Ardagh Metal Packaging (NYSE:AMBP) Coverage Initiated by Analysts at Deutsche Bank Aktiengesellschaft

Equities researchers at Deutsche Bank Aktiengesellschaft started coverage on shares of Ardagh Metal Packaging (NYSE:AMBP) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating and a $5.20 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential downside of 0.67% from the stock’s previous close.

Several other brokerages have also issued reports on AMBP. Wells Fargo & Company increased their target price on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 15th. Wall Street Zen raised shares of Ardagh Metal Packaging from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Citigroup reiterated a “buy” rating on shares of Ardagh Metal Packaging in a report on Friday, July 24th. Weiss Ratings raised shares of Ardagh Metal Packaging from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 7th. Finally, UBS Group raised their target price on Ardagh Metal Packaging from $4.75 to $5.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $4.92.

Ardagh Metal Packaging Stock Performance

Ardagh Metal Packaging stock opened at $5.24 on Thursday. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 87.26, a PEG ratio of 0.99 and a beta of 0.51. Ardagh Metal Packaging has a 52-week low of $3.29 and a 52-week high of $5.47. The stock’s 50 day moving average price is $4.73 and its two-hundred day moving average price is $4.41.

Ardagh Metal Packaging (NYSE:AMBP) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.57 billion. Ardagh Metal Packaging had a net margin of 0.68% and a negative return on equity of 27.93%. The company’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 EPS. On average, equities research analysts forecast that Ardagh Metal Packaging will post 0.28 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Optiver Holding B.V. boosted its position in shares of Ardagh Metal Packaging by 540.2% during the first quarter. Optiver Holding B.V. now owns 7,145 shares of the company’s stock valued at $29,000 after buying an additional 6,029 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in Ardagh Metal Packaging in the 4th quarter valued at $33,000. Abel Hall LLC purchased a new stake in Ardagh Metal Packaging in the 1st quarter valued at $42,000. Dynamic Technology Lab Private Ltd bought a new position in Ardagh Metal Packaging during the 1st quarter valued at $43,000. Finally, Nations Financial Group Inc. IA ADV bought a new position in Ardagh Metal Packaging during the 1st quarter valued at $44,000. Institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Company Profile

Ardagh Metal Packaging (NYSE: AMBP) is a global supplier of metal packaging solutions, specializing in the production of steel and aluminum beverage cans, food cans and ends. As a segment of the Ardagh Group, the company supports a broad range of food and beverage customers, including soft drink and craft beer producers, as well as food manufacturers requiring durable, recyclable packaging. Its product portfolio encompasses two‐piece and three‐piece cans, a variety of can ends and closures, and value‐added services such as custom lithography and decorating.

The company operates a network of manufacturing plants across North America and Europe, serving both regional and multinational clients.