Analysts Set Ardagh Metal Packaging S.A. (NYSE:AMBP) Target Price at $4.08

Ardagh Metal Packaging S.A. (NYSE:AMBP) has earned an average recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $4.08.

Several analysts have recently commented on AMBP shares. Bank of America upgraded shares of Ardagh Metal Packaging from an “underperform” rating to a “buy” rating and raised their target price for the stock from $3.80 to $5.10 in a research note on Thursday, October 17th. Citigroup raised their price objective on shares of Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company upgraded Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $4.25 to $5.00 in a research report on Tuesday, October 15th.

Ardagh Metal Packaging Stock Down 0.5 %

AMBP opened at $3.71 on Friday. Ardagh Metal Packaging has a 52 week low of $3.16 and a 52 week high of $4.26. The business has a 50 day moving average price of $3.76 and a two-hundred day moving average price of $3.68. The company has a quick ratio of 0.88, a current ratio of 1.17 and a debt-to-equity ratio of 124.21. The company has a market cap of $2.22 billion, a PE ratio of -30.91, a P/E/G ratio of 0.92 and a beta of 0.62.

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

Ardagh Metal Packaging Dividend Announcement

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 dividend of $0.10 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.78%. Ardagh Metal Packaging’s payout ratio is -333.31%.

Institutional Trading of Ardagh Metal Packaging

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Ardagh Metal Packaging by 11.1% in the first quarter. Vanguard Group Inc. now owns 1,065,659 shares of the company’s stock valued at $3,655,000 after purchasing an additional 106,206 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in Ardagh Metal Packaging by 7.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,225,983 shares of the company’s stock valued at $4,205,000 after buying an additional 80,600 shares during the last quarter. Gabelli Funds LLC increased its position in Ardagh Metal Packaging by 12.0% during the first quarter. Gabelli Funds LLC now owns 112,000 shares of the company’s stock worth $384,000 after buying an additional 12,000 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Ardagh Metal Packaging in the first quarter worth $91,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Ardagh Metal Packaging by 17.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,881 shares of the company’s stock valued at $113,000 after acquiring an additional 4,922 shares during the last quarter. 16.93% of the stock is currently owned by hedge funds and other institutional investors.

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.