3 stories mentioning AMBPUpdated 33d ago
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Ardagh Metal Packaging S.A (AMBP) has an average rating of hold and mean price target of $4.98, according to analysts polled by FactSet.
Packaging and forest products companies face lackluster demand and weak volumes outside beverage cans and selected specialty markets, BofA Securities analysts said in a Tuesday note.Analysts said that while inflation headwinds are expected to fade in the second half of the year, assuming a renewed ceasefire in the Middle East, foreign exchange could become an earnings risk.BofA said that beverage cans remain its preferred subsector, driven by stronger demand, improving aluminum economics, innovation, and the World Cup.Analysts said they are cautious on glass and paper, where volume weakness and potential operating-rate pressures could weigh on outlooks.BofA upgraded AptarGroup's (ATR) rating to buy from neutral, and raised its price objective to $173 from $148.It downgraded O-I Glass (OI) to underperform from buy, Greif (GEF) to underperform from neutral, and International Paper (IP) and Sylvamo (SLVM) to neutral from buy.BofA also resumed coverage of Graphic Packaging (GPK) with a neutral rating and a $12 price objective.Analysts increased the price objective on Ardagh Metal Packaging (AMBP) to $4.70 from $4; Amcor (AMCR) to $51 from $48; Avery Dennison (AVY) to $210 from $202; Ball (BALL) to $73 from $70; Crown (CCK) to $145 from $129; Karat Packaging (KRT) to $34 from $23; Silgan (SLGN) to $58 from $53; and Sonoco Products (SON) to $69 from $65.They also raised the price objective on Boise Cascade (BCC) to $81 from $80; Louisiana-Pacific (LPX) to $101 from $85; Packaging Corporation of America (PKG) to $263 from $242; and Greif to $70 from $68.BofA lowered its price objective on O-I Glass to $11 from $13, International Paper to $41 from $44, and Sylvamo to $45 from $58.Price: $128.79, Change: $+3.90, Percent Change: +3.12%
Ardagh Metal Packaging's (AMBP) Q1 earnings "beat" and reiterated 2026 outlook point to resilient demand, pricing power and "limited" inflation impact across the beverage can sector, providing positive read-throughs for Ball (BALL) and Crown (CCK), RBC Capital Markets said in a report emailed Monday.The firm said "strong" energy drink and non-alcoholic beverage trends, along with potential tailwinds from global events such as the World Cup, could support low-single-digit volume growth in 2026, while companies are expected to pass through "higher aluminum" costs.The company's Q1 results beat estimates by about 10%, driven by "input cost recovery" and "gains from revaluation of hedges in Europe," though global shipments were slightly down, reflecting North America weakness, the report said.Looking ahead, the firm raised earnings before interest, taxes, depreciation, and amortization estimates for Q2, 2026 and 2027 to $215 million, $765 million and $790 million, respectively, citing solid volume growth and strength in Europe and Brazil, though second-half performance could be pressured by rising raw material costs and "European freight hedge reversal," according to the report.RBC has a sector perform rating on Ardagh Metal Packaging with a price target of $5.
