Ardagh Metal Packaging (NYSE:AMBP) Hits New 1-Year Low – What’s Next?

Ardagh Metal Packaging S.A. (NYSE:AMBP)’s share price reached 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 traded. The stock had previously closed at $2.70.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Bank of America lowered Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and dropped their target price for the company from $4.90 to $4.00 in a research report on Wednesday, December 11th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $3.35 price objective (down previously from $3.60) on shares of Ardagh Metal Packaging in a research report on Thursday, January 16th. Morgan Stanley upgraded Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and decreased their target price for the stock from $3.60 to $3.10 in a research report on Monday, January 13th. UBS Group cut their price target 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, Citigroup reduced their price target on shares of 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 equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Ardagh Metal Packaging has an average rating of “Hold” and a consensus price target of $3.37.

Ardagh Metal Packaging Trading Down 4.4 %

The business has a 50-day moving average price of $2.98 and a 200-day moving average price of $3.42. The firm has a market cap of $1.50 billion, a P/E ratio of -20.87, a P/E/G ratio of 0.51 and a beta of 0.64.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC boosted its stake 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 purchasing an additional 3,290 shares in the last quarter. Signaturefd LLC boosted 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 acquiring an additional 3,515 shares in the last quarter. Dakota Wealth Management boosted its position in Ardagh Metal Packaging by 2.8% during the 4th quarter. Dakota Wealth Management now owns 146,682 shares of the company’s stock valued at $442,000 after acquiring an additional 4,030 shares in the last quarter. nVerses Capital LLC increased its holdings in shares of Ardagh Metal Packaging by 70.4% in the 3rd quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock valued at $46,000 after acquiring an additional 5,000 shares during the period. Finally, Ieq Capital LLC lifted its stake in shares of Ardagh Metal Packaging by 15.7% during the 4th quarter. Ieq Capital LLC now owns 39,028 shares of the company’s stock worth $117,000 after purchasing an additional 5,289 shares during the last quarter. Hedge funds and other institutional investors own 16.93% of the company’s stock.

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.