UBS Group Has Lowered Expectations for Ardagh Metal Packaging (NYSE:AMBP) Stock Price

Ardagh Metal Packaging (NYSE:AMBP) had its price objective lowered by research analysts at UBS Group from $4.25 to $2.75 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential upside of 3.00% from the company’s previous close.

AMBP has been the topic of several other reports. Citigroup decreased their target price on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company decreased their price objective on Ardagh Metal Packaging from $5.00 to $3.60 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Bank of America lowered Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $4.90 to $4.00 in a research note on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $3.43.

Ardagh Metal Packaging Trading Down 2.2 %

Shares of AMBP opened at $2.67 on Friday. The firm has a market cap of $1.60 billion, a P/E ratio of -22.25, a price-to-earnings-growth ratio of 0.79 and a beta of 0.65. The company has a 50 day simple moving average of $3.35 and a two-hundred day simple moving average of $3.52. Ardagh Metal Packaging has a 1 year low of $2.66 and a 1 year high of $4.26. The company has a debt-to-equity ratio of 124.21, a current ratio of 1.17 and a quick ratio of 0.88.

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

Institutional Trading of Ardagh Metal Packaging

A number of large investors have recently made changes to their positions in the stock. Ballentine Partners LLC bought a new stake in Ardagh Metal Packaging during the 3rd quarter valued at about $42,000. Quarry LP bought a new stake in shares of Ardagh Metal Packaging in the second quarter valued at about $45,000. nVerses Capital LLC grew its holdings in Ardagh Metal Packaging by 70.4% during the 3rd quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock worth $46,000 after acquiring an additional 5,000 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Ardagh Metal Packaging by 34.5% during the 2nd quarter. Principal Financial Group Inc. now owns 19,521 shares of the company’s stock worth $66,000 after acquiring an additional 5,009 shares in the last quarter. Finally, Signaturefd LLC increased its position 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. 16.93% of the stock is owned by hedge funds and other institutional investors.

About Ardagh Metal Packaging

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.