Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives Average Rating of “Hold” from Brokerages

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $4.08.

A number of research firms recently issued reports on AMBP. Wells Fargo & Company raised shares of Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $4.25 to $5.00 in a research note on Tuesday, October 15th. UBS Group lowered Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $5.00 to $3.75 in a research report on Wednesday, July 17th. Bank of America upgraded Ardagh Metal Packaging from an “underperform” rating to a “buy” rating and lifted their price target for the company from $3.80 to $5.10 in a research report on Thursday, October 17th. Finally, Citigroup increased their price objective on Ardagh Metal Packaging from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Wednesday, October 2nd.

Ardagh Metal Packaging Price Performance

Shares of AMBP stock opened at $3.64 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 124.21. Ardagh Metal Packaging has a fifty-two week low of $3.16 and a fifty-two week high of $4.26. The business’s 50 day moving average price is $3.72 and its 200-day moving average price is $3.70.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations 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 firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 earnings per share. On average, sell-side analysts forecast that Ardagh Metal Packaging will post 0.16 EPS for the current year.

Ardagh Metal Packaging Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 10.99%. The ex-dividend date of this dividend is Thursday, December 5th. Ardagh Metal Packaging’s dividend payout ratio is presently -333.31%.

Institutional Trading of Ardagh Metal Packaging

Institutional investors and hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its stake in Ardagh Metal Packaging by 0.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 641,868 shares of the company’s stock valued at $2,420,000 after purchasing an additional 3,290 shares during the last quarter. Signaturefd LLC boosted its position in shares of Ardagh Metal Packaging by 23.1% during the third quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock valued at $71,000 after buying an additional 3,515 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Ardagh Metal Packaging by 17.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,881 shares of the company’s stock worth $113,000 after buying an additional 4,922 shares in the last quarter. nVerses Capital LLC raised its position in Ardagh Metal Packaging by 70.4% in the 3rd quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock worth $46,000 after buying an additional 5,000 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position 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 worth $66,000 after buying an additional 5,009 shares during the last quarter. 16.93% of the stock is currently owned by institutional investors.

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.