Ardagh Metal Packaging's (AMBP) "Equal Weight" Rating Reaffirmed at Wells Fargo & Company

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report)'s stock had its "equal weight" rating reissued by analysts at Wells Fargo & Company in a research report issued to clients and investors on Thursday, MarketBeat reports. They currently have a $3.35 price objective on the stock, down from their prior price objective of $3.60. Wells Fargo & Company's price target indicates a potential upside of 19.86% from the stock's previous close.

A number of other analysts have also recently weighed in on the stock. Bank of America cut shares of Ardagh Metal Packaging from a "buy" rating to an "underperform" rating and dropped their target price for the stock from $4.90 to $4.00 in a report on Wednesday, December 11th. Citigroup lowered their price objective on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a "buy" rating for the company in a research report on Monday, January 6th. UBS Group cut their target price on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a "neutral" rating on the stock in a report on Friday, January 10th. Finally, Morgan Stanley raised shares of Ardagh Metal Packaging from an "underweight" rating to an "equal weight" rating and reduced their price target for the company from $3.60 to $3.10 in a report on Monday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $3.37.

Ardagh Metal Packaging Stock Performance

Shares of NYSE:AMBP traded down $0.05 during trading on Thursday, hitting $2.80. The company's stock had a trading volume of 1,240,807 shares, compared to its average volume of 1,594,348. Ardagh Metal Packaging has a fifty-two week low of $2.66 and a fifty-two week high of $4.26. The stock's 50-day moving average price is $3.30 and its two-hundred day moving average price is $3.51. The company has a market capitalization of $1.67 billion, a PE ratio of -23.29, a PEG ratio of 0.50 and a beta of 0.65.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.34 billion. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The firm's revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 EPS. On average, equities analysts predict that Ardagh Metal Packaging will post 0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ardagh Metal Packaging

A number of institutional investors and hedge funds have recently modified their holdings of AMBP. Janney Montgomery Scott LLC raised its holdings 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 valued at $2,420,000 after acquiring an additional 3,290 shares during the period. Signaturefd LLC raised its stake in Ardagh Metal Packaging by 23.1% during the 3rd quarter. Signaturefd LLC now owns 18,739 shares of the company's stock valued at $71,000 after purchasing an additional 3,515 shares during the period. nVerses Capital LLC lifted its holdings in shares of Ardagh Metal Packaging by 70.4% in the third quarter. nVerses Capital LLC now owns 12,100 shares of the company's stock valued at $46,000 after purchasing an additional 5,000 shares in the last quarter. US Bancorp DE boosted its position in shares of Ardagh Metal Packaging by 17.8% in the third quarter. US Bancorp DE now owns 39,978 shares of the company's stock worth $151,000 after buying an additional 6,031 shares during the period. Finally, PFG Investments LLC boosted its position in shares of Ardagh Metal Packaging by 15.4% in the third quarter. PFG Investments LLC now owns 45,634 shares of the company's stock worth $172,000 after buying an additional 6,092 shares during the period. 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.