Citigroup Lowers Ardagh Metal Packaging (NYSE:AMBP) Price Target to $4.00

Ardagh Metal Packaging (NYSE:AMBP) had its price objective decreased by equities research analysts at Citigroup from $4.50 to $4.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 44.93% from the stock’s current price.

AMBP has been the subject of several other research reports. Wells Fargo & Company decreased their target price on shares of Ardagh Metal Packaging from $5.00 to $3.60 and set an “overweight” rating for the company in a research report on Monday. Bank of America lowered Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $4.90 to $4.00 in a report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $3.65.

Ardagh Metal Packaging Stock Performance

Ardagh Metal Packaging stock opened at $2.76 on Monday. The company has a debt-to-equity ratio of 124.21, a current ratio of 1.17 and a quick ratio of 0.88. The firm’s fifty day moving average price is $3.41 and its 200 day moving average price is $3.54. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of -23.00, a price-to-earnings-growth ratio of 0.79 and a beta of 0.65. Ardagh Metal Packaging has a 12-month low of $2.75 and a 12-month high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP) last issued its earnings results on Thursday, October 24th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the business posted $0.06 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, research analysts forecast that Ardagh Metal Packaging will post 0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Ardagh Metal Packaging

Hedge funds and other institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC boosted its stake in Ardagh Metal Packaging by 0.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 641,868 shares of the company’s stock valued at $2,420,000 after buying an additional 3,290 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Ardagh Metal Packaging by 23.1% in the 3rd quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock worth $71,000 after purchasing an additional 3,515 shares during the last quarter. nVerses Capital LLC increased its position in shares of 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 purchasing an additional 5,000 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Ardagh Metal Packaging by 34.5% in the second quarter. Principal Financial Group Inc. now owns 19,521 shares of the company’s stock valued at $66,000 after acquiring an additional 5,009 shares during the last quarter. Finally, US Bancorp DE raised its holdings 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 valued at $151,000 after buying an additional 6,031 shares during 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.