Ardagh Metal Packaging during the 4th quarter worth about $9,360,000. Vanguard Group Inc. increased its position in Ardagh Metal Packaging by 11.1% during the 1st quarter. Vanguard Group Inc. now owns 1,065,659 shares of the company's stock worth $3,655,000 after purchasing an additional 106,206 shares in the last quarter. King Street Capital Management L.P. purchased a new stake in Ardagh Metal Packaging during the 2nd quarter worth about $14,790,000. Finally, Renaissance Technologies LLC increased its position in Ardagh Metal Packaging by 48.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,325,132 shares of the company's stock worth $4,505,000 after purchasing an additional 433,700 shares in the last quarter. Institutional investors and hedge funds own 16.93% of the company's stock.

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.