Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives $3.92 Average PT from Analysts

Ardagh Metal Packaging S.A. (NYSE:AMBP) has received a consensus rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $3.92.

A number of equities analysts have issued reports on the stock. Bank of America cut shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $4.90 to $4.00 in a research note on Wednesday, December 11th. Wells Fargo & Company upgraded Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $4.25 to $5.00 in a research report on Tuesday, October 15th. Finally, Citigroup upped their price objective on Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a “buy” rating in a report on Wednesday, October 2nd.

Hedge Funds Weigh In On Ardagh Metal Packaging

Several institutional investors have recently modified their holdings of the business. Ballentine Partners LLC acquired a new position in Ardagh Metal Packaging in the 3rd quarter worth $42,000. Quarry LP acquired a new position in shares of Ardagh Metal Packaging during the second quarter worth about $45,000. nVerses Capital LLC grew its holdings in shares of Ardagh Metal Packaging by 70.4% during the third quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock worth $46,000 after buying an additional 5,000 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Ardagh Metal Packaging by 34.5% in the 2nd quarter. Principal Financial Group Inc. now owns 19,521 shares of the company’s stock valued at $66,000 after acquiring an additional 5,009 shares in the last quarter. Finally, 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 worth $71,000 after acquiring an additional 3,515 shares during the last quarter. Institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Trading Up 1.0 %

Shares of AMBP opened at $3.06 on Wednesday. The stock’s fifty day simple moving average is $3.65 and its 200-day simple moving average is $3.61. The firm has a market capitalization of $1.83 billion, a PE ratio of -25.50, a price-to-earnings-growth ratio of 0.78 and a beta of 0.61. Ardagh Metal Packaging has a 12-month low of $2.98 and a 12-month high of $4.26. The company has a quick ratio of 0.88, a current ratio of 1.17 and a debt-to-equity ratio of 124.21.

Ardagh Metal Packaging (NYSE:AMBP) last released its earnings results on Thursday, October 24th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.34 billion. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.06 EPS. As a group, research analysts predict that Ardagh Metal Packaging will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 13.07%. The ex-dividend date was Thursday, December 5th. Ardagh Metal Packaging’s dividend payout ratio is currently -333.33%.

Ardagh Metal Packaging Company Profile

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.