Ardagh Metal Packaging (NYSE:AMBP) Stock Gets Downgrade from Wall Street Zen

Ardagh Metal Packaging (NYSE:AMBP) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

Several other research firms also recently weighed in on AMBP. Wells Fargo & Company lifted their price target on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 15th. Citigroup reiterated a “buy” rating on shares of Ardagh Metal Packaging in a report on Friday, July 24th. Weiss Ratings raised Ardagh Metal Packaging from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 7th. UBS Group dropped their price objective on Ardagh Metal Packaging from $5.00 to $4.50 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Ardagh Metal Packaging in a report on Thursday, August 20th. They set a “hold” rating and a $5.20 price objective on the stock. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ardagh Metal Packaging presently has a consensus rating of “Hold” and a consensus price target of $4.83.

Ardagh Metal Packaging Trading Down 0.3%

NYSE AMBP opened at $4.67 on Friday. The stock has a market cap of $2.79 billion, a PE ratio of 77.76, a PEG ratio of 0.84 and a beta of 0.50. Ardagh Metal Packaging has a 12 month low of $3.29 and a 12 month high of $5.47. The company’s 50-day moving average price is $4.80 and its 200-day moving average price is $4.48.

Ardagh Metal Packaging (NYSE:AMBP) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.57 billion. Ardagh Metal Packaging had a net margin of 0.68% and a negative return on equity of 27.93%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the business posted $0.08 EPS. As a group, sell-side analysts forecast that Ardagh Metal Packaging will post 0.27 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Weiss Asset Management LP raised its stake in Ardagh Metal Packaging by 11,276.2% in the first quarter. Weiss Asset Management LP now owns 4,516,338 shares of the company’s stock worth $18,291,000 after buying an additional 4,476,638 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Ardagh Metal Packaging by 20.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,637,767 shares of the company’s stock worth $18,779,000 after buying an additional 801,019 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Ardagh Metal Packaging by 28.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,269,861 shares of the company’s stock worth $13,243,000 after buying an additional 722,974 shares during the period. Renaissance Technologies LLC lifted its holdings in Ardagh Metal Packaging by 31.9% during the first quarter. Renaissance Technologies LLC now owns 2,894,210 shares of the company’s stock worth $11,722,000 after buying an additional 699,478 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in Ardagh Metal Packaging by 715.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 188,047 shares of the company’s stock valued at $816,000 after acquiring an additional 165,000 shares in the last quarter. 16.93% of the stock is currently owned by institutional investors.

More Ardagh Metal Packaging News

Here are the key news stories impacting Ardagh Metal Packaging this week:

• Positive Sentiment: Sale process can proceed: Ardagh’s parent said it may continue pursuing a sale of its metals packaging business after the court ruling removed the restriction. A completed transaction could provide liquidity and potentially clarify AMBP’s ownership structure. Ardagh Metal Packaging Parent Says Sale Can Proceed After Judge Withdraws Order Blocking Process
• Neutral Sentiment: RBC remains cautious: RBC Capital reaffirmed its Hold rating and kept a $5.00 price target, indicating the firm sees only modest potential upside from recent trading levels. RBC Capital Reaffirms Their Hold Rating on Ardagh Metal Packaging
• Neutral Sentiment: Peer-performance comparison: A market analysis compares AMBP’s year-to-date performance with Constellium and other industrial-products companies, providing sector context but no new company-specific fundamental catalyst. Is Ardagh Metal Packaging Stock Outpacing Its Industrial Products Peers This Year?
• Negative Sentiment: Takeover expectations have faded: Truist said Ardagh is unlikely to receive an offer from major industry participants Ball or Crown, reducing the possibility of a near-term acquisition premium. Ardagh Metal Unlikely to Get Offer From Ball, Crown, Truist Says
• Negative Sentiment: Earnings and balance-sheet concerns: AMBP reports next week, but Zacks says the company lacks the indicators typically associated with an earnings beat. Analysts and commentary also continue to highlight leverage and the need to improve the balance sheet, increasing downside risk if results or guidance disappoint. Ardagh Metal Packaging Reports Next Week

About Ardagh Metal Packaging

Ardagh Metal Packaging SA (NYSE: AMBP) is a global supplier of sustainable metal packaging for beverage manufacturers. The company produces aluminum and steel beverage cans, can ends and specialty containers used for products including carbonated soft drinks, beer, energy drinks and other ready-to-drink beverages.

Ardagh Metal Packaging serves major beverage companies and brand owners through manufacturing operations in Europe, North America and Brazil. Its products are designed to support brand differentiation, convenient consumption and the circular-economy benefits of metal packaging, which can be recycled repeatedly without losing its essential properties.

The company was formed from the beverage can business of Ardagh Group and became a publicly traded company in 2021 through a business combination with Gores Holdings V.