Ardagh Metal Packaging (NYSE:AMBP) Reaches New 52-Week Low – Should You Sell?

Ardagh Metal Packaging S.A. (NYSE:AMBP) shares hit a new 52-week low on Thursday . The stock traded as low as $2.66 and last traded at $2.67, with a volume of 367545 shares trading hands. The stock had previously closed at $2.70.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMBP. Citigroup reduced their price target on 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. Morgan Stanley raised Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and reduced their target price for the company from $3.60 to $3.10 in a research report on Monday, January 13th. Bank of America downgraded Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $4.90 to $4.00 in a report on Wednesday, December 11th. Wells Fargo & Company restated an “equal weight” rating and set a $3.35 price objective (down previously from $3.60) on shares of Ardagh Metal Packaging in a report on Thursday, January 16th. Finally, UBS Group dropped their target price on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating on the stock in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Ardagh Metal Packaging has a consensus rating of “Hold” and a consensus price target of $3.37.

Ardagh Metal Packaging Stock Down 4.4 %

The stock has a market capitalization of $1.50 billion, a PE ratio of -20.87, a PEG ratio of 0.51 and a beta of 0.64. The firm has a 50 day moving average price of $2.98 and a 200-day moving average price of $3.42.

Institutional Trading of Ardagh Metal Packaging

Several institutional investors and hedge funds have recently bought and sold shares of AMBP. Janney Montgomery Scott LLC increased its stake in shares of Ardagh Metal Packaging by 0.5% in the third quarter. Janney Montgomery Scott LLC now owns 641,868 shares of the company’s stock worth $2,420,000 after acquiring an additional 3,290 shares during the period. Signaturefd LLC grew its holdings in Ardagh Metal Packaging by 23.1% during the third quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock worth $71,000 after acquiring an additional 3,515 shares during the period. Dakota Wealth Management raised its position in Ardagh Metal Packaging by 2.8% during the fourth 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 lifted its holdings in Ardagh Metal Packaging by 70.4% in the third 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 boosted its position in Ardagh Metal Packaging by 15.7% in 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 in the last quarter. 16.93% of the stock is currently owned by institutional investors and hedge funds.

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.